Etla » ETLA in media

Vesa Vihriälä in Government Gazette: Towards a Functioning Monetary Union – a Finnish Point of View

admin — Wed, 17 Apr 2013 11:15:05 +0000

The euro has undoubtedly promoted integration and spurred growth. It has also kept the promise of monetary stability as measured by consumer price inflation. There are some “buts”, however. As regards broader macroeconomic or financial stability, the way in which euro area institutions were set up has in fact very likely contributed to the severity of the crisis. Many people argue that a monetary union can function properly only if accompanied by a true fiscal union. In Finland the federalist agenda is regarded with considerable scepticism.

ETLA’s managing director Vesa Vihriälä argues in the British magazine Government Gazette that a monetary union could function properly even short of a complete fiscal union, and presents five key elements of such an alternative.

Read more in the Government Gazette website.

ETLA’s Nokia research referred to in The Economist

admin — Sat, 25 Aug 2012 11:37:44 +0000

NOKIA contributed a quarter of Finnish growth from 1998 to 2007, according to figures from the Research Institute of the Finnish Economy (ETLA). Are any other economies so reliant on one company? The researchers at ETLA calculate Nokia’s value-added to work out its importance to Finland, but such data are not widely available for other countries, writes The Economist in an article published on August 25, 2012.

Read the article One-firm economies: The Nokia effect on The Economist website.

Markku Kotilainen in The Economist: Fiscal tightening one reason for soggy growth

admin — Sat, 25 Aug 2012 10:50:34 +0000

The Finns are being hard-nosed because they face their own hardship, writes The Economist in an article about Finland’s role in the euro crisis. ETLA’s Markku Kotilainen is one of the experts quoted in the article.

Read the article Finland and the euro crisis: Northern gripes on The Economist website.