Finland’s 2008 Article IV Consultation shows that spillovers from the global turmoil are adversely affecting activity and may weaken the financial system. From a cyclical perspective, a fiscal structural loosening is warranted. Its effectiveness in Finland’s small, open economy would be...

The paper is an account of Finland’s unexpected upcoming deceleration in the economy at the end of 2011 and later. The deleveraging of the financial sector and the debt crisis made the nation fear an inevitable recession. To sustain this vulnerable situation, due attention was given to...

Finland's performance has been impressive. In light of rapid population aging, a significant and durable increase in the employment rate is vital. To leave room for needed tax cuts on labor while maintaining sufficiently large fiscal surpluses is crucial. With both growth and inflation set to...

The economic restructuring and expansion after the crisis reflected a combination of private sector initiative, solid macroeconomic management, including the shift from large deficits to significant surpluses of the general government, and structural reforms. High unemployment is one indication...

Introduction -- Katzenstein's world -- 1994-2001: the age of employment miracles -- 2001-2008: European integration intensifies -- Beyond 2008: coping with the crisis -- Unpacking Ireland's polity from a new institutionalist perspective -- Conclusions

1999 hat sich die Konjunktur nach dem starken Aufschwung während der Jahre 1994 bis 1998 zunächst spürbar abgekühlt. Ab dem zweiten Quartal gewann die Industrieproduktion aber - mit der Kommunikationstechnik als Zugpferd - wieder rasch an Schwung. Das reale Bruttoinlandsprodukt (BIP)...