CRISIS IS OUR BUSINESS - ECONOMIC-POLICY IN FINLAND AND INSTABILITY IN THE ECONOMY

This article deals with Finnish economic policy since the thirties. The author has, together with Jukka Pekkarinen, recently published a book on the same subject. According to the author the economic policy in Finland has followed a line of its own. The main target has been economic growth, while the elimination of cyclical fluctuations has been of lesser importance. Furthermore, fiscal policy has been basically non-Keynesian and the main fiscal policy constraint has been the budgetary constraint. Fiscal policy has mostly been pro-cyclical and the instability of the Finnish economy has thus been aggravated.