This chapter discusses key macroeconomic trends in the Baltic states before and after their accession to the European Union in 2004. The countries have seen rapid economic growth, and the income gap with the EU countries in Western Europe has narrowed substantially. The convergence process has...

This paper empirically examines the impact of labour market counter-reforms on real GDP per capita and employment growth in 25 OECD countries between 1973 and 2012. We use a novel, narrative-based dataset of reform indicators and apply the local projections approach. We consider not only...