Showing 1 - 10 of 71
. Keywords: business cycles, great depressions, financial shocks, sign restrictions, Finland …
Persistent link: https://www.econbiz.de/10012993691
We investigate the causes of the Finnish Great Depression, 1990-1993. We find that the collapse of the overheated financial and banking sectors starting in 1989 was the trigger of the economic crisis. Foreign shocks, which include the collapse of trade with USSR in 1991, can account for at most...
Persistent link: https://www.econbiz.de/10013045313
empirical analyses using micro data on consumer prices in Finland indicate that a specific form of attractive prices - 9-ending …
Persistent link: https://www.econbiz.de/10014223800
Finland, but its overall net impact on income and wealth inequality is negligible. Monetary easing increases households’ gross …
Persistent link: https://www.econbiz.de/10013307869
This paper proposes a framework for studying the boom and bust in Finland in the late 1980s and early 1990s. We develop … economy are able to produce a boom and a severe depression similar to the one observed in Finland in the late 1980s and early …
Persistent link: https://www.econbiz.de/10013130387
I find quantitative evidence of a significant effect for credit constraints on durable consumption during a post-deregulation consumer spending spree. The effect varied markedly across age and educational groups. Young households with low levels of education displayed high sensitivity to credit...
Persistent link: https://www.econbiz.de/10013132693
return stock market index for Finland in an approach similar to Mehra and Prescott (2003), we find the equity premium for … Finland to be 10.14 per cent from 1913 to 2009.​ …
Persistent link: https://www.econbiz.de/10013124029
study entrepreneurial optimism. Using data on a large number of nascent entrepreneurs in the US and start-ups in Finland, we … and decreasing in entrepreneurs level of education and industry experience in both countries. At least in Finland, those …
Persistent link: https://www.econbiz.de/10013104176
Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public innovation policies are used in practice. This study reviews the...
Persistent link: https://www.econbiz.de/10013086782
Finland. Our results suggest that the recorded annual inflows of FDI do not constitute an accurate measure of annual real … underestimated real investments in foreign companies in Finland. We seek to explain these findings by describing Finnish FDI target … acquisitions, can explain a great deal of the recorded annual FDI flows. We also describe how Finland's FDI stock and flow data …
Persistent link: https://www.econbiz.de/10012963428