Discussion of “ Boom , Bust , Recovery : Forensics of the Latvia Crisis ”
نویسندگان
چکیده
This paper is an excellent, well-written, readable and accessible description of the macroeconomic boom and bust cycle in Latvia from 2000 to 2012. It presents the key facts and data—at least as well as possible given serious data challenges. It provides an unbiased analysis of different explanations for the economic crisis and recovery—a viewpoint which is much appreciated given the often-heated discussion by some macroeconomists on what actually happened in Latvia.
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