Macroeconomic effects of EU transfers in New Member States /
prepared by Céline Allard ... [et al.].

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Related Names
Allard, Céline.
International Monetary Fund. European Dept.
Language(s)
English
Published
Washington, D.C. : International Monetary Fund, c2008.
Subjects
Rapprochement (Économie) > Europe de l'Est.
Paiements de transfert > Europe de l'Est.
Convergence (Economics) > Europe, Eastern.
Transfer payments > 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.
Europe, Eastern > Economic conditions > 1989-
Europe, Eastern > Foreign economic relations > European Union countries.
European Union countries > Foreign economic relations > Europe, Eastern.
Summary
Large inflows from the European Union to the New Member States are likely to significantly impact 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 conditions under which they would help speed up convergence. We find that the EU funds need to be directed predominantly to investment rather than to income support and that to best accompany the EU fund inflows, the policy-mix would need to combine counter-cyclical policy with a strong commitment to the existing monetary regime.
Note
"September 2008."
At head of title: European Department.
Also available via the World Wide Web.
Physical Description
57 p. : ill. ; 28 cm.
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