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Record Nr. |
UNINA9910788345803321 |
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Titolo |
Macroeconomic Effects of EU Transfers in New Member States |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2008 |
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ISBN |
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1-4623-5579-X |
9786612841743 |
1-4527-4605-2 |
1-282-84174-2 |
1-4518-7081-7 |
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Descrizione fisica |
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1 online resource (59 pages) : illustrations |
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Collana |
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IMF Working Papers |
IMF working paper ; ; WP/08/223 |
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Disciplina |
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Soggetti |
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Transfer payments - Europe, Eastern |
Convergence (Economics) - Europe, Eastern |
Foreign Exchange |
Macroeconomics |
Public Finance |
Aggregate Factor Income Distribution |
National Government Expenditures and Related Policies: Infrastructures |
Other Public Investment and Capital Stock |
Macroeconomics: Consumption |
Saving |
Wealth |
Fiscal Policy |
Public finance & taxation |
Currency |
Foreign exchange |
Income |
Public investment spending |
Consumption |
Real exchange rates |
Fiscal policy |
Public investments |
Economics |
European Union countries Foreign economic relations Europe, Eastern |
Europe, Eastern Foreign economic relations European Union countries |
Europe, Eastern Economic conditions 1989- |
Czech Republic |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Bibliographic Level Mode of Issuance: Monograph |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help speed up convergence. We find that the EU funds need to bedirected predominantly to investment rather than to income support and that to bestaccompany the EU fund inflows, the policy-mix would need to combine counter-cyclicalpolicy with a strong commitment to the existing monetary regime. |
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