Macroeconomic Consequences of the Adoption of the Euro: The Case of Slovenia

Klaus Weyerstrass and Reinhard Neck ()

International Advances in Economic Research, 2008, vol. 14, issue 1, 10 pages

Abstract: On 1 January 2007, Slovenia adopted the euro as the first of the ten new EU member states. By means of simulations with SLOPOL6, a macroeconometric model of the Slovene economy, this paper examines the macroeconomic consequences that can be expected from this event. It is shown that after a short period of minor turbulences related to the introduction of the euro, the adoption of the euro brings about higher real GDP growth, a higher GDP level, more employment, lower inflation, a lower price level and improved public finances in the medium run. On the other hand, the current account deteriorates. Copyright International Atlantic Economic Society 2008

Keywords: Euro Area; Macroeconometric model; Slovenia; C53; E17; F15 (search for similar items in EconPapers)
JEL-codes: C53 E17 F15 (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/s11294-007-9131-x

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