Euro area growth to accelerate to 1.8 per cent

The EUROFRAME Group of 10 European research institutes expects real GDP in the euro area to rise by 1.8 per cent in both 2016 and 2017, up from 1.5 per cent last year.

The EU’s Fiscal Targets and Their Economic Impact in Finland

In this paper, we quantify time-varying fiscal multipliers using Finnish economic data and address questions about the design of the fiscal adjustment currently needed to comply with the EU’s fiscal targets. We find that the necessary adjustment is likely to be larger than what is proposed in the current fiscal plans. The consolidation measures slow […]

On the Potential of the Bioeconomy as an Economic Growth Sector

Fresh economic data on industrial value chains suggest that the existing industrial structures of the Bioeconomy do not show promise of short-term growth. Pursuing public policies to promote the Bioeconomy will not be a quick fix to an urgent problem such as the lackluster Finnish economy. Building an entire industrial ecosystem with its complex web […]

Finland and Its Northern Peers in the Great Recession

Abstract The report focuses on the relative macroeconomic performance since the global financial crisis of six Northern European countries with a special emphasis on Finland. While fiscal and monetary policies have definitely impacted on macroeconomic outcomes in the six countries examined, as a whole they do not appear to be the key driving forces of […]

Innovator Mobility in Finland and Denmark

Abstract Workers have different abilities in research, development and innovation (R&D&I) activities. Firms have different “prospects for innovation”. Innovation is facilitated by matching innovators, i.e. workers that are specialized in R&D&I to firms with good prospects for innovation. Aggregate productivity growth requires that firms with the best prospects for innovation are quickly matched to innovators. […]

Increased risks do not substantially reduce the outlook for growth in the euro area

According to the EUROGROWTH indicator calculated by the EUROFRAME group in January 2016, euro area GDP growth will be rather sustained at the turn of 2015 and 2016.

Euro area growth to accelerate to 1.8 per cent

The EUROFRAME Group of 10 European research institutes expects real GDP in the euro area to rise by 1.8 per cent in both 2016 and 2017, up from 1.5 per cent last year.

The EU’s Fiscal Targets and Their Economic Impact in Finland

In this paper, we quantify time-varying fiscal multipliers using Finnish economic data and address questions about the design of the fiscal adjustment currently needed to comply with the EU’s fiscal targets. We find that the necessary adjustment is likely to be larger than what is proposed in the current fiscal plans. The consolidation measures slow […]

On the Potential of the Bioeconomy as an Economic Growth Sector

Fresh economic data on industrial value chains suggest that the existing industrial structures of the Bioeconomy do not show promise of short-term growth. Pursuing public policies to promote the Bioeconomy will not be a quick fix to an urgent problem such as the lackluster Finnish economy. Building an entire industrial ecosystem with its complex web […]

Finland and Its Northern Peers in the Great Recession

Abstract The report focuses on the relative macroeconomic performance since the global financial crisis of six Northern European countries with a special emphasis on Finland. While fiscal and monetary policies have definitely impacted on macroeconomic outcomes in the six countries examined, as a whole they do not appear to be the key driving forces of […]

Innovator Mobility in Finland and Denmark

Abstract Workers have different abilities in research, development and innovation (R&D&I) activities. Firms have different “prospects for innovation”. Innovation is facilitated by matching innovators, i.e. workers that are specialized in R&D&I to firms with good prospects for innovation. Aggregate productivity growth requires that firms with the best prospects for innovation are quickly matched to innovators. […]

Increased risks do not substantially reduce the outlook for growth in the euro area

According to the EUROGROWTH indicator calculated by the EUROFRAME group in January 2016, euro area GDP growth will be rather sustained at the turn of 2015 and 2016.