The Central and Eastern European Countries and the European Union

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März 2006



Based upon studies conducted by the European Forecasting Network, this book analyses key aspects of the impact of the recent EU enlargement with reference to eight of the ten new Member States, namely the Central and Eastern European countries. It examines themes such as regional policy, the macroeconomic trajectories of these economies to date and their likely future development and the debate about EMU accession. The book demonstrates that the enlargement could have profound consequences on both the new Member States and on the pre-accession members of the European Union.


List of figures; List of tables; Notes on contributors; Acknowledgements; Introduction Michael Artis, Anindya Banerjee and Massimiliano Marcellino; 1. New member states: macroeconomic outlook and forecasts Emilio Rossi and Zbyszko Tabernacki; 2. The asymmetric impact of enlargement of old and new Member States: a general equilibrium approach Mohamed Hedi Bchir, Lionel Fontagne and Paolo Zanghieri; 3. Changes in the spatial distribution patterns of European regional activity: the enlargements of the mid-1980s and 2004 Toni Mora, Esther Vaya and Jordi Surinach; 4. Forecasting macroeconomic variables for the new Member States Anindya Banerjee, Massimiliano Marcellino and Igor Masten; 5. The cyclical experience of the new Member States Michael Artis, Massimiliano Marcellino and Tommaso Proietti; 6. Demand and supply shocks in the new Member States Raul Ramos and Jordi Surinach; 7. Monetary transmission in the new Member States Raul Ramos and Jordi Surinach; 8. Promoting fiscal restraint in three Central European Member States Emilio Rossi and Zbyszko Tabernacki; 9. Current accounts dynamics in new Members State Paolo Zanghieri; 10. Challenges to banking sector stability in selected new Member States Charles Movit; 11. Infrastructure investments as a tool for regional development policy: lessons from the Spanish evidence Rosina Moreno, Enrique Lopez-Bazo and Manuel Artis; 12. TFP, costs and public infrastructure: an equivocal relationship Eliana La Ferrara and Massimiliano Marcellino; 13. Regional policies after the EU enlargement Michele Boldrin; Index.


Michael Artis is Professorial Fellow at the European University Institute in Florence. Anindya Banerjee is Professor at the European University Institute and a Fellow of Wadham College, Oxford. Massimiliano Marcellino is Associate Professor of Econometrics at Bocconi University in Milan.


Review of the hardback: 'The economic impacts of the recent enlargement of the European Union on both old and new member states have come to the forefront of political debate across Europe. This timely volume brings clear-headed depth to the subject, with its valuable and well-grounded analyses that draw on state-of-the art research by an international team of economists.' Helen Wallace, Director, Robert Schuman Centre for Advanced Studies, European University Institute Review of the hardback: 'This is a very useful book, containing a wealth of facts and insightful analysis on the economic structure of Central and Eastern European countries. I am sure the book will become standard reference for the policy discussion on how to respond to the challenges that these countries are facing with membership of the European Union and the European Monetary Union.' Lucrezia Reichlin, Director General Research, European Central Bank Review of the hardback: 'This book presents a thorough analysis of some of the most pertinent issues in the process of economic integration of the recently acceded Member States. It is a very timely and welcome contribution in a research area of high policy relevance.' Juergen Kroeger, European Commission
EAN: 9780521849548
ISBN: 0521849543
Untertitel: 92 tables. Sprache: Englisch.
Verlag: Cambridge University Press
Erscheinungsdatum: März 2006
Seitenanzahl: 424 Seiten
Format: gebunden
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