Gorodnichenko, Yuriy; Mendoza, Enrique G.; Tesar, Linda L. - 2009
in Finnish
history. As illustrated in Panel A of Figure 1, between 1990 and 1993 real GDP declined by 11
percent, real … 1990 and 1993 in all TEs, and the magnitude of
the cumulated output drop ranged from roughly 7 to 21 percent of the level …
trade, it is important to examine the Finnish labor market because of its very high degree of
unionization. In 1993 …