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Evaluation and Monitoring of Business Aid in Finland. Applicant Enterprises Projects and Distributors of Aid in Industrially Declining Regions. A Quantitative Approach
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
The study examines comprehensively the three entities involved when state aid is distributed to enterprises in Finland, namely the applicant enterprises, the projects financed and the distributors of funds. It demonstrates ...
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 ...
Redistribution and Risk Sharing in EMU
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
This study analyses possibilities for independent national redistribution and risk sharing policy in EMU by reviewing literature on fiscal federalism. The currency union will not directly affect the national welfare policy. ...
Finland as a Member of European Union - First Experiences
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
In 1992 we published estimations about the probable effects of the EU membership on the Finnish economy. The profound economic shock of the early 1990s has made the assessment of the economic impact of Finland?s EU membership ...
Interest Rate Forecasting with Neural Networks
(Valtion taloudellinen tutkimuskeskus VATT, 1998-01-01)
This paper compares neural networks and linear regression models in interest rate forecasting using US term structure data. The expectations hypothesis gets some extra support from the neural network model as compared to ...