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

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Author Info
Christian Fahrholz () (Jean Monnet Centre of Excellence, Free University Berlin)
Philipp Mohl () (Jean Monnet Centre of Excellence, Free University Berlin)

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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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Publisher 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 Universit�t Berlin, Ihnestrasse 22, D-14195 Berlin
Web page: http://www.jmc-berlin.org
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Related research
Keywords: EU-budget costs; ECB; EMU; EU-enlargement; fiscal and monetary policy; heterogeneity; Stability and Growth Pact;

Find related papers by JEL classification:
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Thai Than Dang & Pablo Antolín & Howard Oxley, 2001. "Fiscal Implications of Ageing: Projections of Age-Related Spending," OECD Economics Department Working Papers 305, OECD, Economics Department. [Downloadable!]
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  3. Neumann, Manfred J.M. & von Hagen, Jürgen, 1992. "Real Exchange Rates Within and Between Currency Areas: How Far Away is EMU?," CEPR Discussion Papers 660, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  4. Richard E. Baldwin & Joseph F. Francois & Richard Portes, 1997. "The costs and benefits of eastern enlargement: the impact on the EU and central Europe," Economic Policy, CEPR, CES, MSH, vol. 12(24), pages 125-176, 04. [Downloadable!] (restricted)
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    Other versions:
  6. David Carey, 2002. "Coping with Population Ageing in the Netherlands," OECD Economics Department Working Papers 325, OECD, Economics Department. [Downloadable!]
  7. Philipp Maier & Maarten Hendrikx, 2002. "Implications of EMU Enlargement for European Monetary Policy: A Political Economy View," MEB Series (discontinued) 2002-4, Netherlands Central Bank, Monetary and Economic Policy Department. [Downloadable!]
    Other versions:
  8. Ilian Mihov, 2001. "Monetary policy implementation and transmission in the European Monetary Union," Economic Policy, CEPR, CES, MSH, vol. 16(33), pages 369-406, October. [Downloadable!] (restricted)
  9. Giancarlo Corseti & Paolo Pesenti, 2000. "The (Past and) Future of European Currencies," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 37(110), pages 35-62. [Downloadable!]
  10. Tamim Bayoumi and Barry Eichengreen., 1992. "Shocking Aspects of European Monetary Unification," Economics Working Papers 92-187, University of California at Berkeley. [Downloadable!]
    Other versions:
  11. Kurt Bayer, 1999. "Perspectives for Future Economic Policy Coordination within EMU," Empirica, Springer, vol. 26(3), pages 271-279, September. [Downloadable!] (restricted)
  12. Christian Weise, 2002. "How to Finance Eastern Enlargement of the EU," Discussion Papers of DIW Berlin 287, DIW Berlin, German Institute for Economic Research. [Downloadable!]
  13. Torsten Persson & Guido Tabellini, . "Do Electoral Cycles Differ Across Political Systems?," Working Papers 232, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University. [Downloadable!]
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