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Demand Side Hysteresis in Finland - What Can We Learn from SVARs?
Economic Policy Council Background Report (Talouspolitiikan arviointineuvosto, 26.01.2022)We study whether aggregate demand shocks have long-run effects on output and employment using data for Finland and a number of other European economies. We use a recently proposed identification strategy that combines sign ... -
The impact of wind power and electricity demand on the relevance of different short-term electricity markets: The Nordic case
Applied Energy : Open Access (Elsevier, 2021)Electricity wholesale markets are undergoing rapid transformation due to the increasing shares of variable renewable energy sources. We therefore asked whether trading activity is shifting from the traditionally dominant ...