IMF Staff Country Reports

Finland: Selected Issues

October 16, 2003

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International Monetary Fund. "Finland: Selected Issues", IMF Staff Country Reports 2003, 326 (2003), accessed April 20, 2025, https://doi.org/10.5089/9781451813210.002

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Summary

In light of potential changes in fiscal policy in Finland, the impact of changes in the fiscal stance on short-term economic growth is an issue of interest. This paper estimates the short-term impact of fiscal policy on growth in Finland. The estimates are based on a structural vector autoregression (SVAR) model. However, identifying the long-term impact of changes in labor taxes on employment and growth is not an easy task. Although fiscal policy influences GDP in the short-term, the impact remains small compared with results.

Subject: Expenditure, Fiscal policy, Labor, Output gap, Potential output, Production, Unemployment rate

Keywords: CR, Expenditure shock, GDP, GDP growth, HP estimation approach, HP filter, ISCR, Output gap, Output gap measure, Peak output gap, Potential output, Production function approach, Revenue item, Unemployment rate

Publication Details

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