Finland: Recent Economic Developments
October 23, 1995
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This paper reviews economic developments in Finland during 1990–95. The paper discusses the domestic economy, public finances, money and credit, and the balance of payments. It reports on the robustness of various inflation indicators, providing background to the process of establishing a monetary policy framework under a floating exchange rate. The paper also reviews possible structural causes for high unemployment and discusses reform proposals. Macroeconomic shocks that triggered the recession are analyzed. The role of financial factors in the transmission of those shocks economy-wide is also discussed.
Subject: Banking, Expenditure, Exports, Income, International trade, Labor, National accounts, Public debt, Wages
Keywords: Asia and Pacific, balance of payments, call money, CR, debt ratio, Eastern Europe, Europe, Exports, foreign exchange, Income, ISCR, markka appreciation, markka currency index, monetary policy, national budget, official development assistance, overnight rate, private sector, terms of trade, wage drift, Wages
Pages:
166
Volume:
1995
DOI:
Issue:
104
Series:
Country Report No. 1995/104
Stock No:
1FINEA0011995
ISBN:
9781451813111
ISSN:
1934-7685
Notes
This report on recent economic developments in Finland was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
