THE CENTRAL AND EASTERN EUROPEAN COUNTRIES AND THE EUROPEAN UNION ARTIS M. BANERJEE A. MARCELLINO M. Księgarnia

The accession of ten new members to the European Union on May 1st 2004 is among the most significant developments in the history of European integration.

Based upon studies conducted by the European Forecasting Network, this book analyses key aspects of the impact of this recent enlargement with reference to eight of the ten new Member States, namely the Central and Eastern European countries (CEECs). It demonstrates that the enlargement could have profound consequences on both the new Member States and on the pre-accession members of the Union, given the unparalleled magnitude of the enlargement, the fact that the CEECs have levels of prosperity and economic development well below the Union average, and their history of participation in centrally planned regimes. The contributions examine regional policy, the debate about accession to the EMU, the macroeconomic trajectories of the Central and Eastern European economies to date and their likely future development.

Table of Contents

Figures; Tables; Contributors; Acknowledgements; Introduction;
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 Fontagnç?d Paolo Zanghieri;
3. Changes in the spatial distribution patterns of European regional activity: the enlargements of the mid-eighties and 2004 Toni Mora, Esther Vayiż˝nd Jordi Suriđ o ;
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 Raiż˝mos and Jordi Suriđ o ;
7. Monetary transmission in the new Member States Raiż˝mos and Jordi Suriđ o ;
8. Promoting fiscal restraint in three Central European Member States Emilio Rossi and Zbyszko Tabernacki;
9. Current accounts dynamics in new EU members 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 LoŻnş-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.

424 pages, Paperback

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