IDEAS home Printed from https://ideas.repec.org/p/ezo/ezppap/wp17.html
   My bibliography  Save this paper

Final Report: Monetary and Fiscal Policy

Author

Listed:
  • Katarzyna Zukrowska

    () (International Security Department Warsaw School of Economics)

  • Vladimir Lavrac

    () (Institute for Economic Research Ljubljana)

  • Massimiliano Marzo

    () (Dipartimento di Scienze Economiche Università di Bologna)

  • Dominik Sobczak

    () (International Security Department Warsaw School of Economics)

Abstract

This report reflects on recent trends in fiscal and monetary policies at the onset of EU-enlargement. Particularly, the authors focus on necessary adjustment processes for future EU-members. How to smooth best the transition period between "normal" EU-accession and eventual participation in the Eurozone? Having conducted empirical regional reports, the Ezoneplus research consortium combines the results in two main parts: Katarzyna ¯ukrowska and Dominik Sobczak reveal trends and risks in fiscal policy issues, such as divergent consolidation policies in Western Europe, possible lessons for CEE countries and the importance of the Stability and Growth Pact. Then, Massimiliano Marzo elaborates a comprehensive picture of the impact of monetary policy, especially inflation targeting in three CEE countries.

Suggested Citation

  • Katarzyna Zukrowska & Vladimir Lavrac & Massimiliano Marzo & Dominik Sobczak, 2003. "Final Report: Monetary and Fiscal Policy," Eastward Enlargement of the Euro-zone Working Papers wp17, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Sep 2003.
  • Handle: RePEc:ezo:ezppap:wp17
    as

    Download full text from publisher

    File URL: http://www.ezoneplus.org/archiv/ezp_wp_17.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Lars E.O. Svensson & Michael Woodford, 2004. "Implementing Optimal Policy through Inflation-Forecast Targeting," NBER Chapters,in: The Inflation-Targeting Debate, pages 19-92 National Bureau of Economic Research, Inc.
    2. Leeper, Eric M., 1991. "Equilibria under 'active' and 'passive' monetary and fiscal policies," Journal of Monetary Economics, Elsevier, vol. 27(1), pages 129-147, February.
    3. Lars E. O. Svensson, 2003. "What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules," Journal of Economic Literature, American Economic Association, vol. 41(2), pages 426-477, June.
    4. Sims, Christopher A, 1994. "A Simple Model for Study of the Determination of the Price Level and the Interaction of Monetary and Fiscal Policy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(3), pages 381-399.
    5. Jiri Jonas & Frederic S. Mishkin, 2003. "Inflation Targeting in Transition Countries: Experience and Prospects," NBER Working Papers 9667, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    EU-budget costs; ECB; EMU; EU-enlargement; fiscal and monetary policy; heterogeneity; Stability and Growth Pact; Monetary Policy Modelling;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ezo:ezppap:wp17. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stefan Hohenberger). General contact details of provider: http://edirc.repec.org/data/ezonede.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.