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The project ‘Nordic welfare watch’ is initiated by Iceland during the country’s presidency of the Nordic Council of Ministers. The work is divided into three different projects. 

1. How well prepared are the Nordic welfare systems for different types of crisis?
2. How well do welfare systems manage during financial crisis?
3. Developing social indicators in order to measure welfare. 

The first project comprises a steering group made up of five welfare researchers from each country, which will take it in turns to lead a research group in their own countries. The steering group for this project is led by Professor Gudny Björk Ekdal from the University of Iceland. 

The second project will mainly focus on the consequences the 1990s economic crisis had especially for Finland, Sweden and the Faroe Islands, and on the 2008 crisis for Iceland. The work will be carried out by researchers from the respective countries and will be led by Professor Stefan Olafsson in Iceland.  

The third project will be carried out in close cooperation with the Nordic Committee on Social Security Statistics, Nososko, and the Nordic Medico-Statistical Committee, Nomesko.