{"id":9614,"date":"2022-07-16T10:03:29","date_gmt":"2022-07-16T10:03:29","guid":{"rendered":"http:\/\/pravnizapisi.rs\/?page_id=9614"},"modified":"2022-08-09T09:48:22","modified_gmt":"2022-08-09T09:48:22","slug":"9614-2","status":"publish","type":"page","link":"https:\/\/www.pravnizapisi.rs\/en\/pravni-zapisi-1-2022\/9614-2\/","title":{"rendered":""},"content":{"rendered":"

PRAVNI ZAPISI \u2022 Year XIII \u2022 No. 1 \u2022 pp. 76-92<\/p>\n

THE LONG-LASTING POST-COVID SYMPTOM: THE CASE FOR THE EU FISCAL RULES REFORM?<\/strong><\/h3>\n
\"\"<\/a>
Language: English<\/em><\/figcaption><\/figure>\n

Mihailo Babin
\n<\/strong>Associate Professor, FEFA Faculty, Metropolitan University, Belgrade
\n<\/strong>e-mail: <\/strong>mbabin@fefa.edu.rs<\/strong><\/a><\/h4>\n

Iva Ivanov
\n<\/strong>Teaching Assistant, <\/strong>Union University Law School<\/strong>, Belgrade
\n<\/strong>e-mail: <\/strong>iva.ivanov<\/strong>@pravnifakultet<\/strong>.rs<\/strong><\/a><\/h4>\n

Milo\u0161 Eri\u0107
\n<\/strong>Associate Professor, FEFA Faculty, Metropolitan University, Belgrade
\n<\/strong>e-mail: <\/strong>meric@fefa.edu.rs<\/strong><\/a><\/h4>\n

\u00a0<\/strong><\/h4>\n

<\/h4>\n

.<\/span><\/p>\n

Pravni zapisi, No. 1\/2022, pp. 76-92<\/p>\n

Original Scientific Article<\/p>\n

DOI<\/strong>: 10.5937\/pravzap0-37462<\/u><\/a><\/p>\n

KEY WORDS
\n<\/strong><\/span>fiscal rules, fiscal policy, Maastricht criteria, reform, EU<\/p>\n

ABSTRACT
\n<\/strong><\/span>The paper investigates compliance with the EU fiscal rules in the period 1992\u20132020. The EU fiscal rules are prescribed as guidelines and represent a typical example of the soft law approach. The negative impact of the soft law approach is more visible after the periods of economic crisis (2008\u20132009; 2020\u20132022). The non-compliance with the prescribed ceilings on the level of the budgetary deficit and public debt create instability and various adverse economic effects. In the paper it is shown that existing rules are not adequate for the job they were made for. It is shown that the design and enforcement of the rules are poor, and that actually the European Commission, the watchdog, is in fact a toothless dog. The goal of the paper is to present potential reform alternatives with the aim to contribute to the reestablishment of the sound fiscal framework in the EU. The paper is concluded with the proposal of a completely new approach for the fiscal rules reform \u2013 Growth-Enhancement Fiscal Policy Switch (GEFPS).<\/p>\n","protected":false},"excerpt":{"rendered":"

PRAVNI ZAPISI \u2022 Year XIII \u2022 No. 1 \u2022 pp. 76-92 THE LONG-LASTING POST-COVID SYMPTOM: THE CASE FOR THE EU FISCAL RULES REFORM? Mihailo Babin Associate Professor, FEFA Faculty, Metropolitan University, Belgrade e-mail: mbabin@fefa.edu.rs Iva Ivanov Teaching Assistant, Union University Law School, Belgrade e-mail: iva.ivanov@pravnifakultet.rs Milo\u0161 Eri\u0107 Associate Professor, FEFA Faculty, Metropolitan University, Belgrade e-mail: meric@fefa.edu.rs \u00a0 . Pravni zapisi, No. 1\/2022, pp. 76-92 Original Scientific Article DOI: 10.5937\/pravzap0-37462 KEY WORDS fiscal rules, fiscal policy, Maastricht criteria, reform, EU ABSTRACT The paper investigates compliance with the EU fiscal rules in the period 1992\u20132020. The EU fiscal rules are prescribed as […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":9549,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-article.php","meta":{"footnotes":""},"class_list":["post-9614","page","type-page","status-publish","hentry"],"yoast_head":"\n- Pravni Zapisi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pravnizapisi.rs\/pravni-zapisi-1-2022\/9611-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"- Pravni Zapisi\" \/>\n<meta property=\"og:description\" content=\"PRAVNI ZAPISI \u2022 Year XIII \u2022 No. 1 \u2022 pp. 76-92 THE LONG-LASTING POST-COVID SYMPTOM: THE CASE FOR THE EU FISCAL RULES REFORM? Mihailo Babin Associate Professor, FEFA Faculty, Metropolitan University, Belgrade e-mail: mbabin@fefa.edu.rs Iva Ivanov Teaching Assistant, Union University Law School, Belgrade e-mail: iva.ivanov@pravnifakultet.rs Milo\u0161 Eri\u0107 Associate Professor, FEFA Faculty, Metropolitan University, Belgrade e-mail: meric@fefa.edu.rs \u00a0 . Pravni zapisi, No. 1\/2022, pp. 76-92 Original Scientific Article DOI: 10.5937\/pravzap0-37462 KEY WORDS fiscal rules, fiscal policy, Maastricht criteria, reform, EU ABSTRACT The paper investigates compliance with the EU fiscal rules in the period 1992\u20132020. 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