Finland; Selected Issues and Statistical Appendix
This Selected Issues paper and Statistical Appendix examines inflation and wage dynamics in Finland. The paper discusses the data set used (quarterly data covering from 1975 to 1995) and the statistical properties of the relevant time series. It presents the model and the empirical estimates, and provides an outlook for consumer price index and nominal wage inflation for 1996:Q1–2001:Q4. The paper examines the determinants of the equilibrium real exchange rate, and also analyzes the Finnish banking system and the credit crunch hypothesis.
Year of publication: |
1996-09-16
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Article IV consultations | Economic conditions | wage | inflation | wage inflation | wages | real wages | price inflation | monetary policy | wage increase | inflationary pressures | wage level | wage adjustment | wage increases | wage equation | wage-price | nominal variables | wage bargaining | aggregate demand | wage differentiation | percent inflation | inflation dynamics | money supply | wage index | inflation targeting | real variables | inflation performance | wage determination |
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