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Republic of Estonia: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper examines developments in Estonia’s expanding net external obligations, as well as in domestic income flows and balance sheets. The paper discusses external current account and net international investment positions. Domestic investment and saving and balance sheet developments for the domestic sectors are covered. The paper makes use of the IMF’s new Global Econometric Model to investigate and quantify the role of market flexibility in Estonia. It also compares the results of simulations made under different assumptions about labor market and goods market flexibility.

Suggested Citation

  • International Monetary Fund, 2004. "Republic of Estonia: Selected Issues," IMF Staff Country Reports 2004/357, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/357
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17835
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    References listed on IDEAS

    as
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    6. Laxton, Douglas & Pesenti, Paolo, 2003. "Monetary rules for small, open, emerging economies," Journal of Monetary Economics, Elsevier, vol. 50(5), pages 1109-1146, July.
    7. Peter Backé & Christian Thimann & Olga Arratibel & Oscar Calvo-Gonzalez & Arnaud Mehl & Carolin Nerlich, 2004. "The acceding countries’ strategies towards ERM II and the adoption of the euro - an analytical review," Occasional Paper Series 10, European Central Bank.
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