Helsinki GSE Discussion Papers

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Helsinki GSE Discussion Papers

Showing 3 publications

  • Entry/Exit Dynamics
  • Inflation Targeting
  • Multidimensional Expenditure
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  • Entry and exit

    Klaus Kultti and Eemil Ylä-Nikkilä

    We turn the zero-profit condition that is typically used to determine the number of firms into a game of entry/exit. We assume that identical firms compete in Cournot fashion, and when market …

    Discussion paper

  • Socially responsible lobbying

    Saara Hämäläinen and Sara Yi Zheng

    Lobbyists are nowadays increasingly involved in promoting businesses through societal investment, producing what has been paraphrased as “corporate beauty contests” due to the uncertain winning …

    Discussion paper

  • On Robustness of Average Inflation Targeting

    Seppo Honkapohja, Nigel McClung

    This paper considers average inflation targeting (AIT) policy in a New Keynesian model with adaptive learning agents. Our analysis raises concerns regarding robustness of AIT when agents have …

    Discussion paper