Automatic Fiscal Stabilisers in Estonia
Automatic Fiscal Stabilisers in Estonia
Author(s): Kattai Rasmus, Alvar KangurSubject(s): Economy
Published by: BICEPS/SSE Riga
Keywords: Automatic fiscal stabilisers; structural budget balance; economic cycle; fiscal policy
Summary/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.
Journal: Baltic Journal of Economics
- Issue Year: 3/2003
- Issue No: 2
- Page Range: 93-111
- Page Count: 23
- Language: English