Capital inflows, household debt and the boom bust cycle in Estonia

Estonia is now in a severe recession. To restore high and sustainable growth, the country will need to rebalance its resources from non-tradables towards exports.

Related Documents

• Economic Survey of Estonia 2009

The general economic background to the crisis

This is the OECD Paper for Session 1 on ―How the global economy headed into crisis‖ at the G20 Workshop on the Causes of the Crisis: Key Lessons Mumbai.

The effect of financial crises on potential output: new empirical evidence from OECD countries

The aim of this paper is to assess the impact of financial crises on potential output.

Employment - productivity trade-off and labour composition

This paper formalises the analysis of the employment-productivity trade-off by extending the framework developed by Gordon (1997) to account for labour heterogeneity.

Policy Brief: Economic Survey of Estonia, 2009

Estonia grew faster than most emerging market economies during 2000‑07, but it is now in a severe recession. While the initial reversal of GDP growth was caused by a collapse of domestic demand, at the current juncture Estonia is vulnerable to external shocks as well.

Labour market flexibility in Estonia: what more can be done?

This paper discusses options for removing the remaining barriers that impede worker reallocation across jobs, sectors, and regions into more productive activities.

Related Documents

• Economic Survey of Estonia 2009

OECD and the London G20 summit in 2009

At the G20 summit in London on 2 April, governments pledged to do all they can to restore confidence, growth and jobs; repair and strengthen the financial system; promote global trade and investment and reject protectionism; and build an inclusive, green and sustainable recovery for all. The OECD worked behind the scenes with G20 governments and other international organisations to help achieve this successful outcome and further our

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• to be changed
• OECD and the Pittsburgh G20 Summit - boosting jobs, reshaping the global economy

Building a Cleaner World Economy

In his opening address at the Global Forum on Public Governance, OECD's Gurría underlined that building a stronger global economy means building a cleaner global economy.

Structural policies to overcome geographic barriers and create prosperity in New Zealand

New Zealand’s living standards remain well below the OECD average. This is entirely attributable to persistently low labour productivity, which in turn is related to economic geography as well as structural policy factors.

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• to be changed

Policy Brief: Economic Survey of France, 2009

The French economy has not escaped the severe recession gripping all developed countries. After ending the year 2008 with a sharp decline, output is likely to contract further during the rest of this year, and prospects for 2010 remain highly uncertain, despite the many stimulus plans at home.