01646cas a2200241 a 4500 AALejournalIMF017338 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475565911 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Republic of Estonia : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (41 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper examines the impact of fast unit labor cost (ULC) growth in Estonia. ULCs in Estonia have now reached a level at which further unmitigated wage growth risks material damage to competitiveness and income convergence prospects with western Europe. This highlights the importance of making Estonia's pro-productivity policies a success, but in the nearer term the onus is on mitigating excessive wage growth because in this area, Estonia, together with the other Baltics, distinguishes itself from the rest of central and eastern Europe. Tax policy can provide short-term relief. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/010 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/010/002.2017.issue-010-en.xml IMF e-Library