Abstract
Starting from the 2008 summer, the European Union’s economy feels the recession. The dissatisfaction of EU citizens does not allow to implement impartial (although sometimes painful) actions for the recovery of the situation which lasts too long and rises many linked problems. In the latest European Commission’s document there is stressed, that economic, financial as well as moral recession is now affecting so many parts of Europe that this situation shaken the disrupt the trust in the ability of Europe’s political and economic system to deliver on the EU Treaty’s ambition of “sustainable development… based on balanced economic growth.” However such statements are not or should not be unexpected and could be interpreted at least as catchwords. Considering prevailing situation of moral decline, incredulity in the capability of political actions the article solves the scientific problem – how to evaluate the macroeconomic situation of state’s economy? What are the main indicators for macroeconomic stability surveillance of state’s economy? Is it possible to apply it to every country? Are there any correlations between theoretical instruments (policies) for coordination of macroeconomic situation in the state level and practical actions made by the EU’s government? The object of research is state’s (EU member state’s) macroeconomic stability and EU-actions for the maintenance of macroeconomic and financial stability. The subject of the research is theoretical indicators for the macroeconomic stability surveillance. The article aim’s to construct hypothetical evolvent of macroeconomic stability surveillance indicators and to analyse some initiatives of EU’s government for maintenance of financial stability. To achieve this aim four tasks are solved: to systemise existing theoretical instruments (policies) for coordination of macroeconomic situation in the state level; to construct the evolvent of macroeconomic stability surveillance indicators; to highlight some concerned initiatives of the EU’s government for the maintenance of macroeconomic and financial stability; to provide negotiable recommendations for actions considering macroeconomic stability surveillance in the EU. Scientific originality and practical significance of the article: the article solves original scientific problem - is there a method for evaluation of macroeconomic stability of state’s economy and if these indicators are appropriate for practical usage; solution of the scientific problem enabled to provide the comprehensive evolvent of macroeconomic stability surveillance indicators; there are provided practical and substantiated recommendations for actions considering macroeconomic stability surveillance in the EU. The article does not aim to present all EU’s initiatives towards stable economy maintenance. It is a key to highlight that they do exist but situation is still remains very complicated. Theoretical comparative analysis of the scientific works, analysis of legal documents as well as strategies and practical papers in this field was taken as the research methods. The recommendations and conclusions are provided using reality-based, prognostic – analytical method. DOI: http://dx.doi.org/10.5755/j01.eis.0.6.1792
Highlights
The problem of macroeconomic stability of state‘s economy1 practically seems to be extremely important problem during the centuries
Samuelson stated that for macroeconomic stability surveillance of the national modern economic system can effectively overcome such economy? Is it possible to apply it to every country? Are there defects of life as unemployment and inflation. It could be any correlations between theoretical instruments achieved by adjusting two principles: effective influence of for coordination of macroeconomic situation at the domestic government on the market as a unique system and; freedom level and actual actions undertaken by the EU Commission? of behaviour of producer and consumer
These countries have committed themselves to far-reaching stability and low inflation create the necessary conditions for reforms in the four areas covered by the Pact: sustainable long-term growth, which benefits the euro-area
Summary
The Evolvent of Macroeconomic Stability Surveillance Indicators - Old Wine in New Bottles?. In the latest European Commission’s document, it is stressed, that economic, financial as well as moral recession is affecting so many parts of Europe that this situation raises the doubts considering the trust in the ability of Europe’s political and economic system to deliver on the EU Treaty’s ambition of “sustainable development based on balanced economic growth.”. Such statements are not, or should not be, unexpected and could be interpreted at least as catchwords.
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