Helsinki GSE Discussion Papers

The Helsinki GSE Discussion Paper series is available on EconStor. EconStor is an open access server that provides a platform for the free distribution of academic literature in economics.

Helsinki GSE Discussion Papers

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  • Diagnostic Expectations
  • Selective Programs
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  • Sovereign Risk under Diagnostic Expectations

    Stefan Niemann and Timm M. Prein

    This paper studies the effects of overreaction to recent news for macroeconomic outcomes in the context of a quantitative model of sovereign debt and default. Overreaction is formalized in terms of …

    Discussion paper

  • Parental Education and Invention: The Finnish Enigma

    Philippe Aghion, Ufuk Akcigit, Ari Hyytinen, and Otto Toivanen

    Why is invention strongly positively correlated with parental income not only in the US but also in Finland which displays low income inequality and high social mobility? Using data on 1.45M Finnish …

    Discussion paper