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Adjustment Under a Currency Peg

Adjustment Under a Currency Peg »

Source: Adjustment Under a Currency Peg : Estonia, Latvia and Lithuania During the Global Financial Crisis 2008-09

Volume/Issue: 2010/213

Series: IMF Working Papers

Author(s): Catriona Purfield , and Christoph Rosenberg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

ISBN: 9781455205448

Keywords: Internal devaluation, boom bust, competitiveness, wage adjustment, global financial crisis, wage, benefits, wages, fiscal balance,

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 i...

Baltic Cluster Report: Staff Report for the 2014 Cluster Consultation

Baltic Cluster Report: Staff Report for the 2014 Cluster Consultation »

Source: Baltic Cluster Report : Staff Report for the 2014 Cluster Consultation

Volume/Issue: 2014/116

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2014

ISBN: 9781484377741

Keywords: structural unemployment, employment, export performance, labor market

This 2014 Cluster Consultation report examines common themes and challenges facing the three Baltic countries-Estonia, Latvia, and Lithuania. It identifies common features and common challenges, and discusses polic...

Health and Education Expenditures in Russia, the Baltic States, and the Other Countries of the Former Soviet Union

Health and Education Expenditures in Russia, the Baltic States, and the Other Countries of the Former Soviet Union »

Source: Health and Education Expenditures in Russia, the Baltic States, and the Other Countries of the Former Soviet Union

Volume/Issue: 1996/126

Series: IMF Working Papers

Author(s): Mark Horton

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1996

ISBN: 9781451936551

Keywords: expenditures, wages, wage, total expenditures, salaries

Russia, the Baltic states and the other countries of the former Soviet Union inherited health and education systems that were in need of substantial structural and financial reform. In spite of a sharp decline of r...

IMF Executive Board Concludes Article IV Consultation with the Republic of Estonia

IMF Executive Board Concludes Article IV Consultation with the Republic of Estonia »

Source: Republic of Estonia; Staff Report for the 2011 Article IV Consultation

Volume/Issue: 2011/333

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 November 2011

ISBN: 9781463925895

Keywords: unemployment, external debt, current account, employment, unemployment rate

The staff report for the 2011 Article IV Consultation concluded that a vibrant recovery marked Estonia's first year in the euro area, albeit amid nascent tensions. The economy's strong rebound has been grounded in...

IMF Executive Board Concludes 2014 Article IV Consultation with the Republic of Estonia

IMF Executive Board Concludes 2014 Article IV Consultation with the Republic of Estonia »

Source: Republic of Estonia : Staff Report for the 2014 Article IV Consultation

Volume/Issue: 2014/112

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2014

ISBN: 9781484373118

Keywords: labor market, public debt, tax wedge

This 2014 Article IV Consultation highlights that in 2013, Estonia's recovery from the crisis continued but at a slower pace. Real GDP growth was 0.8 percent, with private consumption providing the main support, al...

IMF Executive Board Concludes 2013 Article IV Consultation with the Republic of Estonia

IMF Executive Board Concludes 2013 Article IV Consultation with the Republic of Estonia »

Source: Republic of Estonia : 2013 Article IV Consultation

Volume/Issue: 2013/114

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 May 2013

ISBN: 9781484310380

Keywords: unemployment, employment, labor market, unemployment rate, long-term unemployment

Estonia has succeeded in reducing its macroeconomic imbalances and vulnerabilities, but faces the challenge of preserving its hard-earned fiscal and financial stability and enhancing long-term growth prospects. In...

IMF Executive Board Concludes 2019 Article IV Consultation with the Republic of Estonia

IMF Executive Board Concludes 2019 Article IV Consultation with the Republic of Estonia »

Source: Republic of Estonia : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Estonia

Volume/Issue: 2020/12

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2020

ISBN: 9781513526881

Keywords: External sector, Financial crises, National income, Financial markets, Financial soundness indicators, ISCR, CR, AML, CFT, wage growth

Th economy has performed well in recent years, supported by prudent management and effective structural reforms. Growth remains strong and unemployment is at a record low. Inflation is above the euro-area average,...

IMF Executive Board Concludes 2018 Article IV Consultation with the Republic of Estonia

IMF Executive Board Concludes 2018 Article IV Consultation with the Republic of Estonia »

Source: Republic of Estonia : 2018 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: 2018/125

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 May 2018

ISBN: 9781484357293

Keywords: Article IV consultation reports, Fiscal policy, Fiscal reforms, Public investment, Productivity, Labor supply, Financial sector, Income distribution, Gender, Economic indicators

This 2018 Article IV Consultation highlights that the economy of Estonia is gathering steam after several years of subdued growth. Real GDP grew by 4.9 percent in 2017, more than double the rate achieved a year ear...

IMF Executive Board Discusses Baltic Cluster Report on the Republics of Estonia, Latvia, and Lithuania

IMF Executive Board Discusses Baltic Cluster Report on the Republics of Estonia, Latvia, and Lithuania »

Source: Baltic Cluster Report : Staff Report for the 2014 Cluster Consultation

Volume/Issue: 2014/116

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2014

ISBN: 9781484377741

Keywords: structural unemployment, employment, export performance, labor market

This 2014 Cluster Consultation report examines common themes and challenges facing the three Baltic countries-Estonia, Latvia, and Lithuania. It identifies common features and common challenges, and discusses polic...

Real Wage Adjustment in the Former Soviet Union

Real Wage Adjustment in the Former Soviet Union »

Volume/Issue: 1993/11

Series: IMF Policy Discussion Papers

Author(s): Louis Dicks-Mireaux

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 1993

DOI: http://dx.doi.org/10.5089/9781451969603.003

ISBN: 9781451969603

Keywords: wages, wage, real wages, wage adjustment, inflation, Real Wage Adjustment,

Since 1991, the economies of the former Soviet Union have experienced sizeable shocks that have pushed equilibrium real wages far from pre-transition levels. This paper sets out a framework in which to assess the d...