School of Slavonic and East European Studies

School of Slavonic and East European Studies

UniversityCollegeLondon

Polish EU Accession in Comparative Perspective: Macroeconomics, Finance and the Government

edited by

Piotr Jaworski and Tomasz Mickiewicz

This book is a collection of papers that focus on the macroeconomic and financial aspects of EU accession of its largest new member, Poland, seen in comparative perspective. Two main themes are covered. One relates to empirical estimations, evaluating the effects of integration on fiscal balance, prices, seigniorage wealth and FDI flows. The second theme relates to institutional reform and policy recommendations. Discussion focuses on how transparency and fiscal rules, including those implied by EU accession, may help to reduce the deficit bias in fiscal policy; what is the institutional framework for low inflation and how to make the insurance sector regulation more efficient, including its implications for insurance offer for small and medium-size enterprises. Last but not least, the Irish model of development and the role of the foreign direct investment in it is discussed, including the applicability of the Irish policy in Poland and other new EU member states.

THE AUTHORS

Piotr Marek Jaworski graduated from the Warsaw School of Economics (MA), London School of Economics and Political Science (MSc) and University of Minnesota (MBA). Between 1995 and 2003, he worked for Polish Ministry of Finance as an Adviser to the Minister and the Warsaw School of Economics as an Assistant Professor. He is currently at the Management School of Birkbeck College, University of London.

Tomasz Marek Mickiewicz coordinates the Centre for the Study of Economic and Social Change in Europe and is also Senior Lecturer in Economic Restructuring at the Department of Social Sciences, School of Slavonic and East European Studies at University College London, London, UK. He is an affiliate of the CASE Institute and publishes on comparative economic systems. His previous book wasEconomic Transition in Central Europe and the Commonwealth of Independent States (Palgrave Macmillan, November 2005).

THE CONTENTS

Tomasz Mickiewicz and Piotr Jaworski

Macroeconomics and Finance after Accession. Lessons for the InstitutionBuilding and Policy.

Rafal Benecki, Jens Hölscher and Mariusz Jarmuzek

Fiscal Transparency and Policy Rules In Poland

Małgorzata Antczak

Fiscal Effects of Joining the EU: Accession Countries

Janet Ilieva and Andros Gregoriou

Central Bank Independence and Inflation Performance in Transition Economies: New Evidence from a Primary Data Approach

Stanislaw Kluza, Mateusz Mokrogulski and Michal Ramsza
From Slowdown To Recovery. Fluctuations of Consumer and Producer Prices. The Case of Poland (1997–2004)

Jarosław Janecki and Jacek Cukrowski

Generation of Seigniorage Wealth before and after Euro Area Accession: The Case of Poland

Tom Giblin and Frank Barry

FDI Inflows after EU Accession: Drawing on the Irish Experience

Marzenna Weresa

EU Eastern Enlargement and Foreign Direct Investment Flows

Piotr Jaworski and Jaroslaw Wierzbicki

Polish Insurance Market – the Challenge of EU Accession and Formal Adaptation

Teresa Bednarczyk

The Insurance Sector for SMEs after Poland’s Accession to the European Union