10.04.2013
Working Papers of Eesti Pank No. 1/2013 Economic Adjustment in the Baltic Countries Estonia, Latvia and Lithuania stand out for their rapid economic adjustment after the outbreak of the global financial crisis. The reduction of imbalances and vulnerabilities in the Baltic countries has been... more
07.01.2013
Working Papers of Eesti Pank No. 7/2012 This paper investigates the impact of macroeconomic volatility on growth in a panel of 121 countries over the period 1980 to 2010. We confirm the Ramey and Ramey (1995) result that macroeconomic volatility is negatively related to economic... more
01.10.2011
Working Papers of Eesti Pank. No. 10/2011 Both theoretical and empirical evidence show that recessions are steeper in countries with high levels of private debt and/or credit booms. But do these negative effects carry over to the period where the recession is over and the economy recovers from... more
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