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Why is Finland lagging behind in export growth?
Oinonen, Sami; Virén, Matti E. E. - 2022
This paper tries to find an answer to the question of why has Finnish exports performed so poorly during the last two decades. It also tries to assess the related question of why is the level of openness of the Finnish economy much lower than in neighboring countries and countries with similar...
Persistent link: https://www.econbiz.de/10013272768
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Output gaps and cyclical indicators : Finnish evidence
Pönkä, Harri; Sariola, Mikko - 2021
The output gap is a commonly used tool to assess the state of the business cycle, and as such, a key input for policy makers. In this article, we employ principal components analysis (PCA) to derive an estimate of the output gap in Finland that summarizes the information of widely used cyclical...
Persistent link: https://www.econbiz.de/10012631046
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Forecasting unemployment in Finland : a flow approach
Lindblad, Annika; Gäddnäs, Niklas - 2024
In this paper we evaluate whether the accuracy of Finnish unemployment rate forecasts can be improved by utilising the information in the flows into and out of unemployment. We compare and contrast different methodologies for constructing the flows. Our results indicate that Bayesian vector...
Persistent link: https://www.econbiz.de/10014574000
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Transmission of recent shocks in a labour-DSGE model with wage rigidity
Obstbaum, Meri; Oinonen, Sami; Pönkä, Harri; Vanhala, … - 2023
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...
Persistent link: https://www.econbiz.de/10014265623
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Has there been a change in household saving behavior in the low inflation and interest rate environment?
Oinonena, Sami; Virén, Matti E. E. - 2022
well to individual country samples. We found that household saving is still very sensitive to changes in inflation and real …
Persistent link: https://www.econbiz.de/10013272751
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Asset price shocks and inflation in the Finnish economy
Koivisto, Tero - 2024
This study aims to explore the extent to which changes in wealth contributes to inflation utilizing a highly flexible …
Persistent link: https://www.econbiz.de/10014573996
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Repercussions in Latin America and the Caribbean of the war in Ukraine : how should the region face this new crisis?ECLAC
Vereinte Nationen / Economic Commission for Latin … - 2022
. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences …
Persistent link: https://www.econbiz.de/10013329423
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The economic and financial effects on Latin America and the Caribbean of the conflict between the Russian Federation and Ukraine
Bárcena Ibarra, Alicia - 2022
channel (with direct and indirect effects), the commodity price channel (including terms of trade and inflation issues) and …. Financial channel .-- B. Macroeconomic effects. 1. Inflation and monetary policy. 2. Fiscal policy. 3. Economic activity …
Persistent link: https://www.econbiz.de/10013329493
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Analysing euro area inflation outlook with the Phillips curve
Oinonen, Sami; Vilmi, Lauri - 2021
This paper presents the New Keynesian Phillips Curve (NKPC) -based framework for analysing euro area inflation outlook …. Our NKPC specification, that relies on market- and survey-based inflation expectations, explains well euro area inflation … long-horizons. Overall, the NKPC is a useful tool for monitoring euro area inflation outlook. Thanks to its fast and light …
Persistent link: https://www.econbiz.de/10012622377
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Euro area inflation and the pandemic
Admiraal, Martin; Bonam, Dennis; Bonomolo, Paolo; … - 2021
Persistent link: https://www.econbiz.de/10013170902