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Fiscal and Monetary Policy in Belgium, France, Germany, Luxembourg, and The Netherlands

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  • Christian Fahrholz

    ()
    (Jean Monnet Centre of Excellence, Free University Berlin)

  • Philipp Mohl

    ()
    (Jean Monnet Centre of Excellence, Free University Berlin)

Abstract

This regional input analyses recent developments and future prospects of fiscal policy (part I) and monetary policy (part II) of Benelux, France and Germany (EMU-5) covering the period of 1997-2004. The fiscal policy part concentrates on budgetary effects of the eastward enlargement. Besides, socio-economic developments are considered, as well. In context of monetary policy affairs, the heterogeneity of EMU-5 members is surveyed. The brief analysis of two main aspects of the monetary union – the GDP growth rates and the inflation rates – indicates that diversity among the surveyed countries still prevails.

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Bibliographic Info

Paper provided by Free University Berlin, Jean Monnet Centre of Excellence in its series Eastward Enlargement of the Euro-zone Working Papers with number wp17c.

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Length: 52 pages
Date of creation: 01 Apr 2003
Date of revision: 01 Apr 2003
Handle: RePEc:ezo:ezppap:wp17c

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Postal: Jean Monnet Centre of Excellence, Freie Universität Berlin, Ihnestrasse 22, D-14195 Berlin
Web page: http://www.jmc-berlin.org
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Keywords: EU-budget costs; ECB; EMU; EU-enlargement; fiscal and monetary policy; heterogeneity; Stability and Growth Pact;

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