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Monetary Transmission Mechanism in Estonia - Some Theoretical Considerations and Stylized Aspects

Lättemäe, Raoul - EconWPA - 2002

The monetary system in Estonia is based on the currency board arrangement with German Mark. The strong commitments and … rule-based features of currency board imply that there is no active monetary policy in Estonia – all necessarily monetary …

Persistent link: https://www.econbiz.de/10005076744

Digital Divide in Estonia and How To Bridge It

Kalkun, Mari; Kalvet, Tarmo - EconWPA - 2004

Estonia is one of the most rapidly developing information societies in Central and Eastern Europe. Still, 61% of the … PRAXIS Center for Policy Studies from January to July 2002. The research was commissioned and financed by the Open Estonia … Foundation, the Look@World Foundation and the State Chancellery of the Republic of Estonia. It was co-financed by the …

Persistent link: https://www.econbiz.de/10005407742

Taxation, growth and welfare: Dynamic effects of Estonia’s 2000 income tax act

Funke, Michael; Strulik, Holger - EconWPA - 2004

This paper analyses the long-run effects of Estonia’s 2000 Income Tax Act with a dynamic general equilibrium model …

Persistent link: https://www.econbiz.de/10005412671

Choice of ownership structure and firm performance: Evidence from Estonia

Jones, Derek C.; Kalmi, Panu; Mygind, Niels - EconWPA - 2003

the view that efficiency considerations drive ownership changes (while earlier analysis for Estonia and for many other …

Persistent link: https://www.econbiz.de/10005412700

The Estonian ICT Manufacturing and Software Industry: Current State and Future Outlook

Kalvet, Tarmo - EconWPA - 2004

candidate countries. It aims to describe the ICT manufacturing and software industry in Estonia and also throw light on how this …

Persistent link: https://www.econbiz.de/10005550990

The History and Sustainability of the CBA in Estonia

Sepp, Urmas; Lättemäe, Raoul; Randveer, Martti - EconWPA - 2002

Estonia has had a currency board arrangement (CBA) for more than 10 years. Due to the successful performance of the … Estonian economy under a CBA the current position of the Bank of Estonia is to maintain its exchange rate regime until full … participation in the EMU, inter alia, during Estonia’s participation in ERM 2. Therefore, it is necessary to analyse the reasons for …

Persistent link: https://www.econbiz.de/10005561193

The Nature of the ADAS Model Based on the ISLM Model

Rao, B Bhaskara - EconWPA - 2005

The aggregate demand and supply model (ADAS) is interpreted as a synthesis of the Keynesian and neoclassical models. It uses the ISLM model, without explaining its nature, to derive aggregate demand (AD). It is combined with an aggregate supply (AS) curve to explain price- inflation and output...

Persistent link: https://www.econbiz.de/10005124997

Making The Pact More Flexible: Can It Lead to Less Flexible Fiscal Policies?

Mackiewicz, Michal - EconWPA - 2005

One of the most often discussed features of the Stability and Growth Pact is the rigidity of its 3% deficit rule. In the recent time several reform proposals aim at alleviating the rule in order to allow more room for the automatic stabilizers to operate. As the 3% limit became in the recent...

Persistent link: https://www.econbiz.de/10005126267

Inflation, Output Growth, and Stabilization in Turkey, 1980-2002

Dibooglu, Sel; Kibritcioglu, Aykut - EconWPA - 2003

Using a dynamic aggregate supply and aggregate demand model with imperfect capital mobility and structural VARs, we decompose inflation and output movements into those attributable to terms of trade, supply, balance-of-payments, fiscal, and monetary shocks. Empirical results show that terms of...

Persistent link: https://www.econbiz.de/10005126299

Is Europe Doomed to Stagnation? An Analysis of the Current Crisis and Recommendations for Reforming Macroeconomic Policymaking in Euroland

Bibow, Joerg - EconWPA - 2003

This paper challenges the view that external shocks caused Euroland's 2001 slowdown and subsequent stagnation. Instead, the design of Euroland's macro policymaking arrangements is found lacking in looking after sufficient domestic demand growth. In the event the ECB has failed on its...

Persistent link: https://www.econbiz.de/10005408121