The aim of the article is to assess the international competitiveness of the Baltic States (Estonia, Latvia, Lithuania …, Estonia was found to be most competitive in this regard, although in Latvia some progress was observed. In contrast, Lithuania …-technology goods, while the number of advantages for Estonia and Latvia was relatively small. Still, among the three Baltic States …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …