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(Papers presented at the 4th Annual Research Conference, 11-12 October 2007) This volume contains nine papers presented at the 4th DG ECFIN Annual Research Conference held in October, 2007 in Brussels on the theme: Growth and income distribution in an integrated Europe: Does EMU make a...
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Tässä tutkimuksessa tarkastellaan sekä teoreettisesti että empiirisesti koron ja/tai valuuttakurssin jouston suotavuutta talouden eristämiseksi erilaisilta häiriöiltä. Kurssisopeutumisen tarve riippuu ratkaisevasti eräistä talouden keskeisistä rakennepiirteistä sekä häiriöiden...
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In this paper a small aggregative model of the Finnish economy with rational exchange rate and price expectations is specified and estimated with quarterly data. Optimal exchange rate regimes are assessed by simulating effects of various unanticipated and permanent shocks. According to the...
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