Macroeconomic Policy Management in the context of EU integration - Economicus

By Prof. Asoc. Dr. Ermela KRIPA

EDITORIAL

Managing a country’s economy while trying to join the European Union is complicated. It’s not easy even for countries that are already members, but it’s even harder for those, like the Western Balkan countries, who want to join. Imagine having to make many people with different styles dance together: it’s a bit like trying to make the economies of very different countries work under the same EU rules. This process fundamentally, is about harmonizing diverse economic landscapes under the overarching framework of EU regulations, a task that demands meticulous coordination of fiscal and monetary policies. The core dilemma lies in achieving economic convergence amidst inherent disparities, navigating the constraints of EU fiscal rules, and mitigating the impact of economic shocks within a unified economic sphere. The European Central Bank, while a linchpin in guiding Eurozone monetary policy, grapples with the complexities arising from the varied economic realities of its member states.