ISSN 1456-5889 (online)
A series devoted to academic studies by BOFIT economists and guest researchers. The focus is on works relevant for economic policy and economic developments in transition/ emerging economies by BOFIT economists and guest researchers .
BOFIT Discussion Papers are intended to disseminate research quickly in preliminary form to encourage discussion and suggestions for revision or improvement. They may have been presented at conferences or workshops already, but will not yet have been published in journals.
Please keep in mind that the papers are published in the name of the author(s). Their views do not necessarily reflect those of the Bank of Finland or BOFIT.