Macroeconomic Effects of EU Transfers in New Member States.

Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help sp...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Fund, International Monetary
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
Colección:IMF Working Papers.
Temas:
Since 1989
Convergence (Economics) > Europe, Eastern.
Transfer payments > Europe, Eastern.
Rapprochement (Économie) > Europe de l'Est.
Paiements de transfert > Europe de l'Est.
Convergence (Economics)
Economic history
International economic relations
Transfer payments
Europe, Eastern > Economic conditions > 1989-
Europe, Eastern > Foreign economic relations > European Union countries.
European Union countries > Foreign economic relations > Europe, Eastern.
Europe de l'Est > Conditions économiques > 1989-
Europe de l'Est > Relations économiques extérieures > Pays de l'Union européenne.
Pays de l'Union européenne > Relations économiques extérieures > Europe de l'Est.
Eastern Europe
European Union countries
Acceso en línea:Texto completo
Descripción
Sumario:Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help speed up convergence. We find that the EU funds need to bedirected predominantly to investment rather than to income support and that to bestaccompany the EU fund inflows, the policy-mix would need to combine counter-cyclicalpolicy with a strong commitment to the existing monetary regime.
Descripción Física:1 online resource (71 pages)
Bibliografía:Includes bibliographical references.
ISBN:9781452746050
1452746052

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