This study examines, using variable-parameter regression, how the offset coefficient in the capital flow equation for Finland has changed over time. We found the constant parameter estimate of the offset coefficient to be stable and quite large. Instead, the interest rate sensitivity has...

In this paper a simple and transparent macroeconomic model is developed for the evaluation of alternative macroeconomic scenarios.With the help of the model it is evaluated how fast economic growth and what kind of structure of demand and supply is needed in order to reduce unemployment to 200...