Tutkimuksessa tarkastellaan Suomen kansantalouden tulevaa kehitystä, jos ja kun nykyiseen taantumaan liittyy myös rakennekriisi. Sen mukaan talouden potentiaalisen tuotannon ura saattaa sekä taittua matalammalle tasolle että kasvaa sen jälkeen hitaampaa vauhtia kuin ennen. Näitä...

We reassess the result of unsustainability of the euro with respect to inflation differentials claimed by Wickens (2007) by specifying an open-economy version of a two-region New Keynesian model for EMU and demonstrate that the result by Wickens does not hold in general. We are able to derive a...

The wage norm to be applied in the economy has been intensively debated in Finland. By this is meant, to which level of productivity rise the wage hikes should be linked. In this paper we examine the economy-wide productivity rise vs the industry-level rise in productivity as a basis for a wage...

This is the country report on Finland in the project launched by the European Foundation for the Improvement of Living and Working Conditions on the social implicatins of EMU, especially in the labour market and industrial relations, insix EU countries. The report is essentially based on the...

The aim of the paper is to analyse the Stability and Growth Pact of EMU in a two-country model of monetary union with rational expectations and with spillovers of macroeconomic policies between the countries. The paper concentrates on tax policy, and shows that the results on optimal policy...