High Inflation In The Baltics Disentangling Inflation Dynamics And Its Impact On Competitiveness
Download High Inflation In The Baltics Disentangling Inflation Dynamics And Its Impact On Competitiveness full books in PDF, epub, and Kindle. Read online free High Inflation In The Baltics Disentangling Inflation Dynamics And Its Impact On Competitiveness ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
High Inflation in the Baltics: Disentangling Inflation Dynamics and Its Impact on Competitiveness
Author | : Alice Fan |
Publisher | : International Monetary Fund |
Total Pages | : 35 |
Release | : 2024-03-15 |
Genre | : Business & Economics |
ISBN | : |
Download High Inflation in the Baltics: Disentangling Inflation Dynamics and Its Impact on Competitiveness Book in PDF, Epub and Kindle
This paper identifies and quantifies the drivers of inflation dynamics in the three Baltic economies and assesses the effectiveness of fiscal policy in fighting inflation. It also analyzes the macroeconomic impact of inflation on competitiveness by focusing on the relationship between wages and productivity in the tradeable sector. The results reveal that inflation in the Baltics is largely driven by global factors, but domestic demand matters as well, suggesting that fiscal policy can play a role in containing inflation. Also, there is robust evidence of a long-run (cointegration) relationship between (real) wages in the tradeable (manufacturing) sector and productivity in the Baltics with short-term deviations self-correcting in Estonia and Lithuania only.
High Inflation in the Baltics: Disentangling Inflation Dynamics and Its Impact on Competitiveness Related Books
Pages: 35
Pages: 81
Pages: 76
Pages: 89
Pages: 49