Global Supply Chains and Transfer Pricing: Insights from a Case Study

Supply Chain Management : An International Journal.  Vol. 19 (2014), Issue 4. Forthcoming

Longevity, Working Lives and Public Finances

Can longer working lives bring sufficient tax revenues to pay for the growing public health and care expenditure that longer lifetimes cause? We review studies concerning retirement decisions and pension policies, the role of mortality in health and long-term care costs, and errors in mortality projections. We combine key results into a numerical OLG model […]

Euro – How big difference: Finland and Sweden in search of macro stability

Towards a Better Governance in the EU? (eds. Catherine Mathieu and Henri Sterdyniak) OFCE Debates and policies 132  (2014) p. 271-286

The Euro Area needs a public debt restructuring mechanism

The Euro Area needs an orderly public debt restructuring mechanism, argue Managing Director Vesa Vihriälä and Professor Beatrice Weder di Mauro in a column published on the VoxEU portal. Making market discipline credible through an orderly debt restructuring mechanism is a promising alternative to contain moral hazard associated with mutualisation of public debt, which has […]

Competitiveness disparities behind the economic crisis in the euro area

The euro area economic  crisis is largely a result of the competitiveness disparity between Germany and the rest of the euro area. The wage moderation in Germany has considerably improved  its competitiveness in relation to the rest of the euro area. Wage policy has been deflationary in Germany in the 2000s in the sense that […]

Innovation, Firm Risk and Industry Productivity

Radical innovations require risk-taking. However, it is hard to find an objective measure for innovation investments that would take riskiness into account. In this paper, we investigate how a simple measure of firms’ innovation investments, namely the employee share of managers and professionals, is associated with profit risk at the firm level. Using data that […]

Global Supply Chains and Transfer Pricing: Insights from a Case Study

Supply Chain Management : An International Journal.  Vol. 19 (2014), Issue 4. Forthcoming

Longevity, Working Lives and Public Finances

Can longer working lives bring sufficient tax revenues to pay for the growing public health and care expenditure that longer lifetimes cause? We review studies concerning retirement decisions and pension policies, the role of mortality in health and long-term care costs, and errors in mortality projections. We combine key results into a numerical OLG model […]

Euro – How big difference: Finland and Sweden in search of macro stability

Towards a Better Governance in the EU? (eds. Catherine Mathieu and Henri Sterdyniak) OFCE Debates and policies 132  (2014) p. 271-286

The Euro Area needs a public debt restructuring mechanism

The Euro Area needs an orderly public debt restructuring mechanism, argue Managing Director Vesa Vihriälä and Professor Beatrice Weder di Mauro in a column published on the VoxEU portal. Making market discipline credible through an orderly debt restructuring mechanism is a promising alternative to contain moral hazard associated with mutualisation of public debt, which has […]

Competitiveness disparities behind the economic crisis in the euro area

The euro area economic  crisis is largely a result of the competitiveness disparity between Germany and the rest of the euro area. The wage moderation in Germany has considerably improved  its competitiveness in relation to the rest of the euro area. Wage policy has been deflationary in Germany in the 2000s in the sense that […]

Innovation, Firm Risk and Industry Productivity

Radical innovations require risk-taking. However, it is hard to find an objective measure for innovation investments that would take riskiness into account. In this paper, we investigate how a simple measure of firms’ innovation investments, namely the employee share of managers and professionals, is associated with profit risk at the firm level. Using data that […]