Republic of Lithuania : Selected Issues

1LTUEA2008002 Image
Price:  $18.00

Release Date: © April, 2008
ISBN : 978-1-45182-417-9
Stock #: 1LTUEA2008002
English
Stock Status: On back-order

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Description

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.

Taxonomy

Balance of payments , Current account




More publications in this series: IMF Staff Country Reports