Holdings: Labor Market Implications of Switching the Currency Peg in a General Equilibrium Model for Lithuania

Labor Market Implications of Switching the Currency Peg in a General Equilibrium Model for Lithuania

On February 2, 2002, Lithuania switched its currency anchor from the dollar to the euro. While pegging to the dollar (since April 1994) has proven successful throughout the transition years, the recent decision to peg to the euro was motivated by t...

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Bibliographic Details
Main Author:	Pizzati, Lodovico
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	AGGREGATE CONSUMPTION AGGREGATE DEMAND AGGREGATE EXPORTS AGGREGATE IMPORTS AGRICULTURE AIC BALANCE OF PAYMENTS BALANCE SHEET BANKING SECTOR CAPITAL ACCUMULATION CAPITAL EMPLOYED CAPITAL INTENSIVE PRODUCTION CAPITAL STOCK CENTRAL BANK COMMERCIAL BANKS CPI CURRENCY CURRENCY PEGS CURRENT ACCOUNT DEBT DEFICIT FINANCING DEFICITS DEMAND FOR GOODS DEPOSITS DOLLAR TERMS DOMESTIC DEMAND DOMESTIC MARKET DOMESTIC PRODUCTION ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELASTICITY ELASTICITY OF SUBSTITUTION EMPLOYMENT ENDOGENOUS VARIABLES EQUATIONS EQUILIBRIUM EURO EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXCHANGE RATES EXOGENOUS VARIABLES EXPENDITURES EXPORT PRICE EXPORT SUBSIDIES EXPORT SUPPLY EXPORTS EXTERNAL SHOCKS FINANCIAL CRISIS FISCAL POLICY FOREIGN DIRECT INVESTMENT FOREIGN MARKETS FOREIGN PRODUCTS GDP GENERAL EQUILIBRIUM ANALYSIS GENERAL EQUILIBRIUM MODEL GENERAL EQUILIBRIUM MODELING GOVERNMENT EXPENDITURES HIGH UNEMPLOYMENT IMPORT FUNCTION IMPORT PRICES IMPORT TARIFF IMPORT TARIFFS IMPORTS INCOME INCOME TAXES INFLATION INTEREST RATE INTERMEDIATE GOODS INTERMEDIATE INPUTS INVESTMENT FLOWS LABOR COSTS LABOR FORCE MACROECONOMIC POLICY MINIMUM WAGE MONETARY POLICY MONEY SUPPLY NATURAL RESOURCES OIL OIL IMPORTS OIL REFINERIES OUTPUT PEGS PRICE INCREASES PRICE STABILITY PRIMARY GOODS PRODUCTION FUNCTION PUBLIC ENTERPRISES PUBLIC SERVICES QUOTAS RESERVES SALES TAXES SAVINGS STABILIZATION STABILIZATION PROGRAMS TARIFF REVENUES TAX REFORM TAX REVENUES TRADE AREA TRADE DEFICIT TRADE FLOWS TRADE PATTERNS TRADE POLICY TRANSITION ECONOMIES UNEMPLOYMENT UNEMPLOYMENT RATE UNSKILLED LABOR UNSKILLED WORKERS VOLATILITY VULNERABILITY WAGE RATE WAGES WORLD MARKETS MACROECONOMIC POLICY TRADE RELATIONS EXCHANGE RATE STABILITY EXCHANGE RATE ADJUSTMENTS DOLLAR STANDARD EURO-DOLLAR MARKET
Online Access:	http://documents.worldbank.org/curated/en/2002/04/1775829/labor-market-implications-switching-currency-peg-general-equilibrium-model-lithuania http://hdl.handle.net/10986/14286

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http://documents.worldbank.org/curated/en/2002/04/1775829/labor-market-implications-switching-currency-peg-general-equilibrium-model-lithuania
http://hdl.handle.net/10986/14286

Labor Market Implications of Switching the Currency Peg in a General Equilibrium Model for Lithuania

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