Warianty tytułu
Economic overview of EU-8 in 2003
Języki publikacji
Abstrakty
Przeanalizowano politykę fiskalną i monetarną w krajach grupy EU-8. W jej skład wchodzi pięć krajów Europy Środkowej (Polska, Węgry, Czechy, Słowacja, Słowenia) oraz trzy kraje bałtyckie (Litwa, Łotwa i Estonia).
The article presents selected macroeconomic data for the economies of five Central European countries: Poland, Hungary, the Czech Republic, Slovakia, Slovenia and three Baltic states: Lithuania, Latvia and Estonia. As regards their fiscal and monetary policies, the countries can be classified into two groups: Central European countries with laxer fiscal policies and monetary policies focused on the inflation target, and the Baltic states, with more restricted fiscal policies and FX strategies implemented in the monetary policies. The differences in the economic policy are related to a different economic situation in those countries. The Baltic countries enjoy a stable fiscal situation but the fast growth of domestic demand significantly increases the current account deficit to a level that raises concern. On the other hand, the Czech Republic, Poland and Hungary have to tackle the problem of budget deficit. Developments common to most of the countries include the increasing dynamics of the economic growth, combined with a high unemployment rate and a low inflation. (original abstract)
Twórcy
autor
Bibliografia
- 1. €uro-indicators. First notification of deficit and debt data for 2003.16 marca 2004, Eurostat.
- 2. Economic distress in Poland. United Nations Economic Commission for Europe, 2001 No. 1, s. 63-69, New York, Geneva.
- 3. Economic Survey of Europe. United Nations Economic Commission for Europe, 2002 No. 1, s. 63-69, New York, Geneva.
- 4. Economic Survey of Europe. United Nations Economic Commission for Europe, 2003 No. 1, s. 63-69, New York, Geneva.
- 5. Economic Survey of Europe. United Nations Economic Commission for Europe, 2004 No. l, s. 47-89, New York, Geneva.
- 6. T. Eic, M. Rubaszek (2003): Analiza wpływu deprecjacji kursu złotego na wskaźnik cen konsumpcyjnych (CPI), notatka Departamentu Analiz Makroekonomicznych i Strukturalnych NBP z 13.03.2003 r.
- 7. J. A. Frankel (1999): No single currency regime is right for all countries or at all times. NBER Working Paper No 7148.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
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