Mechanism for Preventing Macroeconomic Imbalances in the EU – Conceptual Framework and Literature Review on the Problem of Financial Discipline and Macroeconomic Imbalances in the EU Cover Image

Механизъм за предупреждение на макроикономически дисбаланси в ЕС – концептуална рамка и литературен преглед по проблема за финансовата дисциплина и макроикономическите дисбаланси в ЕС
Mechanism for Preventing Macroeconomic Imbalances in the EU – Conceptual Framework and Literature Review on the Problem of Financial Discipline and Macroeconomic Imbalances in the EU

Author(s): Silvia Trifonova, Valya Vasileva
Subject(s): Politics / Political Sciences, Politics, Economy, EU-Accession / EU-DEvelopment, Public Finances, Fiscal Politics / Budgeting
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: macroeconomic imbalances; alert mechanism report
Summary/Abstract: This article focuses on the EU’s macroeconomic imbalances prevention mechanism. The aim of the article is to explore the nature and conceptual framework of this mechanism and to systematize, group and critically analyze the theoretical and empirical research on the problem of financial discipline and macroeconomic imbalances in the EU. To achieve the set goal, the following research methods were used – theoreticalmethodological, inductive-deductive, method of analysis and synthesis, historical-logical approach, comparative analysis, systematic approach, and others. The first part of the article clarifies the nature of the mechanism for preventing macroeconomic imbalances in the EU. The second part of the article provides a literature review and critical analysis of theoretical and empirical research on the problem of financial discipline and macroeconomic imbalances in the EU. Finally, the article concludes with a summary of the findings of the study.