Finland: Recent Economic Developments

International Monetary Fund

No 1995/104, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Finland during 1990–95. The paper discusses the domestic economy, public finances, money and credit, and the balance of payments. It reports on the robustness of various inflation indicators, providing background to the process of establishing a monetary policy framework under a floating exchange rate. The paper also reviews possible structural causes for high unemployment and discusses reform proposals. Macroeconomic shocks that triggered the recession are analyzed. The role of financial factors in the transmission of those shocks economy-wide is also discussed.

Keywords: ISCR; CR; private sector; call money; markka currency index; monetary policy; overnight rate; national budget; wage drift; balance of payments; markka appreciation; debt ratio; terms of trade; foreign exchange; official development assistance; Exports; Income; Wages; Eastern Europe; Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 166
Date: 1995-10-23
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