| Description |
1 online resource (37 pages) : color illustrations, charts |
| Series |
IMF Country Report ; Number 14/114 |
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IMF country report ; no. 14/114.
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| Contents |
Cover; CONTENTS; SUSTAINABILITY OF PUBLIC FINANCES AND LOW INFLATION ON THE EVE OF LITHUANIA'S EURO ADOPTION APPLICATION; SUSTAINABILITY OF LITHUANIA'S PUBLIC FINANCES; A. What Has Been Achieved Since 2008/09 and Where Do We Stand Now?; B. Fiscal Prospects, Debt Sustainability, Risks, and Policy Room; C. Conclusions and Policy Implications; REFERENCES; INFLATION IN LITHUANIA: TRACK-RECORD AND PROSPECTS; A.A Brief History of Inflation in Lithuania; B. Inflation in a Monetary Union; C. Balassa Samuelson Effects: Accounting Estimates; FIGURES; 1. Inflation, Wages, and Productivity |
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D. Balassa Samuelson Effects: Econometric EvidenceTABLE; 1. Inflation Differential vis-à-vis the Euro Area, 2001-13; E. Inflation Outlook and Changeover Impact; 2. Inflation Forecast (Forecast Horizon=17 Quarters Ahead); 3. Euro Area and Baltics: Inflation Perceptions During Changeover; F. Conclusions and Policy Implications; REFERENCES |
| Summary |
This Selected Issues paper focuses on sustainability of public finances and low inflation in Lithuania. Lithuania aims to adopt the euro in 2015. Over the medium term, inflation in Lithuania will likely run somewhat higher than in the euro area on average, but this will be driven by continuing income convergence. The long-term inflation track record is favorable, and Lithuania has demonstrated the ability to deliver adjustment when needed without recourse to exchange rate depreciation. The benign outlook for public finances and inflation is contingent on historical patterns of economic policymaking and private sector behavior remaining in place after euro adoption |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from PDF cover (ebrary, viewed June 12, 2014) |
| Subject |
Finance, Public -- Lithuania
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Inflation (Finance) -- Lithuania
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Fiscal policy -- Lithuania
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Finance, Public
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Fiscal policy
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Inflation (Finance)
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Lithuania
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| Form |
Electronic book
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| Author |
International Monetary Fund.
|
| ISBN |
9781484375051 |
|
148437505X |
|
9781484376225 |
|
1484376226 |
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