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Estonian Economy and Monetary Policy 1/2008
CONTENTS
INTRODUCTION
- I ESTONIAN ECONOMY IN 2007
- Monetary policy environment
- Money and capital market
- External demand
- Adjustment of domestic demand
- External balance
- Inflation
- General government
- II INFLATION
- Consumer prices
- External price pressures
- Incomes and domestic demand
- Food and energy prices
- Core inflation and service prices
- Real effective exchange rate of the kroon
- III ECON0MIC FORECAST FOR 2008-2010
- Forecast base scenario
- Economic growth
- Domestic demand
- Private consumption
- Investment
- Labour market
- Wages and labour costs
- Employment and unemployment
- External balance and external debt
- Inflation
- Administrative factors
- Main goods and services
- Motor fuel and energy
- General government
- Banking sector
- Housing credit
- Consumer credit
- Corporate credit
- Overdue loans
- Risk scenarios
- Risk scenario 1: Correction in domestic demand
- Risk scenario 2: Utilisation of export potential with new global growth cycle in 2009
- Risk scenario 3: Wage and price spiral
Full text (pdf, 196 kb)
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