Reform Capacity and Macroeconomic Performance in the Nordic Countries
Publisher: Oxford University Press
Published: 2015
Language: eng
Number of pages: 368
ISBN-13: 9780198717102
Subjects: Macroeconomics; Scandinavia, economic conditions
Description: The outbreak of the financial crisis in 2008 has had significant effects on economic activity, unemployment, and public finances for all European countries. However, European economies do not form a homogenous region, and any serious analysis of macroeconomic imbalances in Europe must account for the fact that different economic and political models and circumstances operate across the continent. This book focuses on the Nordic countries which have a relatively good record of undertaking fiscal and structural reforms after their own financial and debt crises in the 1980s and 1990s.