This note presents new evidence on Finnish property criminality. The analysis is based on Earlichls (1973) model; the empirical an~lysis makes use af annual Finnish data for the period 1951 - 1986. The estimation results strongly support the notion that both the appreh~nsion rate and the...

This paper tests the hypothesis advanced particularly by McKinnon that the U.S. economy is strongly affected by the world supply of money and the U.S. effective exchange rate while the domestic money supply is of minor importance. This currency substitution hypothesis is tested using monthly...

This paper describes some institutional aspects of housing, markets and analyzes the price development of owner-occupied housing and its interaction with the household saving ratio in Finland during the last two decades. In Finland the volatility of house prices in relation to income can to a...

Household saving ratios in the Nordie eountries are very low by intemational standards and have declined markedly during the 1980s. Aggregate quarterly time-series data for the period 1970-1989 are used to study the development of household saving behavior over time. The evidenee suggests that...

This paper explores the determinants of aggregate economic fluctuations in Finland. The analysis makes use of aggregate monthly time series for some financial and non-financial variables. covering the period 1922-1990. In particular, we scrutinize the role of bankruptcies in the propagation...

This paper contains a set of tests for nonlinearities in economic time series. The tests correspond both to standard diagnostic tests and some new developments in testing nonlinearities. The latter test procedures make use of models in chaos theory, so-called long memory models and some...

This paper contains a set of tests for nonlinearities in economic time series.The tests correspond both to standard diagnostic tests and some new developments in testing nonlinearities.The latter test procedures make use of models in chaos theory, so-called long-memory models and some asymmetric...

This paper contains a description of a small quarterly model for the Finnish economy model (formerly, the QMED model).In addition to the basic features of this macroeconomic model, we report results from some stochastic simulations which illustrate the model's properties.Thus, the role of...

This paper contains a set of tests for nonlinearities in economic time series.The tests correspond both to standard diagnostic tests for revealing nonlinearities and some new developments in modelling nonlinearities.The latter test procedures make use of models in chaos theory, so-called...