Haku
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A monopoly union model of wage determination with taxes and endogenous capital stock : an empirical application to the finnish manufacturing industry
(21.11.1990)
Bank of Finland Research Discussion Papers 24/1990
Bank of Finland Research Discussion Papers 24/1990
The paper formulates a model of wage determination in accordance with the notion of a monopoly union determining wages after which the firm decides on employment. The novelty is to incorporate investment and capital decisions ...
Income distribution and government finances in the BOF4 model of the Finnish economy
(30.04.1990)
Bank of Finland Research Discussion Papers 7/1990
Bank of Finland Research Discussion Papers 7/1990
This paper describes how income distribution and government finances are modelled i n BOF4, a quarterly econometric model of the Bank of Finland. The equations eomprising the ineome distribution and government finanees ...
Are fiscal multipliers estimated with proxy-SVARs robust?
(13.07.2020)
Bank of Finland Research Discussion Papers 13/2020
Bank of Finland Research Discussion Papers 13/2020
How large are government spending and tax multipliers? The fiscal proxy-SVAR literature provides heterogeneous estimates, depending on which proxies - fiscal or non-fiscal - are used to identify fiscal shocks. We reconcile ...
Wage setting, taxes and demand for labour : Multivariate analysis of the cointegration relations
(01.09.1992)
Bank of Finland Research Discussion Papers 22/1992
Bank of Finland Research Discussion Papers 22/1992
As an outcome of modelling wage setting and demand for labour in a bargaining framework, a lO-dimensional vector space is defined. This overparametrized system is reduced by means of conditioning. Structural restrictions ...
Tax incidence in union models
(02.09.1992)
Bank of Finland Research Discussion Papers 23/1992
Bank of Finland Research Discussion Papers 23/1992
This paper consideres three union inodels with alternative specifications of union preferences. We examine the effects of four tax parameters of interest on both wages and employment.
The main results are as follows. ...