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 […]

Euro-områdets recession är förbi – Finlands BNP ökar i år med 0.7 procent

Euro-områdets recession är förbi, men tillväxten är fortfarande långsam. Finlands bruttonationalprodukt ökar med 0.7 procent i år och med 2 procent nästa år.

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 […]

Euro-områdets recession är förbi – Finlands BNP ökar i år med 0.7 procent

Euro-områdets recession är förbi, men tillväxten är fortfarande långsam. Finlands bruttonationalprodukt ökar med 0.7 procent i år och med 2 procent nästa år.

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