This paper studies the housing price dynamics in the Helsinki Metropolitan Area (HMA) using quarterly data from 1975Q1 to 2005Q2. First, the long-run relationship between housing prices and a number of fundamental variables likely to affect the level of housing prices is examined. Several...

Labour-market polarization is characterized by increased employment in occupations at the top but also at the bottom of the skills and wage distributions, followed by a relative decline in 'middling' occupations. This paper documents a polarization trend also in the Nordic labour markets and...

The paper considers whether Sweden should join the EMU as based on general equilibrium (GE) effects through reduced trade barriers linked to the single cur-rency. We use in this evaluation a gravity model for trade in Europe derived and estimated in the paper, and the estimates of trade barriers...

This study applies the GTAP-E model which incorporates carbon emissions from the combustion of fossil fuels and this provides for a mechanism to trade these emissions internationally. This facilitates an analysis of North European Energy production and energy markets while still consistently...

In this paper we present a comparative analysis of Nordic countries’ financial systems and consider in particular the recent growth of Nordic venture capital industries. We document that the Nordic countries’ financial systems display several similarities that have characterized their...

Euroopan maat eroavat työmarkkinakäytäntöjensä suhteen. Muutokset ovat olleet huomattavia 1980-luvun alusta lähtien. Iso-Britanniassa työntekijöiden järjestäytymisaste on laskenut merkittävästi ja yrityksillä on itsenäinen asema palkanasetannassa. Saksassa liittotason...

Työssä tutkitaan suhdannevaihteluiden symmetriaa Ruotsin ja sen kauppakumppanien välillä 1800-luvulla. Tutkimuksessa pyritään tuomaan esille ajassa tapahtuvan muutoksen merkitys suhdannevaihteluiden symmetriakehitykselle. Ajassa tapahtuneen muutoksen lisäksi kiinnitetään huomio...