Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31952
Authors: 
Zukrowska, Katarzyna
Sobczak, Dominik
Marzo, Massimiliano
Year of Publication: 
2003
Series/Report no.: 
Ezoneplus working paper / Eastward Enlargement of the Eurozone 17
Abstract: 
This report reflects on recent trends in fiscal and monetary policies at the onset of EU-enlargement. Particularly, the authors focus on necessary adjustment processes for future EU-members. How to smooth best the transition period between normal EU-accession and eventual participation in the Eurozone? Having conducted empirical regional reports, the Ezoneplus research consortium combines the results in two main parts: Katarzyna Zukrowska and Dominik Sobczak reveal trends and risks in fiscal policy issues, such as divergent consolidation policies in Western Europe, possible lessons for CEE countries and the importance of the Stability and Growth Pact. Then, Massimiliano Marzo elaborates a comprehensive picture of the impact of monetary policy, especially inflation targeting in three CEE countries.
Subjects: 
EU-budget costs
ECB
EMU
EU-enlargement
fiscal and monetary policy
heterogeneity
Stability and Growth Pact
Monetary Policy Modelling
JEL: 
E5
F4
E61
E65
Document Type: 
Working Paper

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