Monetary and Fiscal Policies in Poland and The Czech Republic in the light of an accession to the Eurozone
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.
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|Date of revision:||01 Jun 2003|
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- 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.
- Hans-Werner Sinn & Michael Reutter, 2001.
"The Minimum Inflation Rate for Euroland,"
NBER Working Papers
8085, National Bureau of Economic Research, Inc.
- Jan Przystupa, 2002. "The exchange rate in the monetary transmission mechanism," National Bank of Poland Working Papers 25, National Bank of Poland, Economic Institute.
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