Republic of Lithuania: Selected Issues

May 8, 2014

Preview Citation

Format: Chicago

Republic of Lithuania: Selected Issues, (USA: International Monetary Fund, 2014) accessed December 25, 2024

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.

Subject: Expenditure, Inflation, Prices, Production, Productivity, Public debt, Revenue administration

Keywords: Baltics, BS effect, Central and Eastern Europe, CR, Differential vis-à-vis, Downside risk, GDP, Global, Inflation, Inflation differential, ISCR, Lithuania, Productivity, Shadow economy, Tax effort

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/114
Stock No:

1LTUEA2014002
ISBN:

9781484375051
ISSN:

1934-7685

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