Structural Reforms and Stabilization Policies in the Euro Area

Specifying a structurally built NKM model for EMU, and identifying in it the determinants of the potential output and the short-run cyclical factors, we consider structural reforms and monetary and fiscal policies in the euro area. Especially, we analyse whether structural reforms are deflationary or boost the economy in the short run and create spillovers […]

The structural balance may guide fiscal policy pro-cyclically

The structural balance that plays a central role in the EU’s new fiscal policy legislation may guide fiscal policy in a pro-cyclical way, in other words make it stimulating in an expansion and restrictive in a recession, reveals a study by Researcher Tero Kuusi. An English translation of the research report has now been published.

Commercial success of innovation: the roles of R&D cooperation and firm age

Data comprising 1790 Finnish firms and covering the years 2006-2012 suggest that turnover from innovative sales per employee were higher for both young firms – particularly for young innovative companies (or YICs) – and older incumbents that had broad innovation collaboration involving vertical, horizontal and institutional partners. Younger firms with simultaneous horizontal and vertical innovation […]

Evaluation practices in the selection of ground-breaking research proposals

WWTF Working Paper, August 2015

Blockchains as a Path to a Network of Systems – An Emerging New Trend of the Digital Platforms in Industry and Society

At the beginning of the 1990s, the Internet’s various fragmented information networks were combined into one integrated network of systems. As a result, the commercial utilization of the Internet boomed, creating com- pletely new business models and economic structures in the process. A similar reaction is now anticipated from the digitalization of industry and society […]

Euro Area growth is gaining momentum

Euro area growth is strengthening in the course of this year according to the Eurogrowth Indicator calculated by the Euroframe group in August 2015.

Structural Reforms and Stabilization Policies in the Euro Area

Specifying a structurally built NKM model for EMU, and identifying in it the determinants of the potential output and the short-run cyclical factors, we consider structural reforms and monetary and fiscal policies in the euro area. Especially, we analyse whether structural reforms are deflationary or boost the economy in the short run and create spillovers […]

The structural balance may guide fiscal policy pro-cyclically

The structural balance that plays a central role in the EU’s new fiscal policy legislation may guide fiscal policy in a pro-cyclical way, in other words make it stimulating in an expansion and restrictive in a recession, reveals a study by Researcher Tero Kuusi. An English translation of the research report has now been published.

Commercial success of innovation: the roles of R&D cooperation and firm age

Data comprising 1790 Finnish firms and covering the years 2006-2012 suggest that turnover from innovative sales per employee were higher for both young firms – particularly for young innovative companies (or YICs) – and older incumbents that had broad innovation collaboration involving vertical, horizontal and institutional partners. Younger firms with simultaneous horizontal and vertical innovation […]

Evaluation practices in the selection of ground-breaking research proposals

WWTF Working Paper, August 2015

Blockchains as a Path to a Network of Systems – An Emerging New Trend of the Digital Platforms in Industry and Society

At the beginning of the 1990s, the Internet’s various fragmented information networks were combined into one integrated network of systems. As a result, the commercial utilization of the Internet boomed, creating com- pletely new business models and economic structures in the process. A similar reaction is now anticipated from the digitalization of industry and society […]

Euro Area growth is gaining momentum

Euro area growth is strengthening in the course of this year according to the Eurogrowth Indicator calculated by the Euroframe group in August 2015.