01813cas a2200253 a 4500 AALejournalIMF018366 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484349885 1018-5941 BD-DhAAL BD-DhAAL Brede, Maren. Finland's Public Sector Balance Sheet : A Novel Approach to Analysis of Public Finance / Maren Brede, Christian Henn. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (44 pages) IMF Working Papers <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 We construct a comprehensive public sector balance sheet for Finland from 2000 to 2016 by complementing general government statistics with data on public corporations and public pensions. We show that exposure to valuation changes in equity markets through asset holdings and increases in pension liabilities relative to GDP amplify crisis impacts on public finances. We expand the balance sheet by including present value estimates of future fiscal flows; this allows us to perform fiscal stress tests and policy experiments. These analyses suggest that Finland's public finances will remain sound provided ongoing reform and consolidation efforts to address aging pressures are implemented as planned. Mode of access: Internet Henn, Christian. IMF Working Papers; Working Paper ; No. 2018/078 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/078/001.2018.issue-078-en.xml IMF e-Library