We analyse a small open economy with a tradable and a sheltered sector. If the unions that operate in each sector coordinate their wage demands sectorwise, the choice of monetary regime - floating cum inflation target vs EMU - may affect the relative wages and prices of the economy. We show that...

This paper studies gender differences in the allocation of workers across tasks of different complexity using panel data from a representative sample of Finnish metalworkers during 1990- 2000. Finnish metal industry data provide a continuous measure of the complexity of the worker’s tasks that...

Is there a Nordic model? What are the main characteristics of the Nordics? What challenges are they facing? Is the Nordic welfare state viable in conditions of globalization and ageing populations? What reforms are needed? The Nordic countries have attracted much international attention in...

The setting is a small open economy with an open sector and a sheltered sector. If the unions that operate in each sector coordinate their wage claims within the sector, the choice of monetary regime--monetary union or floating with an inflation target--affects the relative prices of tradables...

The Nordic countries are often bundled together, as representatives of a ‘model’ which combines high living standards and an open market economy with social insurance and ambitious public services. Yet, the economic and political development of Denmark, Finland, Norway and Sweden towards...

This paper reviews Finland.s growth strategy in the postwar decades. Finland was able to initiate an impressive mobilization of resources during this period, reflected mostly in a high rate of capital accumulation for manufacturing industries. This was achieved by an unorthodox combination of...

This paper reviews Finnish economic history during the 'long' twentieth century with a special emphasis on policies for equity and growth. We argue that Finland developed from a poor, vulnerable, and conflict-prone country to a modern economy in part through policies geared at both growth and...

Konjunkturinstitutet (KI) producerar både kortfristiga prognoser för 2–3 år framåt i tiden och medelfristiga prognoser som sträcker sig ytterligare 5–10 år framåt i tiden. För att understödja sina prognoser och analyser har KI valt att arbeta med allmänjämviktsmodellen KIMOD. I...

KIMOD 1.0 is an annual large-scale macroeconomic model2 of the Swedish economy and is the result of a project that started in 2002 at the National Institute of Economic Research (NIER) in Sweden. In 2003, the model was used for the first time in policy analysis (see NIER, 2003) and from 2004...

This paper studies gender differences in the allocation of workers across jobs of different complexity using panel data on Finnish metalworkers. These data provide a measure for the complexity of the workers' tasks that can be used to construct a complexity ladder of jobs. We study whether women...