Macroeconomic Consequences of the Adoption of the Euro: The Case of Slovenia

Weyerstrass, Klaus and Neck, Reinhard (2008) Macroeconomic Consequences of the Adoption of the Euro: The Case of Slovenia. International Advances in Economic Research, 14 (1), pp. 1-10.

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Abstract or Table of Contents

On 1 January 2007, Slovenia adopted the euro as the first of the ten new EU member states. By means of simulations with SLOPOL6, a macroeconometric model of the Slovene economy, this paper examines the macroeconomic consequences that can be expected from this event. It is shown that after a short period of minor turbulences related to the introduction of the euro, the adoption of the euro brings about higher real GDP growth, a higher GDP level, more employment, lower inflation, a lower price level and improved public finances in the medium run. On the other hand, the current account deteriorates.

Item Type: Article in Academic Journal
Keywords: Euro Area, macroeconometric model, Slovenia
Classification Codes (e.g. JEL): C53, E17, F15
Status: Published
Date Deposited: 27 Aug 2015 13:44
Last Modified: 01 Apr 2016 14:20
URI: http://irihs.ihs.ac.at/id/eprint/3571

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