Republic of Poland: Selected Issues

International Monetary Fund

No 2008/131, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper provides three policy lessons to take full advantage of the opportunity afforded by EU funds. The main features of the global integrated monetary and fiscal (GIMF) model and how it was modified to account for income convergence are discussed. The impact of EU funds as exhibited in the model and highlights potential risks related to the authorities’ policy choices, in particular in the fiscal area, are also discussed. The macroeconomic literature on the impact of EU funds can be divided into broad groups: model simulations and econometric studies.

Keywords: ISCR; CR; EU fund; nominal exchange rate; fund; exchange rate; government wage bill; EU funds; EU fund inflow; wage moderation; EU transfer; Labor markets; Employment; Wages; Public investment spending; Real interest rates; Baltics; Europe; Global (search for similar items in EconPapers)
Pages: 83
Date: 2008-04-18
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