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Fiscal Policy Coordination in OECD Countries
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
This paper deals with fiscal policy coordination. In specifically it focuses on the question of how fiscal policy can be coordinated in the world where countries differ a lot in terms of cyclical behaviour and importance ...
Testing the "Natural Rate of Suicide" Hypothesis
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
This paper analyses the economic determinants of suicide. More specifically, we test the hypothesis that suicide is related to shocks or news concerning income growth. Testing is based on an error correction model of suicide ...
Employment Growth and Labour Market Flexibility in OECD Countries
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
This paper investigates the adjustment of employment to population shocks in 22 OECD countries over the period 1960 - 1997. Most of the countries have experienced significant population shocks during that period. The speed ...
OECD Forecasts for the G7 Countries in 1969 - 1997
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
This paper presents a review of OECD forecasts for the G7 countries for the period 1969 - 1997. The analysis deals with the magnitude,
auto-correlation and eventual bias of the errors. In addition, we scrutinize the cyclical ...
Testing Nonlinear Dynamics, Long Memory and Chaotic Behaviour with Financial and Nonfinancial Data
(Valtion taloudellinen tutkimuskeskus VATT, 1997-01-01)
This paper contains a set of tests for nonlinearities in economic time series. The tests comprise both standard diagnostic tests for revealing nonlinearities and some new developments in modelling nonlinearities. The latter ...
Is There a Laffer Curve Between Output and Public Sector Employment?
(Valtion taloudellinen tutkimuskeskus VATT, 1999-01-01)
This paper develops a model of the relationship between public sector employment, total output and aggregate real demand in market prices, where public employment has a positive productivity effect on private output and ...
Fiscal Policy, Automatic Stabilisers and Policy Coordination in EMU
(Valtion taloudellinen tutkimuskeskus VATT, 1999-01-01)
This paper deals with fiscal policy coordination. In particular, it focuses on the question of how fiscal policy can be coordinated inside EMU, where countries still differ considerably in terms of cyclical behaviour and ...