01613cas a2200241 a 4500 AALejournalIMF005337 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870817 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Macroeconomic Effects of EU Transfers in New Member States. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (57 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 Large inflows from the European Union to the New Member States are likely to significantlyimpact macroeconomic outcomes. In this paper, we use the IMF's Global Integrated Monetaryand Fiscal model (GIMF) to analyze the impact of the transfers and show the conditionsunder which they would help speed up convergence. We find that the EU funds need to bedirected predominantly to investment rather than to income support and that to bestaccompany the EU fund inflows, the policy-mix would need to combine counter-cyclicalpolicy with a strong commitment to the existing monetary regime. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/223 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/223/001.2008.issue-223-en.xml IMF e-Library