Estonia: In and Out of Crisis
Keywords: Estonia, fiscal policy, monetary policy, taxation, budget, deficit, government expenditures and revenue
AbstractThe paper analyses Estonian economic developments during the first decade of 21st century. Estonia provided in that period a clear-cut example of the classical business cycle with an extreme bubble-burst sequence of economic activities. The author analyses the reasons on such a volatile economic growth pattern and explains economic cycle management particularities in Estonia. In the frames of macroeconomic developments will be analyzed monetary and fiscal policies. The author argues, that Estonia’s fiscal policy has been always pro-cyclical, what has deepened country’s macroeconomic volatility. The paper also analyses critically the government activities and policies during the recent crisis
How to Cite
Trasberg, V. (1). Estonia: In and Out of Crisis. Estonian Discussions on Economic Policy, 20(1). https://doi.org/10.15157/tpep.v20i1.785
Articles. Artikeln. Artiklid
Copyright (c) 2016 Estonian Discussions on Economic Policy
This work is licensed under a Creative Commons Attribution 4.0 International License.The publication Estonian Discussions on Economic Policy uses the Creative Commons Attribution 4.0 License. With the delivery of a paper, the author grants to the Board also the right to publish the paper in the journal. The journal has set no obstacles or prohibitions to the authors for the future, and according to the current practice, authors subsequently use their paper as they consider it appropriate. Authors are personally responsible for the content, correct spelling and formatting of their publications.