FEP

Vol. 14, No. 1 Paolo M. Panteghini: Dual income taxation: the choice of the imputed rate of return (pp. 5–13) Abstract In this article we study a crucial aspect of a Dual Tax System: the choice of the imputed rate

Vol. 13, No. 2 Mika Vaihekoski: Unconditional international asset pricing models: empirical tests (pp. 71–88) Abstract Single and multifactor unconditional international asset pricing models are tested for the real and excess returns on Finnish size and industry portfolios using the

Vol. 13, No. 1 Erkki Koskela and Rune Stenbacka: Bank mergers and the fragility of loan markets (pp. 3–18) Abstract We address the question of whether competition makes loan markets more fragile in the sense of increasing the equilibrium bankruptcy

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