Monetary an Fiscal Policies for Slovenia an the Road to Full Monetary Integration

Klaus Weyerstrass

Chapter 16 in FindEcon Monograph Series: Advances in Financial Market Analysis, 2006, vol. 1, pp 245-256 from University of Lodz

Abstract: Chapter 16 deals with an econometric approach. It presents simulations with SLOPOL - a medium-sized macroeconometric model of the Slovenian economy. The simulations have shown that the labor market performance can be considerably improved by cutting the income tax rate and the social security burden. Public finance deteriorate significantly if the exchange rate is entirely fixed at an early stage of the economic integration of Slovenia with the EMU. The policy recommendation is to consider a crawling peg regime, combined with cutting the tax burden on wages, as well as a reduction of government expenditures.

Keywords: Econometric models; Macroeconomic models; European monetary integration; Monetary policy; Fiscal policy (search for similar items in EconPapers)
JEL-codes: C01 E02 F00 G00 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ann:findec:book:y:2006:n:01:ch:16:mon

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