TY - BOOK ID - 85601913 TI - Finland’s Public Sector Balance Sheet : A Novel Approach to Analysis of Public Finance AU - Brede, Maren. AU - Henn, Christian. PY - 2018 SN - 1484351967 1484351940 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Accounting KW - Labor KW - Macroeconomics KW - Public Finance KW - Public Economics: General KW - Social Security and Public Pensions KW - National Budget, Deficit, and Debt: General KW - Debt KW - Debt Management KW - Sovereign Debt KW - Forecasts of Budgets, Deficits, and Debt KW - State and Local Government: Health, Education, and Welfare KW - Governmental Loans, Loan Guarantees, Credits, and Grants KW - Public Administration KW - Public Sector Accounting and Audits KW - Public Enterprises KW - Public-Private Enterprises KW - Nonwage Labor Costs and Benefits KW - Private Pensions KW - Fiscal Policy KW - Financial reporting, financial statements KW - Pensions KW - Civil service & public sector KW - Financial statements KW - Public sector KW - Pension spending KW - Fiscal stance KW - Public financial management (PFM) KW - Expenditure KW - Economic sectors KW - Fiscal policy KW - Finance, Public KW - Finland UR - https://www.unicat.be/uniCat?func=search&query=sysid:85601913 AB - 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. ER -