Macroeconomy and public finances

Macroeconomy and public finances

The main focus of public finance research is on structural issues related to taxation and social security. The long-term problems of economic policy are addressed in particular from the perspective of population ageing, with an emphasis on the uncertainties and risks associated with economic and demographic development. The policy analysis focuses on the sustainability of public finances and the evaluation of related operational strategies.

Selected research

Research began 2022 Research ends 2023

The aim of this research project is to produce information about the framework system. The project draws up a vision of what kind of development needs can be seen in Finland's framework system and what concrete actions could be

Research began 2022 Research ends 2022

In February 2020, the European Commission presented its Communication reviewing the EU’s Economic gov-ernance framework. The revision of the framework will be undertaken by the EU’s Member States. The re-view includes an assessment of how the EU’s fiscal rules

Research began 2021 Research ends 2024

This research project provides a broad understanding of the causes, consequences and solutions relating to population ageing. It focuses on various phases of the individual life course, including family formation, working life and health and care at the end

Research began 2021 Research ends 2023

The current international corporate tax system has largely been considered outdated and at the end of its lifespan. The main reason behind the need for reform stems from the basic structure of the system, which was designed a hundred

Research began 2020 Research ends 2022

The aim of this research project is to produce a careful description of the loss of income caused by the death of a family parent, the protection provided by social security against loss of income and the need for

Research began 2021 Research ends 2022

This research project examines the effects of climate change on Finnish public finances from different perspectives. The project gathers information on global and local climate risks and specifies their effects on Finland and its economic sectors. The risks of

Research began 2020 Research ends 2023

According to the latest OECD PISA and PIAAC reports there are still too many young people around the world who lack an adequate level of proficiency in financial topics, with likely negative consequences for their future. Economic and Financial

Research began 2020 Research ends 2022

This research project develops tools to improve the measurement of health care efficiency as part of occupational well-being projecst. In the future, measeurements will be included in R&D projectst hat develop well-being at work. A key tool is a

Research began 2020 Research ends 2023

The world and its current economic growth paradigm are facing an exceptional combination of health, environmental, and economic crises. The Covid-19 pandemic, the accelerating climate change, and the persistent long-term economic stagnation are jointly reshaping the societal landscape, and

Research began 2015

Etla currently has two projects that use big data in economic forecasting. ETLAnow unemployment predicts the unemployment rate in every EU country using real-time data from Google Trends database and latest official data from Eurostat. The forecasts for three

Research began 2022 Research ended 2022

The number of production investments in relation to the size of the economy has fallen in Finland since the 1990s. One explanatory factor is the reduction of the size of the business sector as the share of the business

Research began 2021 Research ended 2021

Recent statistics on both explicit and hidden government debt in Finland and other EU countries give cause for taking the issue of high levels of public debt raise seriously. The topic is particularly relevant for Finland today as the

Research began 2020 Research ended 2021

The aim of this project is to explore the mechanisms and channels through which climate policy affects employment. The changes in demand for skills and professional structure in the various sectors of the national economy arising from climate policy

Research began 2019 Research ended 2020

The European Union (EU) has increasingly introduced sanctions as a political tool in the 2010s, also directed against neighbor super power and key trading partner Russia. As the global competition tightens with the emphasis on both geopolitics and geoeconomics

Research began 2019 Research ended 2020

The aim of this research project is to open and explain questions related to assessment of the cost of national defense. This project studies earlier economic research on national defense assessment and with the help of simplified example calculation

Research began 2020 Research ended 2021

Population is currently aging in Finland due to low birth-rates and longer life expectancy. Net immigration is insufficient to compensate low brith-rates and so the number of working-age people is shrinking. Even though the continuation of aging is very

Research began 2020 Research ended 2020

We analyse the effects of border carbon adjustment (BCA) on Finnish foreign trade, value chains, and the domestic economy. We also evaluate the practical issues and questions pertaining to international law, as well as alternative additional mechanisms to prevent

Research began 2019 Research ended 2020

This study focuses on the interaction of global trends and taxation. It aims to identify drivers of change, to analyse their impact on level and structure of tax revenues and to develop future scenarios and their implications for tax

Research began 2018 Research ended 2019

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Research began 2018 Research ended 2019

This project studies how ongoing technological changes and globalization should be taken into account in the design of the Finnish tax system. The project takes stock of the research on how digitalization, artificial intelligence and robotization can be expected

Research began 2017 Research ended 2018

The project provides comprehensive information on the situations of different sub-groups of persons who live alone. We sort out the occurrence of people living alone both geographically and at different stages of the life cycle and during life’s turning

Research began 2013 Research ended 2017

The study analyses on debt and debt relations of individuals and the public sector in a welfare state. It characterizes the properties of private and public debt and implicit public liabilities, studies household debt in a life-cycle perspective, assesses

Research began 2016 Research ended 2018

The research project aims at analysing the distribution of risks that relate to employee pension insurance benefits and their funding, both in theoretical scheme types (public/private, statutory/voluntary, defined benefit/defined contribution, funded/pay-as-you-go) and in their different combinations as employed by

Research began 2014 Research ended 2017

The project combines inputs of demographers and economist to update our knowledge on the economic effects of ageing and to provide new information on specific thematic areas. Typical questions to be answered are: How does population ageing affect individuals’

Research began 2016 Research ended 2019

The project aims at providing new information on reasons of health inequities, as well as recommendations for policy and future strategies to promote health and wellbeing. The undertaking will develop evidence-based and cost-effective models of health and wellbeing promotion

Research began 2015 Research ended 2018

Fiscal policy rules that the European Union imposes on the member countries have been reformed during the course of Euro crisis. A multinational research project led by Etla aims at assessing the appropriateness of the reforms and finding prospective