Republic of Estonia: Selected Issues

International Monetary Fund

No 2004/357, IMF Staff Country Reports from 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.

Keywords: ISCR; CR; labor market; Estonia; product market; enterprise; product market flexibility; goods market; productivity catch-up; FDI inflow; EU inflation; ERM II participation; household net saving; EU level; saving rate; Labor markets; Disposable income; Labor market flexibility; Foreign direct investment; Productivity; Baltics; Global (search for similar items in EconPapers)
Pages: 44
Date: 2004-11-11
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