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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 …
Persistent link: https://www.econbiz.de/10011242239
This 2014 Article IV Consultation highlights that Finland’s strong economic record has stalled. The economy has been 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...
Persistent link: https://www.econbiz.de/10011244252
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 …
Persistent link: https://www.econbiz.de/10011245724
This paper analyzes the transmission of shocks and policies among and across the Nordic economies and the rest of the world. This spillover analysis is based on a pair of estimated structural macroeconometric models of the world economy, disaggregated into thirty five national economies. We find...
Persistent link: https://www.econbiz.de/10010790263
and high household debt. The economic performance of the four continental Nordic economies (Denmark, Finland, Norway, and …
Persistent link: https://www.econbiz.de/10011243046
This paper examines 2013 Cluster Consultation—a Nordic Regional IMF staff report. Denmark, Finland, Norway, and …
Persistent link: https://www.econbiz.de/10011243412
Persistent link: https://www.econbiz.de/10011243717
This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures can usefully complement monetary policy. Countercyclical...
Persistent link: https://www.econbiz.de/10010959468
Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to target four percent inflation. A four percent target would ease the constraints on monetary policy arising from the zero bound on interest rates, with the result that economic...
Persistent link: https://www.econbiz.de/10010790372
In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium model for a commodity-exporting economy where macro...
Persistent link: https://www.econbiz.de/10010790403