The paper by Klyviene examines the prospects for budgetary policy in Lithuania. It evaluates the recent evolution of public debt and provides estimates concerning contingent liabilities. The paper also examines demographic trends and points to a sizeable increase in the dependency ratio. It also...

This paper aims to investigate the effects of various fiscal policy measures for small and open economies by analysing the implications of fiscal shocks in the Baltic countries based on data for the period from 1995 to 2018. For this purpose, we have chosen structural VAR estimation methods...