Latest news and press releases
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Economic Policy Council: Next government needs a credible plan for fiscal adjustment and combating climate change
Press release 1.2.2023
The Covid-19 pandemic and the current crisis have demonstrated that the government’s ability to support the economy is crucial. Given the persistent deficit in public finances, the new government term should start with a credible fiscal adjustment plan. The tightening of EU-wide climate policy wi...
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Economic Policy Council publishes annual report and holds a seminar Wed 1.2.
News 20.1.2023
Economic Policy Council will publish its annual report on the economic policy of the government and fiscal sustainability on February 1, 2023. An open seminar will be held for anyone interested in the report and themes such as green transition.
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Finnish Economic Policy Council background report: Lump-sum transfers are the most effective way to address unequal fuel tax burdens to low-income households
Press release 18.1.2023
According to a background report for the Finnish Economic Policy Council, lump-sum transfers are better at improving the equity of fuel taxation compared to reductions in income or fuel taxes. Tax reductions would disproportionately benefit high-income households. Furthermore, reductions in fuel ...
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VATT's research professor Tuomas Pekkarinen has passed away
News 2.12.2022
VATT's research professor Tuomas Pekkarinen died of an sudden attack of illness.
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VATT day 13.10.2022: Housing policy now!
News 13.10.2022
Housing is a big issue - we spend tens of billions on housing and it touches everyone of us. The housing market brings authorities, businesses and households together in many different ways - and with varying interests. With the help of research-based knowledge we are able to improve housing poli...
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VATT study: Increases in housing allowance do not increase the rent paid by beneficiaries
Press release 13.10.2022
Housing allowance was reformed in Finland in 2015 so that the size of the allowance was no longer dependent on the size of the dwelling. This reform significantly increased housing allowance for small homes. It was feared that the increased support for small homes would raise rents, diverting the...
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Newly launched Data Room produces rapid information for decision-making – Director’s position now open for applications
Press release 2.9.2022
To support evidence-based decision-making, a unit was established in Finland that is unique even by international standards. The Data Room, which has been granted funding for three years, is an independent unit of VATT Institute for Economic Research. It will work in close cooperation with Helsin...
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Finnish centre of excellence in tax systems research (FIT) Launch 1.9.: Keynote by Joel Slemrod
News 31.8.2022
The launch of the Finnish centre for excellence in tax systems research takes place on Thu Sept 1 in Tampere. The event's keynote speech is held by Professor Joel Slemrod (MIT), internally acclaimed economics researcher and pioneer in tax systems research.
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Study: Earnings declines following job loss in mass layoffs differ between countries in Europe – the impact is smallest in Sweden and Denmark, largest in Italy, Spain and Portugal
Press release 21.7.2022
Workers in Denmark and Sweden experience the lowest earnings declines following job loss in mass layoffs, while workers in Italy, Spain, and Portugal experience losses three times as high. Labour market policies have the potential to mitigate these differences.
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Student admissions reform of higher education institutions: Filling in most of student places based on certificate admissions made admission process more efficient
Press release 3.6.2022
As of 2020, at least half of students for higher education institutions have been selected based on their matriculation examination certificate or vocational education and training grades. Compared to the previous, fragmented application system, the change made student admissions more efficient, ...
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VATT study: Significant regional pay gaps in public social and healthcare services
Press release 25.3.2022
Social and healthcare service salaries are largest in Eastern Uusimaa and smallest in South Savonia. In basic healthcare, salaries in Helsinki are near lowest in the country, based on the VATT study published today.
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Rural low-income households bear a larger share of fuel carbon taxes
Press release 18.2.2022
An empirical study published in the Journal of Environmental Economics and Management (JEEM) finds that residents in low-income and rural areas are disproportionately affected by increases in fuel carbon taxes. The study reveals that a diesel carbon tax increase was fully passed on to consumer pr...
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Researchers: cutting corporate taxes may only have a limited impact on small firms
Press release 17.2.2022
Cutting taxes affecting firms is commonly seen as a way of increasing growth and the level of investment. In a new SNS report, however, economists Jarkko Harju, Aliisa Koivisto and Tuomas Matikka argue that this strategy is not a given, as they see no clear evidence that reduced corporate taxes r...
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Economic Policy Council: Uncertain times require responsive and credible fiscal policy
Press release 26.1.2022
Government support expedited the economic recovery in 2021. The chosen supportive fiscal stance for 2022 is appropriate given worsened economic outlook. To preserve sustainability a plan about consolidating public finances should be devised without delays.
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Economic Policy Council publishes annual report and holds an online seminar Wed 26.1.
News 21.1.2022
Economic Policy Council will publish its annual report on the economic policy of the government and fiscal sustainability on January 26, 2022. An open online seminar will be held for anyone interested in the report.