Cover IMF Staff Country Reports
Finland: Recent Economic Developments
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 104
Language:
English
Publication Date:
23 Oct 1995
DOI:
https://doi.org/10.5089/9781451813111.002
ISBN:
9781451813111
ISSN:
1934-7685
Pages:
166
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
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund