The Boom and the Depression: An Analysis within the Aggregate–Demand – Aggregate–Supply Framework

Introduction

In Sauramo (1996) I started to analyse a most important and interesting period of Finnish economic history, the boom of the late eighties and the depression of the early nineties, by utilizing an econometric model. The main motivation for writing that paper was that the Finnish discussion about the causes of the depression would benefit from research based on econometric analysis.

One of the aims of the paper was to assess the relative merits of the various explanations about the causes of the depression. In the paper I outlined the Finnish debate by distinguishing three interpretations of the depression.

• ISSN: 1236-7184
• ISBN: 952-5071-19-7
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