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Belgium as a small open economy in the core of Europe
(Valtion taloudellinen tutkimuskeskus VATT, 1995-01-01)
Small open economies in Europe share many of the same characteristics, policy choices and economic problems. This paper argues that Belgium is profoundly affected by its position as a small open economy in the core of the ...
The Evolution of the Finnish Model in the 1990s: from Depression to High-tech Boom
(Valtion taloudellinen tutkimuskeskus VATT, 2004-12-15)
Finland has recently got much admiration due to economic success reflected in rankings of competitiveness, technology, education and economic growth. This success has largely been embodied in the growth of Nokia group and ...
Does Centralised Wage Setting Lead into Higher Taxation?
(Valtion taloudellinen tutkimuskeskus VATT, 2003-10-22)
This paper studies implications of centralised wage setting for the level of taxation and public expenditure in an analytical model with unionised labour markets. We extend the previous studies by allowing for both demand ...
Social Security Funds, Payroll Tax Adjustment and Real Exchange Rate: The Finnish Model
(Valtion taloudellinen tutkimuskeskus VATT, 1999-01-01)
This paper presents the Finnish system of EMU buffer funds. The idea of the buffer funds is to finance
temporary reductions of payroll taxes in a case of asymmetric shock facing the economy. It is well-known that by ...
Labour Taxation and the Degree of Centralisation in a Trade Union Model with Endogenous Labour Supply
(Valtion taloudellinen tutkimuskeskus VATT, 2001-03-30)
This paper considers the effect of labour taxation on wages and employment in a trade union model with endogenous working hours. In the model, individuals choose working hours with a given wage rate, competitive firms ...