This book presents an assessment of the fiscal policy challenges facing the Central and East European (CEE) countries as they attempt to negotiate their entry in the European Union. The first part centers around an evaluation of the fiscal situation in these countries: its dynamic development, comparisons between these countries, and the wider European context. The second part investigates the relationship between fiscal policy and the overall success of economy-wide restructuring in terms of social expenditures and the role of fiscal policy in macroeconomic stabilization, including sterilization policies. This is a succinct yet comprehensive account of the fiscal situation in CEE, of interest to anyone concerned with the economics and politics of the region.

Fiscal Policy in Transition: Forum Report of the Economic Policy Initiative No. 3

Business & Money

Coricelli, Fabrizio

Economics

Centre for Economic Policy Research

MacRoeconomic Policies and the Development of Markets in Transition Economies

In transition countries, the author evaluates macroeconomic policies in relation to their impact on the development of markets.

Macroeconomic Policies and the Development of Markets in Transition Economies

Central European University Press

Presenting an integrated view of transition based on a unified analytical framework, this text evaluates the experience of several transition economies. The author's view of transition emphasizes the connection between peculiar initial conditions and the effects of market reforms. Taking the starting point of underdeveloped markets and market institutions, he evaluates macroeconomic policies in relation to their impact on the development of markets. He stresses particularly financial markets, the "missing" market under the system of central planning and highlights fundamental trade-offs for economic policy, which can play a crucial role in determining the success of reforms. Intensity and timing of reform measures, he argues, should be adapted to different situations.

Macroeconomic Policies and the Development of Markets in Transition Economics

Central European University Pr

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Books by Coricelli, Fabrizio