A new top-level graduate school and research unit for economics (Helsinki Graduate School of Economics) will be established in Finland. Preparations will commence in cooperation with Aalto University, the University of Helsinki and Hanken School of Economics. The objective of the new graduate school is to meet the demand for economics competence and teaching in Finland. The Bank of Finland, together with VATT Institute for Economic Research and the Ministry of Education and Culture, support the establishment of the unit and have expressed their preparedness to provide resources for its operation.

"The aim of this project is to create in Finland a globally significant research and teaching unit for economics. The unit will significantly strengthen teaching and research in the field of macroeconomics in Finland. The Bank of Finland has decided to support its operation," says Bank of Finland Governor Erkki Liikanen. The analysis of fiscal and monetary policy effects on the economy is a key area of macroeconomics.

It is important for Finland to keep up with international developments in the field of economics. The Bank of Finland issued on 14 November 2016 a statement (in Finnish only) on the need to develop economics research and competence in Finland. The statement emphasised the importance of the top-level economic policy analysis that is required in decision-making, and the need for high-quality teaching and research to back this up, particularly in the fields of macroeconomics and finance.

For further information, please contact Tuomas Välimäki, Head of Monetary Policy and Research, tel. +358 9 183 2582.