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On the Fast Track to EU Accession : Macroeconomic Effects and Policy Challenges for Estonia
Taube, Günther - 1999
This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU …-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are … Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand …
Persistent link: https://www.econbiz.de/10014400750
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Globalization Drives Strategic Product Switching
Moreno Badia, Marialuz - 2008
Using firm-level data for Estonia for the years 1997-2005, we analyze the impact of international competition on firm …
Persistent link: https://www.econbiz.de/10014401739
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The Missing Link Between Financial Constraints and Productivity
Moreno Badia, Marialuz - 2009
-level productivity, focusing on the case of Estonia. We contribute to the literature in two important respects: (i) we look explicitly at …
Persistent link: https://www.econbiz.de/10014402569
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Assessing the Risk of Private Sector Debt Overhang in the Baltic Countries
Herzberg, Valerie - 2010
Between 2000 and 2007 nonfinancial private sector credit expanded rapidly in the Baltic countries, resulting in a non-negligible build-up of debt. Could this legacy debt hold back the economic recovery of the region? This paper analyzes the setting in each of the three countries and, with the...
Persistent link: https://www.econbiz.de/10014402659
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Monetary Impact of a Banking Crisis and the Conduct of Monetary Policy
García-Herrero, Alicia - 1997
The experiences of seven countries that have undergone banking crises show that crises have significant implications for the short-run stability of the demand for money, the money multiplier, the transmission mechanism, and the signal variables of monetary policy. Monetary and credit...
Persistent link: https://www.econbiz.de/10014403284
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Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09
Purfield, Catriona - 2010
The paper traces the Baltics’ adjustment strategy during the 2008-09 global financial crisis. The abrupt end to the externally-financed domestic demand boom triggered a severe output collapse, bringing per capita income levels back to 2005/06 levels. In response to this shock, the Baltics...
Persistent link: https://www.econbiz.de/10014397545
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The Estonian Currency Board : Its Introduction and Role in the Early Success of Estonia's Transition to a Market Economy
Sutt, Andres - 2002
, 1992, Estonia became the first country from the former Soviet Union to abandon the Russian ruble and introduce its own … assesses the economic impact of the reform and also compares Estonia''s experience with that of its Baltic neighbors. It … concludes that although the currency board arrangement made an important contribution to the early success of Estonia …
Persistent link: https://www.econbiz.de/10014399419
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Global value chains and productivity : micro evidence from Estonia
Banh, Hang T.; Wingender, Philippe; Gueye, Cheikh - 2020
participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the … are important to raise aggregate productivity and potential growth in Estonia …
Persistent link: https://www.econbiz.de/10012252668
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Now or later? : the political economy of public investment in democracies
Gupta, Sanjeev; Liu, Estelle; Mulas Granados, Carlos - 2015
This paper explores the impact of political and institutional variables on public investment. Working with a sample of 80 presidential and parliamentary democracies between 1975 and 2012, we find that the rate of growth of public investment is higher at the beginning of electoral cycles and...
Persistent link: https://www.econbiz.de/10011373913
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Populism and civil society
Boeri, Tito; Mishra, Prachi; Papageorgiou, Chris; … - 2018
factor in a healthy liberal democracy. We ask two questions: 1) do individuals who are members of civil associations vote …
Persistent link: https://www.econbiz.de/10011978365