This book analyzes economic interdependence in the Euro Area. It offers expert estimates of the sign and size of economic spillovers. Moreover, the authors explore the impact of economic policy coordination on economic performance in the Euro Area. Among the many topics explored are the link between fiscal and monetary policies in the Euro Area and the coordination of fiscal policies and of structural reforms.

This book analyzes economic interdependence in the Euro Area. It offers expert estimates of the sign and size of economic spillovers. Moreover, the authors explore the impact of economic policy coordination on economic performance in the Euro Area. Among the many topics explored are the link between fiscal and monetary policies in the Euro Area and the coordination of fiscal policies and of structural reforms.

The book describes a quarterly macroeconometric multi-country model for Croatia, Bosnia and Herzegovina, Slovenia and Serbia. The model is tested by evaluating its ability to reproduce the endogenous variables in an ex post simulation. Furthermore, economic policy simulations are performed to analyse (i) islated vs. coordinated fiscal policies, (ii) the future of the euro area and impacts on Slovenia and Serbia, (iii) budgetary consolidation strategies for Slovenia, (iv) how to cope with population ageing, and (iv) impacts of Croatia's EU accession. Klaus Weyerstrass is senior researcher at...