Macroeconomic effects of EU transfers in New Member States

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050 ⊔ 4 ‡aHG3881.5.I58 ‡bW67 NO.08/223
245 0 0 ‡aMacroeconomic effects of EU transfers in New Member States / ‡cprepared by Céline Allard ... [et al.].
260 ⊔ ⊔ ‡aWashington, D.C. : ‡bInternational Monetary Fund, ‡cc2008.
300 ⊔ ⊔ ‡a57 p. : ‡bill. ; ‡c28 cm.
500 ⊔ ⊔ ‡a"September 2008."
500 ⊔ ⊔ ‡aAt head of title: European Department.
504 ⊔ ⊔ ‡aIncludes bibliographical references (p. 33-36).
520 ⊔ ⊔ ‡aLarge 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.
530 ⊔ ⊔ ‡aAlso available via the World Wide Web.
538 ⊔ ⊔ ‡aMode of access: Internet.
650 ⊔ 6 ‡aRapprochement (Économie) ‡zEurope de l'Est.
650 ⊔ 6 ‡aPaiements de transfert ‡zEurope de l'Est.
650 ⊔ 0 ‡aConvergence (Economics) ‡zEurope, Eastern.
650 ⊔ 0 ‡aTransfer payments ‡zEurope, Eastern.
651 ⊔ 6 ‡aEurope de l'Est ‡xConditions économiques ‡y1989-
651 ⊔ 6 ‡aEurope de l'Est ‡xRelations économiques extérieures ‡zPays de l'Union européenne.
651 ⊔ 6 ‡aPays de l'Union européenne ‡xRelations économiques extérieures ‡zEurope de l'Est.
651 ⊔ 0 ‡aEurope, Eastern ‡xEconomic conditions ‡y1989-
651 ⊔ 0 ‡aEurope, Eastern ‡xForeign economic relations ‡zEuropean Union countries.
651 ⊔ 0 ‡aEuropean Union countries ‡xForeign economic relations ‡zEurope, Eastern.
700 1 ⊔ ‡aAllard, Céline.
710 2 ⊔ ‡aInternational Monetary Fund. ‡bEuropean Dept.
830 ⊔ 0 ‡aIMF working paper ; ‡vWP/08/223.
CID ⊔ ⊔ ‡a010571264
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