1990

Vol. 12, No. 2 Matti Pohjola: Finnish unemployment: introduction and conclusions (pp. 59–61) Stephen Nickell: Finnish unemployment: a view from outside (pp. 62–81) Jaakko Pehkonen: Wage formation in Finland 1960–1994 (pp. 82–91) Abstract In this study we examine wage formation

Vol. 12, No. 1 Dan Anderberg: Adverse selection, competition, and linear self-insurance (pp. 3–15) Abstract A two-class insurance model is analysed. In addition to a competitive insurance market, the households can use a simple linear self-insurance technology. Using the recently

Vol. 11, No. 2 Aarni Pursiainen: Relationship between volatility and multilisting: evidence from the Finnish stock market (pp. 65–85) Abstract The purpose of this paper is to provide an additional insight into the stock price volatility of all Finnish companies

Vol. 11, No. 1 Ken Angelin and L. Peter Jennergren: Partner leasing in Sweden: a case study in financial innovation and reregulation (pp. 3–18) Abstract Partner leasing is a form of financial leasing which is driven primarily by tax considerations.

Vol. 10, No. 2 Seppo Honkapohja and Urho Lempinen: Growth, inflation, and economic policy in a stochastic cash-in-advance economy (pp. 51–66) Abstract We develop a continuous-time stochastic growth model with recursive preferences, money and public debt. In equilibrium growth and

Vol. 10, No. 1 Christof Rühl and Viatcheslav Vinogradov: Social cohesion in economic development: employment and wages (pp. 3–19) Abstract The paper investigates the role of social cohesion in economic development. We capture ‘social cohesion’ as society swillingness to accept

Vol. 9, No. 2 Roger E. A. Farmer: A theory of business cycles (pp. 91–109) Abstract This paper constructs a complete dynamic general equilibrium model of a macroeconomy that is similar in many respects to the IS/LM model that dominated

Vol. 9, No. 1 Edmond Malinvaud: Growth and employment in the European perspective (pp. 6–17) Abstract he Western European debt deflation, which induced a severe recession in 1992-93, is now giving way to a recovery for which both external and

Vol. 8, No. 2 Ulf Söderström and Alexis Stenfors: Explaining devaluation expectations in the EMS (pp. 63–81) Abstract This paper is an attempt to explain devaluation expectations in the ERM with macroeconomic fundamentals. Two different measures of devaluation expectations are

Vol. 8, No. 1 Markku Lanne: Co-integration and the term structure of Finnish short-term interest rates (pp. 3–16) Abstract The term structure of Finnish HELIBOR interest rates is studied by modelling it as a co-integrated system. There are three co-integrating