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Impacts of macroeconomic policies on the estonian output: an application of the taylor rule and the is-mp-as model.
| Content Provider | CiteSeerX |
|---|---|
| Author | Hsing, Yu |
| Abstract | (Romer, 2000), this article finds that real output in Estonia is negatively influenced by the expected inflation rate, the government deficit/GDP ratio, the world interest rate and country risk, and positively affected by real depreciation. Policy implications are that fiscal discipline pursued by the Estonian government is appropriate, that depreciation of the kroon to promote net exports would help the Estonian output, and that maintaining a sound fiscal, political and financial environment would reduce country risk and increase investment spending. |
| File Format | |
| Access Restriction | Open |
| Subject Keyword | Estonian Output Macroeconomic Policy Taylor Rule Is-mp-as Model Country Risk Estonian Government Investment Spending Policy Implication Financial Environment Government Deficit Gdp Ratio Expected Inflation Rate Fiscal Discipline Real Depreciation Net Export Real Output World Interest Rate |
| Content Type | Text |
| Resource Type | Article |
