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The Baltic Countries
			: Medium-Term Fiscal Issues Related to EU and NATO Accession

The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

DOI: http://dx.doi.org/10.5089/9781589061040.084

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

Ten years after regaining independence, the Baltic Countries--Estonia, Latvia, and Lithuania--are expected to be invited to join the European Union (EU) and NATO in 2004. This paper provides a macroeconomic perspec...

Do Fiscal Spillovers Matter?

Do Fiscal Spillovers Matter? »

Source: Do Fiscal Spillovers Matter?

Volume/Issue: 2011/211

Series: IMF Working Papers

Author(s): Sebastian Weber , and Anna Ivanova

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

ISBN: 9781463902315

Keywords: coordinated fiscal exit, fiscal changes, fiscal consolidation, fiscal measure, Macroeconomic Aspects Of International Trade And Finance, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy, And General Outlook, general Aggregative Models,

The paper assesses the impact of fiscal spillovers on growth in the context of a coordinated exit from crisis management policies. We find that despite potentially sizeable domestic effects from consolidation, aggr...

2011 Spillover Report—Selected Issues

2011 Spillover Report—Selected Issues »

Source: Euro Area Policies : Spillover Report for the 2011 Article IV Consultation and Selected Issues

Volume/Issue: 2011/185

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2011

ISBN: 9781462339549

Keywords: spillovers, bond, financial markets, financial market, financial sector, Euro Area Policies:,

The euro area (EA) plays a major role in the global economy. Market perceptions of events in the EA program countries illustrate the possibility of large spillovers from the area in times of stress. The prospect of...

Euro Area Policies

Euro Area Policies »

Source: Euro Area Policies : Spillover Report for the 2011 Article IV Consultation and Selected Issues

Volume/Issue: 2011/185

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2011

ISBN: 9781462339549

Keywords: spillovers, bond, financial markets, financial market, financial sector, Euro Area Policies:,

The euro area (EA) plays a major role in the global economy. Market perceptions of events in the EA program countries illustrate the possibility of large spillovers from the area in times of stress. The prospect of...

Spillovers of Domestic Shocks

Spillovers of Domestic Shocks »

Source: Spillovers of Domestic Shocks : Will They Counteract the 'Great Moderation'?

Volume/Issue: 2010/78

Series: IMF Working Papers

Author(s): Ashoka Mody , and Alina Carare

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

ISBN: 9781451982213

Keywords: Output growth volatility, vertical specialization, output growth, domestic shocks, global trade,

Even prior to the extreme volatility just observed, output growth volatility-following protracted decline-was flattening or mildly rising in some countries. More widespread was an increasing tendency from the mid-1...

IV The Experience of Earlier Accession Countries

IV The Experience of Earlier Accession Countries »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

In their drive to join the EU, the Baltics face fiscal challenges similar to those of the countries that joined in the past three decades and had incomes below the EU average. Such countries were Greece, Ire...

I Overview

I Overview »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

Ten years after regaining independence, the three Baltic countries—Estonia, Latvia, and Lithuania—are on the verge of acceding to the European Union (EU) and the North Atlantic Treaty Organization (NATO). Ov...

II The Current Fiscal Position

II The Current Fiscal Position »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

Fiscal policy represents the main macroeconomic policy instrument at the disposal of the authorities in the Baltics. This is due to their decision to anchor their macroeconomic stabilization efforts with the...

III Medium-Term Fiscal Policy: Theory and Evidence

III Medium-Term Fiscal Policy: Theory and Evidence »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

This section is intended to derive some guiding principles on the appropriate medium-term fiscal stance for the Baltics on the basis of theoretical and empirical evidence. It will look at: (1) the relationsh...

V Medium-Term Fiscal Frameworks

V Medium-Term Fiscal Frameworks »

Source: The Baltic Countries : Medium-Term Fiscal Issues Related to EU and NATO Accession

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 April 2002

ISBN: 9781589061040

Keywords: fiscal policy, public debt, current account, expenditure, taxation

The previous sections identified the need for the Baltic countries and other EU accession countries to pursue prudent fiscal policies. This will be crucial to maintaining high and sustainable growth in a low...