Haku
Viitteet 1-10 / 497
The risk-taking channel of monetary policy in the US : Evidence from corporate loan data
(07.08.2017)
Bank of Finland Research Discussion Papers 18/2017
Bank of Finland Research Discussion Papers 18/2017
To study the presence of a risk-taking channel in the US, we build a comprehensive dataset from the syndicated corporate loan market and measure monetary policy using different measures, most notably Taylor (1993) and Romer ...
The finnish experience on maintaining a currency band in the 1980s
(17.12.1990)
Bank of Finland Research Discussion Papers 26/1990
Bank of Finland Research Discussion Papers 26/1990
The paper reviews the Finnish experience of maintaining an explicit currency band since its creation in 1977. The emphasis is on the latter half of the 1980s, which is a period of free capital movements and unregulated ...
ECB’s expanded asset purchase programme has supported growth in Finland
(27.01.2017)
Bank of Finland. Bulletin 5/2016
Bank of Finland. Bulletin 5/2016
The expanded asset purchase programme (EAPP) has had a significant positive impact on macroeconomic developments in Finland. The ECB’s decisions of December 2015 and March 2016 are forecast to boost Finland’s GDP by ...
Monetary policy will continue to support price stability and growth
(20.12.2016)
Bank of Finland. Bulletin 5/2016
Bank of Finland. Bulletin 5/2016
Of the various factors of uncertainty surrounding the international economic outlook at the present time, a substantial proportion relates to policy choices. Much expectation focuses on US economic policy in the immediate ...
Monetary policies to counter the zero interest rate: an overview of research
(20.08.2015)
Bank of Finland Research Discussion Papers 18/2015
Bank of Finland Research Discussion Papers 18/2015
Many central banks have lowered their interest rates close to zero in response to the crisis since 2008. In standard monetary models the zero lower bound (ZLB) constraint implies the existence of a second steady state in ...
Price level targeting with evolving credibility
(23.02.2018)
Bank of Finland Research Discussion Papers 5/2018
Bank of Finland Research Discussion Papers 5/2018
We examine global dynamics under learning in a nonlinear New Keynesian model when monetary policy uses price-level targeting and compare it to inflation targeting. Domain of attraction of the targeted steady state gives a ...
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: ...
Eesti Pank ja Viron rahajärjestelmä 1920- ja 1930-luvulla
(05.03.1992)
Bank of Finland Research Discussion Papers 7/1992
Bank of Finland Research Discussion Papers 7/1992
Tämän raportin tarkoituksena on antaa suomalaisille talousasiantuntijoille lisätietoja Viron rahatalouden kehityksestä kahden maailmansodan välisenä aikana. Eniten huomiota olen kiinnittänyt Eesti Pankin ja Viron oman ...
The enduring link between demography and inflation
(06.04.2018)
Bank of Finland Research Discussion Papers 8/2018
Bank of Finland Research Discussion Papers 8/2018
Demographic shifts, such as population ageing, have been suggested as possible explanations for the recent decade-long spell of low inflation. We identify age structure effects on inflation from cross-country variation in ...
EMU:n vaikutus talouspolitiikkaan ja sen työnjakoon Suomessa
(25.11.1992)
Bank of Finland Research Discussion Papers 40/1992
Bank of Finland Research Discussion Papers 40/1992
Talouspolitiikan liikkumavara on Suomessa viimeisen kymmenen vuoden aikana supistunut ja samalla talouspolitiikan työnjako on muuttunut. Talouspoliittiset päätökset Suomen lähialueilla ovat heijastuneet myös talouspoliittiseen ...