An Empirical Analysis of Monetary Policy Choices in the Pre-EMU Period
We argue that the choice of exchange rate regime in the process of accession to the European Union and EMU can affect the growth rate of the economy in the medium term. Empirical analysis is employed. We discuss the effects of exchange rate choice, and of the timing of transition to EMU on the core accession countries using model simulations.
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"Estimates of Fundamental Real Echange Rates for the Five EU Pre- Accession Countries,"
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- Ray Barrell & Dawn Holland & Nigel Pain & Mihaly Andras Kovacs & Zoltan Jakab & Katerina Smidkova & Urmas Sepp & Uros Cufer, 2004.
"An Econometric Macro-model of Transition: Policy Choices in the Pre-Accession Period,"
- Barrell, Ray & Dawn Holland & Nigel Pain, 2002. "An Econometric Macro-model of Transition: Policy Choices in the Pre-Accession Period," Royal Economic Society Annual Conference 2002 15, Royal Economic Society.
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