II. Macroeconomic Effects on Western Europe of the Opening Up of Eastern Europe: Some Simulation Results
Author:
Mr. Leonardo Bartolini https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Steven A. Symansky
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Language:
English
Print Publication Date:
15 Aug 1997
Keywords:
BOOK; inflation risk; OECD Europe; NAFTA debate; producer-interest specific; investment goods; nominal exchange rate; PCPE model; investment scenario; PCPEs lead; financing effort; investment equation; Exports; Consumption

Abstract

There is little doubt that the opening up of the previously centrally planned economies (PCPEs) and their transformation into market-oriented structures will ultimately have a profound impact on the economies of Western Europe and the rest of the industrialized world. Large investment opportunities in the East, large flows of world savings into this region, new markets for Western products, the normalization of the flow of primary products (mainly energy) from East to West, and ultimately a west-bound flow of manufactured products and savings are some of the channels through which the transformation of the PCPEs may affect the industrial countries.

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Cover Western Europe in Transition
Western Europe in Transition
Impact of Opening Up Eastern Europe
ISBN:
9781451954500
Publication Date:
15 Aug 1997
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781451954500.071
Pages:
190