Haku
Viitteet 1-10 / 25
Bankruptcies and aggregate economic fluctuations
(10.09.1992)
Bank of Finland Research Discussion Papers 25/1992
Bank of Finland Research Discussion Papers 25/1992
This paper explores the determinants of aggregate economic fluctuations in Finland. The analysis makes use of aggregate monthly time series for some financial and non-financial variables. covering the period 1922-1990. In ...
Assessing U.S. aggregate fluctuations across time and frequencies
(20.02.2019)
Bank of Finland Research Discussion Papers 5/2019
Bank of Finland Research Discussion Papers 5/2019
We study the behavior of key macroeconomic variables in the time and frequency domain. For this purpose, we decompose U.S. time series into various frequency components. This allows us to identify a set of stylized facts: ...
Forecasting inflation with the New Keynesian Phillips curve : Frequency matters
(21.04.2020)
Bank of Finland Research Discussion Papers 4/2020
Bank of Finland Research Discussion Papers 4/2020
We show that the New Keynesian Phillips Curve (NKPC) outperforms standard benchmarks in forecasting U.S. inflation once frequency-domain information is taken into account. We do so by decomposing the time series (of inflation ...
Time-frequency forecast of the equity premium
(27.04.2020)
Bank of Finland Research Discussion Papers 6/2020
Bank of Finland Research Discussion Papers 6/2020
Any time series can be decomposed into cyclical components fluctuating at different frequencies. Accordingly, in this paper we propose a method to forecast the stock market's equity premium which exploits the frequency ...
Rahoitus- ja pankkitoiminnan tehokkuus Suomessa
(13.01.1989)
Bank of Finland Research Discussion Papers 4/1989
Bank of Finland Research Discussion Papers 4/1989
Tutkimuksessa tarkastellaan sekä aikasarja-, että poikkileikkaustarkasteluin rahoitus- ja pankkitoiminnan tehokkuutta noudattaen ns. reaalikustannusten lähestymistapaa. Tarkoituksena on selvittää rahoitus- ja pankkitoiminnan ...
Testing the Q theory of investment in the frequency domain
(20.12.2016)
Bank of Finland Research Discussion Papers 32/2016
Bank of Finland Research Discussion Papers 32/2016
We revisit the empirical performance of the Q theory of investment, explicitly taking into account the frequency dependence of investment, Tobin’s Q, and cash flow. The time series are decomposed into orthogonal components ...
Joukkovelkakirjalainojen tuotto Suomessa 1948 - 1986
(14.02.1989)
Bank of Finland Research Discussion Papers 10/1989
Bank of Finland Research Discussion Papers 10/1989
Tässä selvityksessä esitetään kuukausittaiset aikasarjat valtion obligaatioiden efektiivisistä tuotoista 1948 - 1986 ja verollisten yksityisten joukkovelkakirjojen tuotoista 1971 - 1986. Pörssinoteerauksista laskettuja ...
Leading indicators of systemic banking crises: Finland in a panel of EU countries
(16.06.2014)
Bank of Finland Research Discussion Papers 14/2014
Bank of Finland Research Discussion Papers 14/2014
This paper investigates leading indicators of systemic banking crises in a panel of 11 EU countries, with a particular focus on Finland. We use quarterly data from 1980Q1 to 2013Q2, in order to create a large number of ...
Suomalaisten fox-indeksioptioiden hinnoittelu Monte Carlo -simulointia käyttäen
(14.06.1990)
Bank of Finland Research Discussion Papers 13/1990
Bank of Finland Research Discussion Papers 13/1990
The empirical work of this study consists of three parts: a time series analysis of the Finnish FOX stock index, Monte Carlo simulation of the theoretical index option prices and a comparison of the performance of the ...
Selviämmekö lamasta ehjin nahoin? : Bruttokansantuotteen rakennemallien estimointituloksia
(25.05.1992)
Bank of Finland Research Discussion Papers 15/1992
Bank of Finland Research Discussion Papers 15/1992
Tässä tutkimuksessa selvitetään aikasarjatarkastelun avulla Suomen kokonaistuotannon häiriöiden voimakkuutta ja pysyvyyttä. Bruttokansantuotteen kehitystä vuosina 1860-1991 tarkastellaan rakennemalleilla, joissa aikasarja ...