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News Analysis
Austerity That Never Was? The Baltic States and the Crisis
Rainer Kattel and Ringa Raudla

The commonly held impression is that austerity measures have worked successfully in the Baltic economies of Estonia, Latvia, and Lithuania. Debunking this belief, it is argued in this Policy Note, that the recent Baltic recovery has unique features that do not relate to domestic austerity policies, nor are they replicable elsewhere.

June 11, 2012.

 
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  © International Development
Economics Associates 2012
 

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