The Slovak economy experienced a strong but short recession in 2009. The recovery afterwards was driven by exports and … are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies …

From 2000 to 2007, Estonia was one of the fastest growing emerging market economies. A housing boom, fuelled by capital … board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy framework amplified the cycle … tightened lending standards and capital outflows. Estonia is now in a severe recession. To restore high and sustainable growth …

structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen …Estonia gave up the exchange rate and monetary policy tools of macroeconomic management when it introduced its currency … country’s policy agenda. However, shocks affecting Estonia are only weakly synchronized with those of the euro area, and the …

The Slovak economy experienced a strong but short recession in 2009. The recovery afterwards was driven by exports and … are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies …

structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen …Estonia gave up the exchange rate and monetary policy tools of macroeconomic management when it introduced its currency … country’s policy agenda. However, shocks affecting Estonia are only weakly synchronized with those of the euro area, and the …

From 2000 to 2007, Estonia was one of the fastest growing emerging market economies. A housing boom, fuelled by capital … board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy framework amplified the cycle … tightened lending standards and capital outflows. Estonia is now in a severe recession. To restore high and sustainable growth …

Estonia has already experienced many benefits of increasing international integration, most obviously in significant … convergence. From the Russian crisis in 1998 to the great recession in 2009 Estonia gained an impressive 20% in GDP per capita … recession Estonia’s gap in income and productivity levels compared with the EU average was still around 30% and as the country …

provided. We test both hypotheses using calibrated general equilibrium models of the British economy and the rest of the world …