Final Report: Monetary and Fiscal Policy

Katarzyna Zukrowska (), Vladimir Lavrac (), Massimiliano Marzo and Dominik Sobczak ()
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Katarzyna Zukrowska: International Security Department Warsaw School of Economics
Vladimir Lavrac: Institute for Economic Research Ljubljana
Dominik Sobczak: International Security Department Warsaw School of Economics

Eastward Enlargement of the Euro-zone Working Papers from Free University Berlin, Jean Monnet Centre of Excellence

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 ¯ukrowska 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.

Keywords: EU-budget costs; ECB; EMU; EU-enlargement; fiscal and monetary policy; heterogeneity; Stability and Growth Pact; Monetary Policy Modelling (search for similar items in EconPapers)
Pages: 88 pages
Date: 2003-09-01, Revised 2003-09-01
New Economics Papers: this item is included in nep-mon and nep-tra
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