FEP

Vol. 29, No. 2 Kari Heimonen: Editorial Karlo Kauko, Eero Tölö: On the long-run calibration of the credit-to-GDP gap as a banking crisis predictor The credit-to-GDP gap is a widely used early warning indicator of banking crises. It has become

Vol. 29, No. 1 Jari Vainiomäki: The development of wage dispersion and wage rigidity in Finland Abstract This paper examines the development of wage dispersion and wage rigidity in Finland. We find that while labour market institutions remained stable they

Vol. 28, No. 1 Jaakko Pehkonen, Sampo Pehkonen and Matthias Strifler: Wage Effects of Firm Size: Evidence from Linked Employer-Employee Panel (pp. 1–9) Abstract This study explores the relationship between wages and firm size using large registered data and different identification strategies. We find

Vol. 27, No. 1 Milla Nyyssölä, Jukka Pirttilä and Susanna Sandström: Technology Adoption and Food Security in Subsistence Agriculture – Evidence from a Group-Based Aid Project in Mozambique (pp. 1–33) Abstract This paper evaluates the impact of an intervention to

Vol. 26, No. 2 Miikka Rokkanen and Roope Uusitalo: Changes in Job Stability – Evidence from Lifetime Job Histories (pp. 36–55) Abstract We use individual-level panel data spanning over 42 years from the pension records to evaluate changes in job

Vol. 26, No. 1 Martin Jacob and Jan Södersten: Mitigating Shareholder Taxation in Small Open Economies (pp. 1–12) Abstract This article reconsiders the role of dividend taxation and its effect on the cost of capital for small firms. Using a

Vol. 25, No.1 J.-P. Niinimäki: Optimal Design of Bank Bailouts: The Case of Prompt Corrective Action (pp. 1–19) Abstract The paper investigates the optimal design of bank bailouts in economies where banks can hide loan losses, and focuses on banking

Vol. 24, No. 2 John B. Taylor: The Rules-Discretion Cycle in Monetary and Fiscal Policy (pp. 78–86) Abstract This lecture starts with a review of historical trends in the balance between rules and discretion: first toward more discretionary policies in