Union. In the Northern periphery of the EU, the different monetary regime choices of Finland and Sweden have created a … fared somewhat better than Finland in the EMU period. We assess the effects of the regime choice by simulating the behaviour … global shock on Sweden. The different monetary regimes cannot, however, explain the growth gap between Sweden and Finland …

countries with a special emphasis on Finland. While fiscal and monetary policies have definitely impacted on macroeconomic … important in explaining the differences. In particular, the weakness of growth in Finland can best be explained by a series of …