Criticism of fiscal policy analysis of euro convergence (Maastricht) criteria

According to the proponents of fiscal rules, the fiscal rules aims to prevent the complications caused by bureaucracy and politicians on fiscal policy. Fiscal policy aims to terminate the short-term relationship based on self interest through simplification of fiscal rules thus fiscal policies will help to ensure fiscal discipline. Neutral fiscal rules which are organized according to national and international law will strengthen the fiscal policy Fiscal rules proposed as a solution to public deficits and debts have gained popularity after the eighties. These days fiscal rules are applied in many countries. One of the most comprehensive examples mentioned is the Euro convergence criteria. In the first section of the study, which consists of three sections, theoretical background of fiscal rules is examined. In the second section Euro Convergence Criteria which is an example of the fiscal rule application is discussed in the context of EU economic integration. Finally the last section examined whether the fiscal rules in relation to the Euro Convergence Criteria created the expected impact. Keywords: Fiscal Rules, Euro Convergence (Maastricht) Criteria, Fiscal Policy