Haku
Viitteet 11-20 / 31
On Calculating Welfare Losses of Taxation and Public Provision on the margin and to a degree
(Valtion taloudellinen tutkimuskeskus VATT, 1995-01-01)
In the paper an index number measuring inefficiency of taxation is introduced which is based on an economy-wide generalisation of the input distance function. Related concepts are an input based quantity index, the index ...
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 ...
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 ...
Yet Another Fiscal Indicator
(Valtion taloudellinen tutkimuskeskus VATT, 2000-01-19)
The paper presents a fiscal indicator that uses the fiscal situation of the previous year as a benchmark. Different revenue and expenditure items have their own of rules by which the cyclical and discretionary changes are ...
Do automatic stabilisers take care of asymmetric shocks in the euro area?
(Valtion taloudellinen tutkimuskeskus VATT, 2000-12-01)
This paper deals with the question whether the automatic fiscal stabilisers are strong enough to solve the problem of asymmetric shocks in the Euro area. The question is important for many reasons, for instance in terms ...
Bank Mergers, Interest Rates and the Fragility of Loan Markets
(Valtion taloudellinen tutkimuskeskus VATT, 1996-01-01)
We model the interaction between the concentration of the banking sector and the investment strategies of imperfectly competitive firms in the product market to address the question of whether competition makes loan markets ...
How Sensitive is the Public Budget Balance to Cyclical Fluctuations in the EU?
(Valtion taloudellinen tutkimuskeskus VATT, 2000-10-09)
This paper discusses the fiscal behaviour of EU countries in 1972-1999. It attempts to find out how deficits adjust to changes in interest rates and output growth by examining the hypothesis that the reaction of deficits ...
On Optimal Non-Linear Taxation and Public Good Provision in Overlapping Generations Economy
(Valtion taloudellinen tutkimuskeskus VATT, 1999-01-01)
Using the self-selection approach to tax analysis within an OLG framework, the paper examines optimal non-linear labour and capital income taxation and the provision of a durable public good. Under endogenous wages, the ...
Government Size and Output Volatility: New International Evidence
(Valtion taloudellinen tutkimuskeskus VATT, 2004-07-08)
This paper re-examines the relationship between government size and output volatility from two perspectives. First, we use a wider international data set of 91 countries over the period 1980–1999 and thus not only the OECD ...
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 ...