Finland: Selected Issues

October 16, 2003

Preview Citation

Format: Chicago

Finland: Selected Issues, (USA: International Monetary Fund, 2003) accessed November 21, 2024

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

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/326
Stock No:

1FINEA0022003
ISBN:

9781451813210
ISSN:

1934-7685

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