an interactive discussion forum that will enable them to participate in an ongoing dialogue about the IMF and its work. Ultimately, it is envisaged that the site will evolve into a fully integrated, virtual meeting place for the IMF and its network of legislators. Such an interface would provide an efficient way to increase existing efforts while also creating opportunities for more frequent and inclusive dialogue with this influential group. IMF Survey MAGAZINE News, views, and analysis from the IMF Read it online @ www.imf.org/imfsurvey
taken from various sources: UNCOMTRADE, CEPII and IMF CDIS, and WEO; the coverage includes EU27 and selected CIS countries and a time span of 2000-12 (trade data) and 2009-12 (FDI data). 11. Cluster analysis from the IMF’s Strategy and Policy Review Department visually summarizes trade, FDI, portfolio investment, and banking links. 5 This analysis shows that the Baltic countries form a cluster with each other, Sweden, and Finland. Denmark and Norway are also closely tied to the Baltics through their common Nordic links. D. Convergence 12. The
International Monetary Fund (2014a) for an analysis from the IMF. 10 For a complete set of equations that characterize the dynamics of debt and budget balances, see Escolano (2010) . 11 See Merola, Hoeller, and Sutherland (2012) . 12 Because there is a transition period, this rule applies only three years after the correction of the excessive deficit. Given that this is likely to happen in 2015, the debt reduction rule is effective only from 2019. 13 The Irish government and the Fiscal Policy Council estimate the total fiscal effort