Latvia's macroeconomic options in the medium term : fiscal and monetary challenges of European Union membership : Latvia's macroeconomic options in the medium term : Fiscal and monetary challenges of European Union membership (anglais)

Latvia's experience over the past decade shows that economic growth and real convergence can no longer be assumed to be exogenously driven processes determined by given technological improvements and relatively higher factor returns. Instead, it is an endogenously driven process led by many variables, including policy variables. European Union membership clearly brings enormous economic benefits to Latvia. However, it also brings important challenges...
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