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Monetary and Fiscal Policies in Poland and The Czech Republic in the light of an accession to the Eurozone

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  • Katarzyna Zukrowska

    () (Warsaw School of Economics)

Abstract

Such an exceptional event as the creation of the EMU and the euro has not had happened never before. The most common challenges concerning EMU and the euro are: fiscal policy making, monetary policy making, euro area being a non-optimal currency area and the political legitimacy of EMU. It is worthwhile stressing that economic policies – except from monetary policy – are still framed by the individual member states or by coordination with others. It is than of the utmost importance to define what are the chances for the euro to preserve its influence and to combat inflation after accession of ten new member states. This regional input provides empirical insights on these issues for Poland and the Czech Republic.

Suggested Citation

  • Katarzyna Zukrowska, 2003. "Monetary and Fiscal Policies in Poland and The Czech Republic in the light of an accession to the Eurozone," Eastward Enlargement of the Euro-zone Working Papers wp17e, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Jun 2003.
  • Handle: RePEc:ezo:ezppap:wp17e
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    References listed on IDEAS

    as
    1. Michael Reutter & Hans-Werner Sinn, 2000. "The Minimum Inflation Rate for Euroland," CESifo Working Paper Series 377, CESifo Group Munich.
    2. Jan Przystupa, 2002. "The exchange rate in the monetary transmission mechanism," NBP Working Papers 25, Narodowy Bank Polski, Economic Research Department.
    3. Barry Eichengreen & Charles Wyplosz, 1993. "The Unstable EMS," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1), pages 51-144.
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    Keywords

    Regional Input; Monetary and Fiscal Policy; Poland; The Czech Republic;

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