Lehmus, Markku

Lehmus, Markku

Head of forecasting

PhD (Econ.)

+358 445498455

ETLA

Macroeconomics, macro models, forecasting, taxation, fiscal policy, international economics

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One of the authors in the following publications
Other publications Publications

Carbon Border Adjustment Mechanisms and Their Economic Impact on Finland and the EU

Kuusi TeroBjörklund MartinKaitila VilleKokko KaiLehmus MarkkuMehling MichaelOikarinen TuuliPohjola JohannaSoimakallio SampoWang Maria
Carbon Border Adjustment Mechanisms and Their Economic Impact on Finland and the EU
In this report, we address an EU carbon border adjustment mechanism (CBAM) and its economic implications. While a CBAM
Other publications Publications

Sharpening EU Sanctions Policy for a Geopolitical Era

Helwig NiklasJokela JuhaPortela Clara (Eds.)Aula IlariBerg-Andersson BirgittaLehmus MarkkuPesu MattiSinkkonen Ville
The European Union (EU) increasingly uses sanctions in order to respond to breaches of international norms and adverse security
Columns Latest

Finland’s GDP likely to shrink by almost 10 percent this year

Lehmus Markku
Finland’s GDP likely to shrink by almost 10 percent this year
On March 17th we estimated that Finland's GDP will shrink by 1–5 per cent this year because of the
Briefs Publications 86

Weak Economic Conditions and the Objective of the Government Programme

Anttonen JetroLehmus MarkkuVihriälä Vesa
The key economic objectives of the current Finnish government are valid only in normal international economic conditions. However, weaker
Other publications Publications

The Economic Impact of EU Free Trade Agreements on Finland and the EU

Nilsson Hakkala KatariinaKaitila VilleKuusi TeroLehmus MarkkuWang Maria
The Economic Impact of EU Free Trade Agreements on Finland and the EU
Economic policies of the European Union (EU) are based on promoting open and predictable international trade. EU Free Trade
Publications Reports 92

Working Time, Employment and Competitiveness

Kauhanen AnttiLehmus Markku
Working Time, Employment and Competitiveness
This report studies working time and competitiveness. The first part of the report compares working time in Finland to
Columns Latest

Special Theme: Uncertainty of Forecasts

Anttonen JetroLehmus Markku
Uncertainty of Forecasts and Estimation of Uncertainty In the case of economic forecasts, we often talk about, for example,
Briefs Publications 76

2013 – The Finnish Divergence

Anttonen JetroKuusi TeroLehmus MarkkuOrjasniemi Seppo
In this paper, we use the synthetic control method to analyze the Finnish economic performance after the onset of
Other publications Publications

The Finnish Potential Output: Measurement and Medium-term Prospects

Jysmä SamiKiema IlkkaKuusi TeroLehmus Markku
The Finnish Potential Output: Measurement and Medium-term Prospects
In this report, we discuss the measurement of the potential output of the Finnish economy and the potential’s medium-term
Publications Reports 87

Finland’s Growth Performance – The Lost Decade and the Prospects in the Near Term

Kaitila VilleKauhanen AnttiKuusi TeroLehmus MarkkuMaliranta MikaVihriälä Vesa
In the report we analyse the reasons for the weakness of Finland’s economic performance over the past decade and
Briefs Publications 63

Etla’s Forecast Errors in 2014–2017

Berg-Andersson BirgittaKaitila VilleKaseva HannuKotilainen MarkkuLehmus Markku
In forecasts for years 2014–2015 the Finnish GDP growth was overestimated, and in forecasts for years 2016–2017 it was
Publications Working Papers 54

ETLA Macro Model for Forecasting and Policy Simulations

Lehmus Markku
This paper presents a review of a quarterly macroeconomic model built for forecasting and policy simulation purposes at the

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