Finland; Selected Issues

In light of potential changes in fiscal policy in Finland, the impact of changes in the fiscal stance on short-term economic growth is an issue of interest. This paper estimates the short-term impact of fiscal policy on growth in Finland. The estimates are based on a structural vector autoregression (SVAR) model. However, identifying the long-term impact of changes in labor taxes on employment and growth is not an easy task. Although fiscal policy influences GDP in the short-term, the impact remains small compared with results.

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Year of publication:	2003-10-16
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic conditions \| fiscal policy \| expenditure \| expenditures \| tax cuts \| tax changes \| fiscal contractions \| fiscal multipliers \| discretionary fiscal policy \| expansionary fiscal \| taxation \| government expenditures \| expansionary fiscal contractions \| fiscal data \| government spending \| tax rates \| fiscal contraction \| fiscal consolidation \| government expenditure \| short-term expenditure \| tax cut \| fiscal stance \| general government expenditures \| fiscal flows \| tax policy \| expansionary ? fiscal \| public finances \| taxes on labor \| fiscal deficits \| fiscal accounts \| fiscal stimulus \| tax wedge on labor \| budget process \| fiscal developments \| expenditure increases \| expansionary ? fiscal contractions \| fiscal position \| fiscal shocks \| expenditure decisions \| fiscal policy decisions \| expansionary fiscal contraction \| higher expenditure \| fiscal decisions \| tax wedge

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/326 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591767