Economic Policy Council’s background report: Higher wages in Helsinki reflect productivity
According to a recent background report by the Economic Policy Council, wages in the Helsinki travel-to-work area are significantly higher than in other parts of Finland. Work experience gained in Helsinki also leads to faster wage growth compared to other regions. The report attributes this to the higher productivity enabled by the larger city size, […]
Economic Policy Council’s background report: Regional and occupational mismatch have minimal impacton unemployment
According to a recent report commissioned by the Economic Policy Council, barriers to the geographical or occupational mobility of unemployed jobseekers have not significantly slowed down job placements or raised unemployment in Finland in recent years. This trend appears to be due to the increased concentration of both jobseekers and job opportunities within the same […]
Jenni Jaakkola elected Secretary General ofthe Finnish Economic Policy Council
The Ministry of Finance has appointed Jenni Jaakkola, D.Sc. (Econ.), as Secretary General of the Finnish Economic Policy Council for the period of 1 September 2024 – 31 December 2025. During Jaakkola’s term, the Council’s role and division of labour with other actors will be examined further. (image: VATT / Veikko Somerpuro) Based on VATT’s […]
Economic Policy Council: Government’s key fiscal objectives well-founded, but therange of measures needs to be expanded
The government’s central fiscal objective is to stabilize the public debt ratio by the end of its term. This is a good target assuming that the economic environment remains relatively normal. However, the measures listed in the government program are unlikely to be sufficient to achieve the government’s fiscal policy goals. The economic outlook for […]
Economic Policy Council 2023 report publication and seminar on Wed 24.1.
Economic Policy Council will publish its annual report on the government’s economic policy on January 24, 2024. An open seminar will be held for anyone interested in the report. The seminar is held in Finnish. Economic Policy Council will publish its annual report on the government’s economic policy on January 24, 2024. The report will […]