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Forecasting economic activity for Estonia : The application of dynamic principal component analyses

Schulz, Christian - Eesti Pank - 2008

series on the Estonian economy. In order to improve forecasting of economic activity in Estonia, we derive a leading …

Persistent link: https://www.econbiz.de/10005157585

Liquidity Constrains and Ricardian Equivalence in Estonia

Kaadu, Hannes; Uusküla, Lenno - Eesti Pank - 2004

This paper aims to find evidence of the influence of government deficit on private consumption in Estonia. The data … both of these hypotheses in Estonia. Further efforts to test liquidity constraints should concentrate on using micro data. …

Persistent link: https://www.econbiz.de/10005187639

Forecasting economic growth for Estonia : application of common factor methodologies

Schulz, Christian - Eesti Pank - 2007

In this paper, the application of two different unobserved factor models to a data set from Estonia is presented. The … economic growth for Estonia are performed and evaluated against benchmark models for different estimation and forecasting …

Persistent link: https://www.econbiz.de/10005187653

Firm entry and liquidity

Uuskyla, Lenno - Eesti Pank - 2007

This paper shows that fewer firms enter after a contractionary liquidity shock and that firm entry reacts quicker to liquidity than the economic activity indicator. The results are obtained by using Estonian data for the period 1995M1–2006M7. Various structural VAR and VECM models are...

Persistent link: https://www.econbiz.de/10005650110

EMMA - A Quarterly Model of the Estonian Economy

Kattai, Rasmus - Eesti Pank - 2005

tasks, the emphasis has been put on capturing the main characteristics of the Estonian economy. The model describes a very … small and open economy, in which long run economic growth and inflation are strongly influenced by real and nominal …

Persistent link: https://www.econbiz.de/10005650112

Estimating the equilibrium exchange rate of the Estonian kroon

Hinnosaar, Marit; Kaadu, Hannes; Uusküla, Lenno - Eesti Pank - 2005

The paper presents empirical estimations of the equilibrium exchange rate of the Estonian kroon. The behavioural equilibrium exchange rate (BEER) approach is used to analyse the dynamics of the real effective exchange rate in the time period from 1995 to 2002. The estimates range from a 15%...

Persistent link: https://www.econbiz.de/10005650116

Euro Area monetary policy transmission in Estonia

Errit, Gertrud; Uusküla, Lenno - Eesti Pank - 2013

policy shocks in Estonia. …

Persistent link: https://www.econbiz.de/10010721192

Survey evidence on wage and price setting in Estonia

Dabušinskas, Aurelijus; Rõõm, Tairi - Eesti Pank - 2011

In this paper, we give a comprehensive overview of wage and price adjustment practices in Estonia, drawing from two …-level descriptive evidence for several institutional and structural characteristics of the Estonian economy such as unionisation and …

Persistent link: https://www.econbiz.de/10009024791