Cover IMF Staff Country Reports
Finland: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 326
Language:
English
Publication Date:
16 Oct 2003
DOI:
https://doi.org/10.5089/9781451813210.002
ISBN:
9781451813210
ISSN:
1934-7685
Pages:
51
Keywords:
ISCR; CR; GDP; output gap measure; HP estimation approach; revenue item; GDP growth; production function approach; peak output gap; HP filter; expenditure shock; Output gap; Potential output; Unemployment rate
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2003: Issue 326