Macroeconomic effects of Slovenia’s integration in the Euro Area

Weyerstrass, KlausORCID: and Neck, Reinhard (2008) Macroeconomic effects of Slovenia’s integration in the Euro Area. Empirica, 35 (4), pp. 391-403.

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On 1 January 2007, Slovenia entered the Euro Area 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 which macroeconomic effects can be expected from this event. It is shown that Euro Area accession brings about temporarily higher real GDP growth, a permanently higher GDP level, more employment, temporarily lower inflation and a permanently lower price level. On the other hand, both public finances and the current account deteriorate.

Item Type: Article in Academic Journal
Additional Information (public): Issue topic: Economic Policy Problems in the European Union
Keywords: Euro Area, macroeconometric model, Slovenia
Classification Codes (e.g. JEL): C53, E17, F15
Date Deposited: 27 Aug 2015 13:41
Last Modified: 05 Jul 2019 08:38
DOI: 10.1007/s10663-008-9072-5
ISSN: 0340-8744 (Print), 1573-6911 (Online)

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