2004 OECD Economic Surveys: Czech Republic 2004

image of OECD Economic Surveys: Czech Republic 2004

OECD's periodic survey of the Czech economy. This issue's special feature covers migration. The survey opens with a detailed review of economic conditions and policy challenges and is followed by an assessment of fiscal policy, public expenditure reform, and the Czech strategy for adopting the Euro. Four additional chapters assess Czech policy towards business, employment, immigration, and the environment.

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Policy for a Smooth Entry to the Euro Area

The Czech Republic, along with the other nine recent members of the European Union, is committed to joining the euro area and in broad terms also committed to undertake policies which facilitate entry. These are certainly not unwelcome conditions of EU membership. Indeed there is little doubt that there are potentially significant economic benefits, not only because of gains from joining a large currency area but also because the conditions for entry encourage maintaining low and stable inflation, and reductions in government deficit and debt that in themselves would improve growth...

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