Automatic Fiscal Stabilisers in Estonia
AbstractThe 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.
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Bibliographic InfoArticle provided by Baltic International Centre for Economic Policy Studies in its journal Baltic Journal of Economics.
Volume (Year): 4 (2003)
Issue (Month): 1 (December)
automatic fiscal stabilisers; structural budget balance; economic cycle; fiscal policy;
Find related papers by JEL classification:
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- H2 - Public Economics - - Taxation, Subsidies, and Revenue
- H5 - Public Economics - - National Government Expenditures and Related Policies
- H6 - Public Economics - - National Budget, Deficit, and Debt
- H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
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- Sigita Grundiza & Dainis Stikuts & Olegs Tkacevs, 2005. "Cyclically Adjusted Balance of Latvia's General Government Consolidated Budget," Working Papers 2005/05, Latvijas Banka.
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