IMF Staff Country Reports

Republic of Lithuania: Selected Issues

March 31, 2005

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Republic of Lithuania: Selected Issues, (USA: International Monetary Fund, 2005) accessed November 25, 2024

Summary

This Selected Issues paper looks at short-term inflation dynamics in the new member states (NMS) of the European Union, focusing on the role of monetary policy regimes. It models the determinants of inflation in the NMS and assesses how different theoretical frameworks best fit the data. The paper investigates the macroeconomic performance of currency boards within the group of NMS, evaluates their role in reducing inflation, and identifies some of their distinctive characteristics. The paper also examines the current account sustainability for Lithuania.

Subject: Balance of payments, Currency boards, Current account, Current account deficits, Foreign exchange, Inflation, National accounts, Personal income, Prices

Keywords: Baltics, Consumption-Smoothing current account, Consumption-smoothing current account position, CR, Currency board, Currency boards, Current account, Current account deficits, Current account prediction, D. current account financing, Inflation, ISCR, Low-oil-price scenario inflation, Personal income, Present discounted value

Publication Details

  • Pages:

    33

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2005/122

  • Stock No:

    1LTUEA2005001

  • ISBN:

    9781451824100

  • ISSN:

    1934-7685

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