Openness, Specialisation and Vulnerability of the Nordic Countries

In this paper we analyse to what extent the Nordic economies are vulnerable to external shocks. Specifi cally, we assess the conventional wisdom that the Nordic countries are small open economies that are sig nificantly engaged in international trade, specialised in only few specific industries and, as a consequence, extremely dependent on the competiveness of […]

The euro area recession is over – Finland’s GDP will grow by 0.7 per cent this year

The euro area recession is over, but growth is still sluggish. Finland’s GDP will grow by 0.7 per cent in 2014 and 2 per cent in 2015.

Exchange Rate Regime, Fiscal Foresight and the Effectiveness of Fiscal Policy in a Small Open Economy

This paper studies the effects of discretionary fiscal policy shocks under different exchange rate regimes within a structural vector autoregressive (SVAR) model. We first suggest that by estimating the effects of fiscal policy shocks in two structurally similar small open economies that have opted for different monetary policy regimes (Finland and Sweden), we may control […]

Kuusi, Tero

Openness, Specialisation and Vulnerability of the Nordic Countries

In this paper we analyse to what extent the Nordic economies are vulnerable to external shocks. Specifi cally, we assess the conventional wisdom that the Nordic countries are small open economies that are sig nificantly engaged in international trade, specialised in only few specific industries and, as a consequence, extremely dependent on the competiveness of […]

The euro area recession is over – Finland’s GDP will grow by 0.7 per cent this year

The euro area recession is over, but growth is still sluggish. Finland’s GDP will grow by 0.7 per cent in 2014 and 2 per cent in 2015.

Exchange Rate Regime, Fiscal Foresight and the Effectiveness of Fiscal Policy in a Small Open Economy

This paper studies the effects of discretionary fiscal policy shocks under different exchange rate regimes within a structural vector autoregressive (SVAR) model. We first suggest that by estimating the effects of fiscal policy shocks in two structurally similar small open economies that have opted for different monetary policy regimes (Finland and Sweden), we may control […]

Kuusi, Tero