Comments on Rybczynski

A. M. El-Agraa

A chapter in European Monetary Union, 1982, pp 228-231 from Palgrave Macmillan

Abstract: Abstract Let me start my discussion by making two subsidiary points. First, I would turn round what Mr Rybczynski says about large interregional transfers having made little difference to growth rates; it was because the structurally-determined components of the growth-rates already differed that the transfers were required, and one could argue that in relation to their size they were pretty effective. Second, I do think Mr Rybczynski is technically wrong in regarding the ‘up to 1 per cent of the yield of a uniform VAT’ as not an ‘own resource’, but this is metaphysics!

Keywords: Monetary Policy; Central Bank; Free Trade; Fiscal Policy; Monetary Union (search for similar items in EconPapers)
Date: 1982
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DOI: 10.1007/978-1-349-16781-4_16

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