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This paper tries to find an answer to the question of why has Finnish exports performed so poorly during the last two … during the last ten years. The quality of exports has also deteriorated over time so that the share of raw materials and …
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In this paper we analyze features of the recent business cycle with a New Keynesian small open economy DSGE model with labour market frictions and wage rigidity. The model complements the existing analytical tools of the Bank of Finland by enabling detailed analysis of labour markets in a DSGE...
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