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Automatic Fiscal Stabilisers in Estonia

Author

Listed:
  • Rasmus Kattai

    () (Bank of Estonia)

  • Alvar Kangur

    () (Bank of Estonia)

  • Tanel Liiv

    () (Bank of Estonia)

  • Martti Randveer

    () (Bank of Estonia)

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.

Suggested Citation

  • Rasmus Kattai & Alvar Kangur & Tanel Liiv & Martti Randveer, 2003. "Automatic Fiscal Stabilisers in Estonia," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 4(1), pages 93-115, December.
  • Handle: RePEc:bic:journl:v:4:y:2003:i:1:p:93-115
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    File URL: http://biceps.org/assets/docs/bje/BJE_Autumn_Winter_2003.pdf
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    Cited by:

    1. Sigita Grundiza & Dainis Stikuts & Olegs Tkacevs, 2005. "Cyclically Adjusted Balance of Latvia's General Government Consolidated Budget," Working Papers 2005/05, Latvijas Banka.

    More about this item

    Keywords

    automatic fiscal stabilisers; structural budget balance; economic cycle; fiscal policy;

    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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