04098oam 22010694 450 991078834580332120230721045642.01-4623-5579-X97866128417431-4527-4605-21-282-84174-21-4518-7081-7(CKB)3170000000055112(SSID)ssj0000944164(PQKBManifestationID)11528601(PQKBTitleCode)TC0000944164(PQKBWorkID)10983861(PQKB)11054024(OCoLC)762488019(MiAaPQ)EBC1586700(IMF)WPIEE2008223(EXLCZ)99317000000005511220020129d2008 uf 0engurcnu||||||||txtccrMacroeconomic Effects of EU Transfers in New Member StatesWashington, D.C. :International Monetary Fund,2008.1 online resource (59 pages) illustrationsIMF Working PapersIMF working paper ;WP/08/223Bibliographic Level Mode of Issuance: Monograph1-4519-1534-9 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2008/223Transfer paymentsEurope, EasternConvergence (Economics)Europe, EasternForeign ExchangeimfMacroeconomicsimfPublic FinanceimfAggregate Factor Income DistributionimfNational Government Expenditures and Related Policies: InfrastructuresimfOther Public Investment and Capital StockimfMacroeconomics: ConsumptionimfSavingimfWealthimfFiscal PolicyimfPublic finance & taxationimfCurrencyimfForeign exchangeimfIncomeimfPublic investment spendingimfConsumptionimfReal exchange ratesimfFiscal policyimfPublic investmentsimfEconomicsimfEuropean Union countriesForeign economic relationsEurope, EasternEurope, EasternForeign economic relationsEuropean Union countriesEurope, EasternEconomic conditions1989-Czech RepublicimfTransfer paymentsConvergence (Economics)Foreign ExchangeMacroeconomicsPublic FinanceAggregate Factor Income DistributionNational Government Expenditures and Related Policies: InfrastructuresOther Public Investment and Capital StockMacroeconomics: ConsumptionSavingWealthFiscal PolicyPublic finance & taxationCurrencyForeign exchangeIncomePublic investment spendingConsumptionReal exchange ratesFiscal policyPublic investmentsEconomics338.947DcWaIMFBOOK9910788345803321Macroeconomic Effects of EU Transfers in New Member States3716509UNINA