We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …

in recession for three of the last five years, and unemployment is now more than 8 percent, with more people without work … for longer. The shortfall in growth, coming at a time when peer economies saw GDP improve and unemployment fall, points to …

This paper discusses key findings of fiscal transparency evaluation for Finland. It highlights that Finland meets most … for fiscal management in Finland is relatively low. Overall, the Finnish authorities produce an impressive amount of data … and information related to all three pillars of the Code. It is also highlighted that fiscal reporting in Finland is …

Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … of integration among the four Nordic economies. These differences are driven by the fact that Denmark and Finland have no … independent monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We …

and high household debt. The economic performance of the four continental Nordic economies (Denmark, Finland, Norway, and …

This paper examines 2013 Cluster Consultation—a Nordic Regional IMF staff report. Denmark, Finland, Norway, and …

inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …