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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
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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
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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