Coverart for item
The Resource Republic of Estonia : 2014 Article IV consultation, staff report, press release, and statement by the Executive Director for the Republic of Estonia

Republic of Estonia : 2014 Article IV consultation, staff report, press release, and statement by the Executive Director for the Republic of Estonia

Label
Republic of Estonia : 2014 Article IV consultation, staff report, press release, and statement by the Executive Director for the Republic of Estonia
Title
Republic of Estonia
Title remainder
2014 Article IV consultation, staff report, press release, and statement by the Executive Director for the Republic of Estonia
Title variation
Republic of Estonia, staff report for the 2014 Article IV consultation
Contributor
Subject
Genre
Language
eng
Summary
"Prudent fiscal policies with near-balanced budgets over the cycle have reduced gross public debt to about 10 percent of GDP. These policies have also led to a pro-cyclical fiscal stance, with unsustainable increases in spending during the boom and a sharp contraction during the crisis. However, the new budget framework with a target of a structural fiscal balance or surplus should prevent excess spending in upturns and allow full operation of automatic stabilizer in downturns. Legislation in parliament would establish the Eesti Pank (the central bank) as the macroprudential authority and provide it with a full toolkit of macroprudential instruments. However, Nordic banks dominate the system and membership in the Banking Union, limiting Estonia' scope for unilateral action. In this context, the authorities need to strengthen the Nordic-Baltic cross-border supervisory collaboration and integrate the ECB into them. Labor costs have been rising since 2012, and recent large increases in minimum wages and wages in education and health may be putting additional upward pressure on economy-wide wages and competitiveness. The authorities should refrain from further large wage increases until it is clear that they aren't undercutting competitiveness. Structural unemployment remains high, and the authorities should continue to implement education, training, and other initiatives to encourage foreign and domestic investment. Consideration should also be given to policies that reduce the tax wedge, particularly for lower-wage workers"--Abstract
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HC59.15.I15
LC item number
No. 14/112 ONLINE
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
International Monetary Fund
Series statement
IMF country report,
Series volume
no. 14/112
http://library.link/vocab/subjectName
  • International Monetary Fund
  • International Monetary Fund
  • Economic development
  • Fiscal policy
  • Labor market
  • Economic indicators
  • Economic development
  • Economic indicators
  • Fiscal policy
  • Labor market
  • Estonia
Label
Republic of Estonia : 2014 Article IV consultation, staff report, press release, and statement by the Executive Director for the Republic of Estonia
Instantiates
Publication
Copyright
Note
  • "May 2014."
  • "April 11, 2014"--Page 2 of pdf
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; CONTENTS; CONTEXT AND OUTLOOK; A. Recent Developments; BOXES; 1. External Stability Assessment; B. Outlook and Risks; POLICY DISCUSSIONS; A. Fiscal Policies; B. Financial Sector Policies; C. Labor Markets; D. Other Policy Priorities; STAFF APPRAISAL; 2. Actions Taken in Areas Relevant to Previous Policy Advice; FIGURES; 1. Real Sector Developments, 2008-13; 2. Putting the Crisis Behind, 2008-13; 3. External Developments, 2003-13; 4. External Competitiveness, 2008-13; 5. Fiscal Developments and Structure, 2003-13; 6. Financial Developments, 2007-13
  • 7. Public Sector Debt Sustainability Analysis (DSA) -- Baseline Scenario8. Public DSA -- Composition of Public Debt and Alternative Scenarios; TABLES; 1. Selected Macroeconomic and Social Indicators, 2008-15; 2. Summary of General Government Operations, 2008-15; 3. General Government Financial Assets and Liabilities, 2008-13; 4. Summary Balance of Payments, 2008-15; 5. Macroeconomic Framework, 2008-19; 6. Indicators of Economic Vulnerabilities, 2008-13; 7. Households' Financial Assets and Liabilities, 2008-12; CONTENTS; FUND RELATIONS; STATISTICAL ISSUES
Control code
879580817
Extent
1 online resource (46 pages)
Form of item
online
Isbn
9781484373118
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484373118.002
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)879580817
Label
Republic of Estonia : 2014 Article IV consultation, staff report, press release, and statement by the Executive Director for the Republic of Estonia
Publication
Copyright
Note
  • "May 2014."
  • "April 11, 2014"--Page 2 of pdf
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Cover; CONTENTS; CONTEXT AND OUTLOOK; A. Recent Developments; BOXES; 1. External Stability Assessment; B. Outlook and Risks; POLICY DISCUSSIONS; A. Fiscal Policies; B. Financial Sector Policies; C. Labor Markets; D. Other Policy Priorities; STAFF APPRAISAL; 2. Actions Taken in Areas Relevant to Previous Policy Advice; FIGURES; 1. Real Sector Developments, 2008-13; 2. Putting the Crisis Behind, 2008-13; 3. External Developments, 2003-13; 4. External Competitiveness, 2008-13; 5. Fiscal Developments and Structure, 2003-13; 6. Financial Developments, 2007-13
  • 7. Public Sector Debt Sustainability Analysis (DSA) -- Baseline Scenario8. Public DSA -- Composition of Public Debt and Alternative Scenarios; TABLES; 1. Selected Macroeconomic and Social Indicators, 2008-15; 2. Summary of General Government Operations, 2008-15; 3. General Government Financial Assets and Liabilities, 2008-13; 4. Summary Balance of Payments, 2008-15; 5. Macroeconomic Framework, 2008-19; 6. Indicators of Economic Vulnerabilities, 2008-13; 7. Households' Financial Assets and Liabilities, 2008-12; CONTENTS; FUND RELATIONS; STATISTICAL ISSUES
Control code
879580817
Extent
1 online resource (46 pages)
Form of item
online
Isbn
9781484373118
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781484373118.002
Other physical details
color illustrations
Specific material designation
remote
System control number
(OCoLC)879580817

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