The Central and Eastern European Countries and the European Union

by Edited by Michael Artis , Anindya Banerjee , Massimiliano Marcellino

• ISBN13: 9780521142052
• ISBN10: 0521142059
• Edition: Revised
• Format: Paperback
• Copyright: 2010-04-01
• Publisher: Cambridge University Press

Summary

The accession of ten new members to the European Union on May 1st 2004 was among the most significant developments in the history of European integration. Based upon studies conducted by the European Forecasting Network, this 2006 book analysed key aspects of the impact of this enlargement with reference to eight of the ten new Member States, namely the Central and Eastern European countries (CEECs). It demonstrated that the enlargement had the potential to create profound consequences for both the new Member States and the pre-accession members of the Union, given the unparalleled magnitude of the enlargement, the fact that the CEECs had levels of prosperity and economic development well below the Union average, and their history of participation in centrally planned regimes. The contributions examined regional policy, the debate about accession to the EMU, the macroeconomic trajectories of the Central and Eastern European economies and their likely development.

Table of Contents

List of figures

List of tables

Notes on contributors

Acknowledgements

Introduction

New member states: macroeconomic outlook and forecasts

The asymmetric impact of enlargement of old and new Member States: a general equilibrium approach

Changes in the spatial distribution patterns of European regional activity: the enlargements of the mid-1980s and 2004

Forecasting macroeconomic variables for the new Member States

The cyclical experience of the new Member States

Demand and supply shocks in the new Member States

Monetary transmission in the new Member States

Promoting fiscal restraint in three Central European Member States

Current accounts dynamics in new Members State

Challenges to banking sector stability in selected new Member States

Infrastructure investments as a tool for regional development policy: lessons from the Spanish evidence

TFP, costs and public infrastructure: an equivocal relationship

Regional policies after the EU enlargement

Index

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