Latest news and press releases

  • Helsinki GSE economic situation room supports fast decision making amid the coronavirus crisis

    News 18.2.2021

    Helsinki GSE economic situation room supports fast decision making amid the coronavirus crisis

    The project highlights Finland as a solid example of effective and timely policy decisions due to availability of data. The latest report (February 18) provides insight on the latest developments in the labour market and for households and firms.

  • Monitoring study interim report on the student admissions reform published

    Press release 17.2.2021

    Monitoring study interim report on the student admissions reform published

    The objective of the student admissions reform is to streamline the transition to higher education and to improve the allocation of student places. In the monitoring study commissioned by the Ministry of Education and Culture, researchers from the Labour Institute for Economic Research (PT) and t...

  • Economic Policy Council: Fiscal space has shown its value during the Covid-19 crisis

    Press release 26.1.2021

    Economic Policy Council: Fiscal space has shown its value during the Covid-19 crisis

    Automatic stabilization and additional support by the government helped to limit economic losses in 2020. The chosen support measures for 2021, including providing financing to fight the corona crisis, are adequate.

  • Political representation matters for the distribution of local public goods across neighbourhoods

    Press release 21.1.2021

    Political representation matters for the distribution of local public goods across neighbourhoods

    Poorer neighbourhoods are under-represented in Finnish municipal councils. This inequality in geographic representation also has policy implications as school closures are less likely in districts with better representation in the municipal council. High-income residents react to school closures ...

  • Pilot plan to help sole entrepreneurs with recruitment

    Press release 19.1.2021

    Pilot plan to help sole entrepreneurs with recruitment

    Prime Minister Sanna Marin’s Government Programme outlines a plan to lower the threshold for companies to recruit employees through an experiment on recruitment subsidy. The aim is to support business growth and promote employment. The Ministry of Economic Affairs and Employment commissioned the ...

  • The early days of VATT: work behind the scenes of economic policy-making

    News 27.10.2020

    The early days of VATT: work behind the scenes of economic policy-making

    At the time of the 1970s economic crisis and the 1990s recession alike, unpopular political decisions could only be made once the policy-makers had their backs against the wall, and nothing much appears to have change since those days, says Seppo Leppänen. The long-serving Secretary General of th...

  • Study: Electronic prescribing improves quality of medical treatment

    Press release 26.10.2020

    Study: Electronic prescribing improves quality of medical treatment

    E-prescribing reduces the co-prescribing of harmful drug-combinations. This is according to a new study using comprehensive administrative data and the staggered introduction of a nationwide electronic prescribing system in Finland.

  • Looking to the 2020s: VATT conducts research of high international quality

    News 30.9.2020

    Looking to the 2020s: VATT conducts research of high international quality

    Anni Huhtala has served as Director General at VATT since 2015. During this period research indicators, which put particular emphasis on publication quality, have developed positively. "The Director General's task is to create an enabling framework for doing research," Huhtala describes her role ...

  • VAT cuts do not increase consumer purchasing power

    Press release 2.9.2020

    VAT cuts do not increase consumer purchasing power

    An empirical study published in the Journal of Political Economy finds that VAT cuts are less likely to be passed on to consumer prices than VAT hikes. Following a temporary VAT cut, prices can even be higher than on onset.

  • VATT in 2010s: More economist thinking in public debate

    News 9.7.2020

    VATT in 2010s: More economist thinking in public debate

    Juhana Vartiainen was working in Sweden as a civil servant, before he became the director general of VATT. He returned to Finland, because he felt it was his duty to alert Finns of the dangers of the widening sustainability gap. “The same way doctors defend vaccinations, economists must be ready ...

  • Three decades of research: Housing subsidies and taxes

    News 8.7.2020

    Three decades of research: Housing subsidies and taxes

    To celebrate VATT’s 30th anniversary we are publishing a series of texts presenting our core fields of research. In this second part of the series, we are focusing on our research into housing subsidies and taxes.

  • Study: Compulsory face mask policies do not affect community mobility

    Press release 29.6.2020

    Study: Compulsory face mask policies do not affect community mobility

    The requirement to wear face masks reduced people's mobility somewhat in the short term, whereas over a longer time period, the policy did not affect mobility. This is the finding of a recent study on the impacts of compulsory face mask policies on community mobility in Germany.

  • Study: Job displacement increases mortality risk

    Press release 9.6.2020

    Study: Job displacement increases mortality risk

    Job displacement because of a plant closure substantially increases the mortality risk of the displaced workers and their partners. This is the conclusion presented in a recent study on employees laid off during the 1990s recession and their families.

  • Longer patent durations are inefficient in promoting new drug development

    Press release 20.5.2020

    Longer patent durations are inefficient in promoting new drug development

    Longer patent durations are an inefficient way to promote the development of new drugs, since it also increases incentives for challenging patents, a new study finds. The results suggest that pharmaceutical patents should be made shorter, but broader.

  • VATT in the 2000s: New researcher generation and academic ambition

    News 15.5.2020

    VATT in the 2000s: New researcher generation and academic ambition

    Aki Kangasharju worked as a research director at VATT for ten years in the 2000s and for a year as the director general. “The most important thing about leading a research institute is finding a good balance between scientific credibility, supporting political decision-making and participating in...