Republic of Lithuania : Selected Issues.
This paper estimated the output gap in Lithuania using three different methodologies-an HP filter, a panel regression, and a production function. This study examines how the levels of the current account deficit and the real exchange rate in Lithuania compare with estimates of their equilibrium valu...
| Autor Corporativo: | |
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| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 2008/140 |
| Acceso en liña: | Full text available on IMF |
| Summary: | This paper estimated the output gap in Lithuania using three different methodologies-an HP filter, a panel regression, and a production function. This study examines how the levels of the current account deficit and the real exchange rate in Lithuania compare with estimates of their equilibrium values. The regression-based estimates are sensitive to the regression specifications and samples that determine equilibrium values. The large current account deficit in Lithuania may well be the equilibrium outcome of rapid income catch-up driven by strong fundamentals, including EU accession. |
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| descrición da copia: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Descrición Física: | 1 online resource (39 pages) |
| Formato: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Acceso: | Electronic access restricted to authorized BRAC University faculty, staff and students |