LEADER 04098oam 22010694 450 001 9910788345803321 005 20230721045642.0 010 $a1-4623-5579-X 010 $a9786612841743 010 $a1-4527-4605-2 010 $a1-282-84174-2 010 $a1-4518-7081-7 035 $a(CKB)3170000000055112 035 $a(SSID)ssj0000944164 035 $a(PQKBManifestationID)11528601 035 $a(PQKBTitleCode)TC0000944164 035 $a(PQKBWorkID)10983861 035 $a(PQKB)11054024 035 $a(OCoLC)762488019 035 $a(MiAaPQ)EBC1586700 035 $a(IMF)WPIEE2008223 035 $a(EXLCZ)993170000000055112 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMacroeconomic Effects of EU Transfers in New Member States 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (59 pages) $cillustrations 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/223 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1534-9 320 $aIncludes bibliographical references. 330 3 $aLarge inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help speed up convergence. We find that the EU funds need to bedirected predominantly to investment rather than to income support and that to bestaccompany the EU fund inflows, the policy-mix would need to combine counter-cyclicalpolicy with a strong commitment to the existing monetary regime. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/223 606 $aTransfer payments$zEurope, Eastern 606 $aConvergence (Economics)$zEurope, Eastern 606 $aForeign Exchange$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aAggregate Factor Income Distribution$2imf 606 $aNational Government Expenditures and Related Policies: Infrastructures$2imf 606 $aOther Public Investment and Capital Stock$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aSaving$2imf 606 $aWealth$2imf 606 $aFiscal Policy$2imf 606 $aPublic finance & taxation$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aIncome$2imf 606 $aPublic investment spending$2imf 606 $aConsumption$2imf 606 $aReal exchange rates$2imf 606 $aFiscal policy$2imf 606 $aPublic investments$2imf 606 $aEconomics$2imf 607 $aEuropean Union countries$xForeign economic relations$zEurope, Eastern 607 $aEurope, Eastern$xForeign economic relations$zEuropean Union countries 607 $aEurope, Eastern$xEconomic conditions$y1989- 607 $aCzech Republic$2imf 615 0$aTransfer payments 615 0$aConvergence (Economics) 615 7$aForeign Exchange 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aAggregate Factor Income Distribution 615 7$aNational Government Expenditures and Related Policies: Infrastructures 615 7$aOther Public Investment and Capital Stock 615 7$aMacroeconomics: Consumption 615 7$aSaving 615 7$aWealth 615 7$aFiscal Policy 615 7$aPublic finance & taxation 615 7$aCurrency 615 7$aForeign exchange 615 7$aIncome 615 7$aPublic investment spending 615 7$aConsumption 615 7$aReal exchange rates 615 7$aFiscal policy 615 7$aPublic investments 615 7$aEconomics 676 $a338.947 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788345803321 996 $aMacroeconomic Effects of EU Transfers in New Member States$93716509 997 $aUNINA