A Central Counterparty (CCP) is an entity that interposes itself between transacting counterparties – a seller vis-à-vis the original buyer and a buyer vis-à-vis the original seller – to guarantee execution of the transaction. Thus, the original transacting parties substitute their...

There are over 3 billion searches globally on Google every day. This report examines whether Google search queries can be used to predict the present and the near future unemployment rate in Finland. Predicting the present and the near future is of interest, as the official records of the state...

This report examines whether Google search queries can be used to predict the present and the near future house prices in Finland. Compared to a simple benchmark model, Google searches improve the prediction of the present house price index by 7.5 % measured by mean absolute error. In addition,...

In the report we analyse the reasons for the weakness of Finland’s economic performance over the past decade and assess the growth prospects in the coming 5 years. The weakness of Finland’s performance relative to comparative EU-countries since 2009 can largely be explained by the collapse...

Postal service volumes have diminished and the profitability of postal and courier activities has weakened in Finland in recent years. The study evaluates the development of the service volumes, profitability and employment of postal and courier activities until 2020. The distribution volumes of...

The share of private consumption in gross domestic product is significant; therefore, private consumption has a great influence on economic growth, which makes it a major concept in economics. The purpose of the paper is to estimate and evaluate different forecasting models for private...

Forests can be seen as a source of wood raw material and bioenergy, a recreational area with health benefits, a carbon sink, and a source of biodiversity. This report examines how different shifts in perceptions and in the wider forest sector environment affect forest sector production, wood...

Tutkimuksessa kehitetään toimialojen t&k-panostusten ja tuottavuuden ennustejärjestelmää, jota voidaan käyttää myös julkisen t&k-rahoituksen vaikuttavuutta tarkasteleviin simulointeihin. Kokonaistuottavuuden kasvua määrittävät mallissa keskeisesti toimialojen tuotannon laadun ja...

Forests can be seen as a source of wood raw material and bioenergy, a recreational area with health benefits, a carbon sink, and a source of biodiversity. This report examines how different shifts in perceptions and in the wider forest sector environment affect forest sector production, wood...

The project to build up a banking union in Europe was launched in summer 2012. Thereafter the progress has been fast. Single Supervisory Mechanism will embark on November 1, 2014. A decision on the Single Resolution Mechanism was made in Spring 2014. It should be up and running as of the...