01797cas a2200253 a 4500 AALejournalIMF001077 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451857382 1018-5941 BD-DhAAL BD-DhAAL Taube, Gunther. On the Fast Track to EU Accession : Macroeconomic Effects and Policy Challenges for Estonia / Gunther Taube, Rene Weber. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses the macroeconomic impact and policy challenges related to Estonia's prospective accession to the EU and its potential adoption of the euro. Our analysis of the trade, financial, and fiscal channels includes a model-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are likely to outweigh the drawbacks of more pronounced macroeconomic imbalances that could accompany this process. To smooth Estonia's accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand pressures, promoting saving, and ensuring efficient public investment. Mode of access: Internet Weber, Rene. IMF Working Papers; Working Paper ; No. 1999/156 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/156/001.1999.issue-156-en.xml IMF e-Library