Improved fiscal policies in EU boost competitiveness and stabilize economies effectively.
The article discusses how countries in the European Union use their national budgets to influence the economy. It looks at how these fiscal policies affect economic activity and whether they match the intended goals. The study shows that national fiscal policies have improved by being more responsive to economic cycles and focusing on restoring competitiveness rather than just boosting demand. It also presents two successful examples of using fiscal policies to stabilize the economy.