16 Economics¶
Economic analysis shapes policy. Reports from central banks, ministries, and research institutions must communicate complex concepts accurately across languages. Pauhu's Economics domain handles technical economic content with precision.
Domain Coverage¶
The EuroVoc Economics domain includes:
| Sub-domain | Examples |
|---|---|
| 1606 Economic policy | Fiscal policy, monetary policy, structural reforms |
| 1611 Economic situation | Growth, recession, business cycles |
| 1616 Regions and regional policy | EU cohesion, regional development |
| 1621 Economic structure | Sectors, GDP composition, productivity |
| 1626 National accounts | GDP, GNI, economic statistics |
| 1631 Economic analysis | Forecasts, modeling, indicators |
Central Bank Communications¶
Monetary Policy Statements¶
from pauhu import Pauhu
client = Pauhu()
# Translate central bank statement
statement = client.translate(
text="""
The Governing Council today decided to keep the key ECB
interest rates unchanged. Based on our current assessment,
we expect them to remain at their present levels for an
extended period of time.
Inflation is projected to average 2.3% in 2025, before
declining to 1.9% in 2026.
""",
target="fi",
domain="16 Economics",
subdomain="monetary_policy",
institution="central_bank"
)
Monetary Policy Terms¶
| English | Finnish | Context |
|---|---|---|
| interest rate | korko | Policy rate |
| inflation | inflaatio | CPI-based |
| quantitative easing | määrällinen keventäminen | QE |
| forward guidance | ennakoiva viestintä | Policy communication |
| price stability | hintavakaus | ECB mandate |
Economic Research¶
Academic Economics¶
# Translate economic research paper
paper = client.translate(
text=economic_research_abstract,
target="fi",
domain="16 Economics",
subdomain="economic_analysis",
style="academic",
options={
"preserve_equations": True,
"statistical_terms": True
}
)
Research Terminology¶
| English | Finnish | Field |
|---|---|---|
| GDP (Gross Domestic Product) | BKT (bruttokansantuote) | National accounts |
| elasticity | joustavuus/elastisuus | Microeconomics |
| regression | regressio | Econometrics |
| coefficient | kerroin | Statistics |
| confidence interval | luottamusväli | Statistics |
| standard deviation | keskihajonta | Statistics |
Economic Policy Documents¶
Government Economic Policy¶
# Translate economic policy document
policy = client.translate(
text="""
ECONOMIC POLICY FRAMEWORK 2025-2028
Key targets:
- GDP growth: 2.0% average
- Unemployment: below 6%
- Public debt: declining trajectory
- Investment: 24% of GDP
Structural reforms:
- Labor market flexibility
- Pension system sustainability
- Digital transformation
""",
target="en",
domain="16 Economics",
document_type="policy_document",
institution="government"
)
Policy Terms¶
| English | Finnish | Context |
|---|---|---|
| fiscal policy | finanssipolitiikka | Government spending/taxation |
| structural reform | rakenteellinen uudistus | Long-term changes |
| austerity | talouskuri | Spending cuts |
| stimulus | elvytys | Economic boost |
| debt-to-GDP ratio | velkasuhde | Public finance |
EU Economic Governance¶
European Semester¶
# Translate EU economic document
eu_econ = client.translate(
text=country_specific_recommendation,
target="fi",
domain="16 Economics",
compliance=["EU_Semester", "SGP"],
document_type="country_report"
)
EU Economic Terms¶
| English | Finnish | Framework |
|---|---|---|
| European Semester | eurooppalainen ohjausjakso | EU governance |
| Stability and Growth Pact | vakaus- ja kasvusopimus | Fiscal rules |
| excessive deficit procedure | liiallisen alijäämän menettely | Enforcement |
| country-specific recommendations | maakohtaiset suositukset | Policy guidance |
| recovery and resilience | elpyminen ja palautuminen | RRF |
Regional Economics¶
Cohesion Policy¶
# Translate regional development document
regional = client.translate(
text="""
REGIONAL DEVELOPMENT PROGRAMME
Priority axes:
1. Smart specialisation and innovation
2. Green transition and sustainability
3. Digital connectivity
4. Social inclusion and skills
EU co-financing: 60%
National co-financing: 40%
""",
target="fi",
domain="16 Economics",
subdomain="regional_policy",
funds=["ERDF", "ESF+"]
)
Regional Policy Terms¶
| English | Finnish | Fund |
|---|---|---|
| cohesion policy | koheesiopolitiikka | EU structural |
| ERDF | EAKR | Regional development |
| ESF+ | ESR+ | Social fund |
| Cohesion Fund | koheesiorahasto | Infrastructure |
| smart specialisation | älykäs erikoistuminen | RIS3 |
Economic Statistics¶
Statistical Reports¶
# Translate statistical publication
statistics = client.translate(
text=gdp_release,
target="fi",
domain="16 Economics",
subdomain="statistics",
options={
"preserve_numbers": True,
"statistical_methodology": True,
"seasonally_adjusted": True
}
)
Statistical Terms¶
| English | Finnish | Usage |
|---|---|---|
| seasonally adjusted | kausitasoitettu | Time series |
| year-on-year | vuositasolla | Growth rate |
| quarter-on-quarter | neljännestasolla | Short-term |
| preliminary | ennakollinen | Early estimate |
| revised | tarkistettu | Updated data |
| baseline | perusura | Scenario analysis |
Economic Forecasting¶
Forecast Publications¶
# Translate economic forecast
forecast = client.translate(
text="""
ECONOMIC FORECAST - SPRING 2025
The economy is expected to grow by 1.8% in 2025,
supported by private consumption and exports.
Key assumptions:
- Oil price: USD 75/barrel
- EUR/USD: 1.08
- Global trade growth: 3.5%
Risk factors:
- Geopolitical uncertainty
- Energy price volatility
- Interest rate sensitivity
""",
target="fi",
domain="16 Economics",
document_type="forecast"
)
Forecast Terminology¶
| English | Finnish | Type |
|---|---|---|
| baseline scenario | perusura | Central forecast |
| upside risk | nousupuolen riski | Better outcome |
| downside risk | laskupuolen riski | Worse outcome |
| sensitivity analysis | herkkyysanalyysi | Impact testing |
| confidence band | luottamusväli | Uncertainty range |
Quality Assurance¶
Economics QA¶
| Check | What It Validates |
|---|---|
| Numerical accuracy | All statistics preserved |
| Technical terminology | Correct economic terms |
| Institutional style | Appropriate register |
| Statistical notation | Proper symbols/abbreviations |
| Time series consistency | Periods correctly translated |
Finnish Economic Context¶
Bank of Finland¶
# Translate Bank of Finland publication
bof = client.translate(
text=bof_bulletin,
target="en",
domain="16 Economics",
institution="suomen_pankki",
options={
"monetary_terminology": True,
"ecb_alignment": True
}
)
Finnish Economic Institutions¶
| Institution | Finnish | Role |
|---|---|---|
| Bank of Finland | Suomen Pankki | Central bank |
| Ministry of Finance | Valtiovarainministeriö | Fiscal policy |
| Statistics Finland | Tilastokeskus | Official statistics |
| VATT | VATT | Economic research |
| ETLA | Etla | Business research |
Getting Started¶
Quick Start¶
from pauhu import Pauhu
client = Pauhu()
# Translate economic content
result = client.translate(
text="GDP grew by 2.1% year-on-year in Q3.",
target="fi",
domain="16 Economics"
)
print(result.translation)
# "BKT kasvoi 2,1 % vuositasolla kolmannella neljänneksellä."
Economics Project Setup¶
# Create economic research project
project = client.projects.create(
name="Economic Outlook 2025",
domain="16 Economics",
languages=["en", "fi", "sv"],
settings={
"statistical_terminology": True,
"preserve_numbers": True,
"institution": "ministry"
}
)
Learn More¶
-
Monetary Policy
Central bank communications.
-
Statistics
Economic data and indicators.
-
Regional
Cohesion and development.
-
Policy
Government economic policy.