Accession to the Monetary Union and Slovenian Monetary Policy Under Exchange Rate Targeting

After joining the EU in 2004, Slovenia and other new members will have to adopt the euro. Their accession to the European Monetary Union will require stabilizing and later fixing their exchange rates and thus restrictive monetary policy. The paper shows that successful stabilization of the exchange rate also requires restrictive fiscal policy. Fiscal policy that is not compatible with the goals of monetary policy would prevent stabilization of the exchange rate.

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Year of publication:	2004
Authors:	Mikek, Peter
Published in:	Prague Economic Papers. - Vysoká Škola Ekonomická v Praze, ISSN 1210-0455. - Vol. 2004.2004, 2, p. 176-186
Publisher:	Vysoká Škola Ekonomická v Praze
Subject:	inflation targeting \| price level \| fiscal regime \| monetary union \| monetary policy reaction function \| monetary feedback \| exchange rate targeting

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Extent:	text/html
Type of publication:	Article
Language:	English
Classification:	E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; F40 - Macroeconomic Aspects of International Trade and Finance. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005036501