The Central and Eastern European Countries and the European Union

Analyses the likely economic effects of the ten Central and Eastern European countries entering the European Union in 2004.

Michael Artis (Edited by), Anindya Banerjee (Edited by), Massimiliano Marcellino (Edited by)

9780521849548, Cambridge University Press

Hardback, published 17 March 2006

424 pages
23.5 x 16 x 3 cm, 0.806 kg

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

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.

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 Fontagné 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 Vayá and Jordi Suriñach
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 Raúl Ramos and Jordi Suriñach
7. Monetary transmission in the new Member States Raúl Ramos and Jordi Suriñach
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 López-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.

Subject Areas: International economics [KCL], Macroeconomics [KCB], EU & European institutions [JPSN2], Regional studies [GTB]