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Policy Advice: Markets and Policies

Author

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  • Renzo Orsi

    (Department of Economics University of Bologna Italy)

  • Katarzyna Zukrowska

    (International Security Department Warsaw School of Economics)

Abstract

This paper aims at the provision of applicable recommendations for institutions and actors involved regarding the EMU accession process both in CEE and in the eurozone. In order to provide topical advice, the first part, on markets, will concentrate on theory and empirics of labour markets, financial markets and foreign direct investment, whereas the second part, dealing with policies, will put emphasis on exchange rates, FDI, labour markets, and the social dimension. It turns out that benefits and losses of EMU accession may differ with regard to the different issue areas. To get to clear-cut recommendations, diverging impacts and their balance have been taken into consideration. Special regard has been given to divergent groups of winners and losers during accession, its impact on the political decisionmaking process, and ways to compensate for them.

Suggested Citation

  • Renzo Orsi & Katarzyna Zukrowska, 2004. "Policy Advice: Markets and Policies," Eastward Enlargement of the Euro-zone Working Papers wp20, Free University Berlin, Jean Monnet Centre of Excellence, revised 01 Feb 2004.
    • Handle: RePEc:ezo:ezppap:wp20
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    References listed on IDEAS

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