Automatic Fiscal Stabilisers in Estonia

Rasmus Kattai (), Alvar Kangur, Tanel Liiv () and Martti Randveer ()
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Rasmus Kattai: Bank of Estonia
Tanel Liiv: Bank of Estonia
Martti Randveer: Bank of Estonia

Baltic Journal of Economics, 2003, vol. 4, issue 1, 93-115

Abstract: The paper discusses the functioning of automatic fiscal stabilisers in Estonia. The aim of the research is to evaluate government budget sensitivity to economic fluctuations and thereby assess the importance of automatic fiscal stabilisers in Estonia. Specifically we are interested in whether the functioning of automatic fiscal stabilisers might under certain circumstances create difficulties for the fulfilment of the Maastricht deficit criterion according to which the public deficit is not allowed to exceed 3% of GDP.

Keywords: automatic fiscal stabilisers; structural budget balance; economic cycle; fiscal policy (search for similar items in EconPapers)
JEL-codes: E32 H2 H5 H6 H87 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:bic:journl:v:4:y:2003:i:1:p:93-115

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