The power of the economic outlook: An ideational explanation of the distinct pattern of Finnish wage setting within the Nordic context

Kaitila, J., Sorsa, V.-P. & Alaja, A. (2022). European Journal of Industrial Relations. 

The article describes the dynamics related to crisis awareness and ideas through a case study of the Finnish policy process leading to the Competitiveness Pact of 2016. The writers argue that certain ideas (or an ‘economic outlook’) prescribed and legitimized exhausting institutional resources in wage regulation and enabled temporary consensus among divergent interests regarding wage policy.