Helsinki GSE Discussion Papers

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Helsinki GSE Discussion Papers

Showing 4 publications

  • Inflation Targeting
  • Welfare
  • Selective Programs
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  • Welfare Effects of R&D Support Policies

    Tuomas Takalo, Tanja Tanayama, and Otto Toivanen

    We conduct a welfare analysis of R&D subsidies and tax credits using a model of innovation policy incorporating externalities, limited R&D participation and financial market imperfections. We …

    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