We analyze the relationship of the distribution of future GDP growth and accumulation of household debt in Finnish macroeconomic data from 1980 to 2019. We find clear evidence that exuberant accumulation of household debt is related to the thickening of the left tail of the future growth...

Population ageing constitutes a central challenge to Finland. Understanding the Finnish economy's likely future trajectory and the key sources of growth is important for the design of policies to counteract these adverse long-term trends. For this purpose, we develop a novel long-run forecast...

This paper presents a framework for quantifying uncertainty around point forecasts for GDP, inflation and house prices in Norway. The framework combines quantile regressions using a broad set of uncertainty indicators with a skewed t-distribution, allowing for time-variation and asymmetry in the...

'Not only is this excellent collection of papers a fitting tribute to Angus Maddison, it is also a great resource for thinking about future patterns of global economic growth both in the BRICS and the OECD based on key insights from historical experience.' (Nicholas Crafts, University of...

"In response to the damage caused by a growth-led global economy, researchers across the world started investigating the association between environmental pollution and its possible determinants using different models and techniques. Most famously, the Environmental Kuznets Curve hypothesises an...

Part I: Economic and Environmental Aspects of Conservation Capital -- Chapter 1. The Role of Conservation Capital in Developing Economies: A Static General Equilibrium Analysis with Dynamics (Tonmoy Chatterjee) -- Chapter 2. Generating Appropriate Policies to Minimize Environmental Pollution in...

What relevance does economic growth have for achieving environmental policy goals? The report analyzes the arguments of various positions in this discourse and formulates an ideal-type "precautionary post-growth position". It also presents causes of economic growth and identifies social areas...