02209cas a2200241 a 4500 AALejournalIMF014417 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498331333 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Finland : Selected Issues. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (60 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper on Finland discusses that the country is struggling to recover from the Great Recession, indicating that deeper, structural issues may be holding back growth. Estimates of potential output for Finland are an important part of the toolkit for policymakers-but they come with a degree of uncertainty. As this paper illustrates, the use of different methodologies and assumptions can lead to different results. However, there are indications that Finnish potential output growth is low at this juncture. From 1997 to 2007, potential growth, independent of the choice of smoothing, averages 3.2 percent per year. In 2013, that average has dropped to 0.2 with several of the models producing negative growth. This result indicates that the lack of a recovery in Finland is largely structural in nature. Therefore, any indication that the output gap is closing is due to falling potential rather than a pickup in growth. This leads to the advantages of structural reforms aiming to enhance Finland's long-term capacity. Total factor productivity enhancing measures could be crucial in helping the economy recover despite the time it takes to implement them. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/140 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/140/002.2014.issue-140-en.xml IMF e-Library