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Should Unemployment Benefits Decrease as the Unemployment Spell Lengthens?
Saarenheimo, Tuomas - 2009
It has become a conventional wisdom in economic policy debate that in order to minimise adverse effects on employment, unemployment benefits should decrease with the unemployment spell. This paper, using a series of simple search models, shows that the theoretical result regarding the optimality...
Persistent link: https://www.econbiz.de/10012721125
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Buffer Funding of Unemployment Insurance in a Dynamic Labour Union Model
Halko, Marja-Liisa - 2007
In this paper we study the implications of the unemployment insurance (UI) financing system on wage levels and employment when labour markets are unionised and the revenues of the firms are stochastic. We use the basic monopoly union approach of wage and employment determination and assume that...
Persistent link: https://www.econbiz.de/10014223599
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Population Ageing and Fiscal Sustainability in Finland : A Stochastic Analysis
Lassila, Jukka; Valkonen, Tarmo - 2008
This study analyses the fiscal sustainability of the Finnish public sector using stochastic projections to describe uncertain future demographic trends and asset yields. While current tax rates are unlikely to yield sufficient tax revenue to finance public expenditure with an ageing population,...
Persistent link: https://www.econbiz.de/10014211889
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The Transmission of Negative Nominal Interest Rates in Finland
Kwan, Simon H.; Ulate, Mauricio; Voutilainen, Ville - 2023
this paper, we analyze the pass-through of the ECB’s changes in the deposit facility rate to mortgage rates in Finland …
Persistent link: https://www.econbiz.de/10014357551
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When Do R&D Subsidies Boost Innovation? Revisiting the Inverted U-Shape
Kilponen, Juha - 2015
We show theoretically that a proportional Ramp;D subsidy accelerates innovation activity at all degrees of competition in the modern Schumpeterian growth model, but less so at high degrees of competition. We then use company-level data on patenting activity, product market competition and Ramp;D...
Persistent link: https://www.econbiz.de/10012707795
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Indicators of the Cyclically Adjusted Budget Balance : The Bank of Finland's Experience
Brunila, Anne - 2009
article is to highlight these issues by reviewing three estimation methods used by the Bank of Finland - GDP smoothing based … corresponding estimates of the cyclically adjusted budget balances for Finland …
Persistent link: https://www.econbiz.de/10012721112
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Unemployment in a Small Open Economy : Finland and New Zealand
Mayes, David G. - 2009
period 1962-1996 for two highly different small open OECD economies, Finland and New Zealand, in a VEC model this paper seeks … establish long-run relationships among the four variables. In the case of Finland we find that the short-run response of …
Persistent link: https://www.econbiz.de/10012721116
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The Aino 2.0 Model
Kilponen, Juha - 2020
Finland for forecasting and policy analysis. The paper provides a detailed theoretical description of the model, its …
Persistent link: https://www.econbiz.de/10012855432
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How Well Does Foreign Direct Investment Measure Real Investment by Foreign-Owned Companies? : Firm-Level Analysis
Leino, Topias - 2017
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
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Learning from Financial Crisis : The Experience of Nordic Banks
Berglund, Tom - 2017
the systemic banking crisis of the early 1990s in three Nordic countries (Finland, Norway, and Sweden). While this crisis …
Persistent link: https://www.econbiz.de/10012963445