National Audit Office of Finland - News
6.3.2017: A Structural Balance Seminar 2-3 March 2017 in Helsinki
A Workshop on Structural Balance – Uncertainty of Potential Output and Policy Implications took place on March 2nd–3rd 2017, in Helsinki, Finland. The event was hosted by the National Audit Office of Finland.
This seminar brought together some 30 professionals from a dozen of different national independent fiscal institutions (IFI members) around the Europe and from the top Finnish economic research institutions. Among participating IFI countries were Austria, Finland, Greece, Hungary, Italy, Latvia, Luxemburg, Malta, Serbia, Slovakia, Slovenia, and Spain. National experts represented Ministry of Finance, The Bank of Finland, Research Institute of the Finnish Economy (Etla), Finland’s Economic Policy Council, and PPT Pellervo Economic Research.
Here are some of the topics which were covered during the seminar:
• Assessment of the EC methodology for the measurement of potential output: alternative specifications and country experiences
• Alternative methodologies for output gap estimations
• Cyclical adjustment of budget balances, fiscal stance and policy implications
• Re-estimating budgetary semi-elasticity to alternative output gaps
• Tax revenue elasticities: micro and macro approaches
• Ex-post revisions of structural balances
• Rules-based fiscal policy
Further information available from Jenni Jaakkola, Economist, National Audit Office of Finland, firstname.lastname@example.org.
14 Feb 2017: NAOF’s Scientific Council until 31 Dec 2018
National Audit Office of Finland’s Scientific Council has 11 members:
- Advisor to the Board of the Bank of Finland, Lauri Kajanoja (economics)
- Postdoctoral researcher Ida Koivisto, University of Helsinki (law)
- Senior Adviser for Regulatory Impact Analysis, Antti Moisio, Prime Minister´s Office Finland (economics)
- Professor Olli Mäenpää, University of Helsinki (law)
- Professor Jukka Mähönen, University of Turku and University of Oslo (law)
- Professor Vuokko Niiranen, University of Eastern Finland (administrative science)
- Professor Lasse Oulasvirta, University of Tampere (public sector accounting)
- Professor Jukka Pirttilä, University of Tampere (economics)
- Professor Antti Ripatti, University of Helsinki (economics)
- Project Director, Adjunct Professor, Petri Virtanen, The Finnish Innovation Fund Sitra, (administrative science and public financial management)
- Professor Markku Wilenius, University of Turku (futures studies)
The Scientific Council serves as a network of experts from which the NAOF can request opinions, comments and training in matters concerning the development and assessment of the audit, evaluation and monitoring of central government finances.
National Audit Office of Finland audit the state's finances, monitor and evaluate fiscal policy and oversee election and party funding. We operate in affiliation with the Parliament as Finland's Supreme Audit Institution.Through our independent audit work we ensure that public funds are spent according to Parliament's decisions, in compliance with legislation and wisely and that fiscal policy is exercised in a sustainable manner.