Projects / Programmes
Macroeconomic implications of full EU membership
| Code |
Science |
Field |
Subfield |
| 5.02.00 |
Social sciences |
Economics |
|
| Code |
Science |
Field |
| S180 |
Social sciences |
Economics, econometrics, economic theory, economic systems, economic policy |
EU, exchange rate, monetary system, fiscal system, labor market, capital market, econometrics
Researchers (7)
Organisations (1)
| no. |
Code |
Research organisation |
City |
Registration number |
No. of publicationsNo. of publications |
| 1. |
0541 |
EIPF, Economic Institut |
Ljubljana |
5051452000 |
1,703 |
Abstract
The goal of the research project is macro-econometric analysis of full EU membership and suggestions of proper changes in economic system and policy. EIPF has in two projects »Economic Policy of Small Open Economy in Transition« and »Economics of Integration« analyzed development before and after independence; important parts of the existing economic system (monetary, fiscal and exchange rate) are based on the results of these analyses. Full EU membership will bring new changes into economic mechanism to the sectors which have remained »Slovenian«: trade, banking, insurance, energy, agriculture, food processing, telecommunications and transportation, and to the labor and capital markets. Even more dramatic will be changes of economic system and policy. Membership will, for example, abolish the existing pillars of the monetary system – exogenous money supply and endogenous exchange rate determination, implying basic changes in the instruments of the monetary policy. Coexistence of centralized monetary system and dispersed decision making in fiscal sphere has remained unsolved; »normal« reactions of a member state to its economic performances (the case of Ireland) is in a conflict with common interests; the real issues will appear during recession when some countries are likely to abandon the existing ideology of balanced budget.
