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Finland's cyclical expansion bolstered by investment and export growth
(18.12.2017)
Bank of Finland. Bulletin 5/2017
Bank of Finland. Bulletin 5/2017
The Finnish economy entered a phase of cyclical recovery in mid-2015. After several years of contraction and zero growth, Finnish GDP grew by 1.9% in 2016. Growth has continued to accelerate during the course of 2017. The ...
Alternative scenario : Sensitivity analysis using alternative outlooks for the global economy
(18.12.2017)
Bank of Finland. Bulletin 5/2017
Bank of Finland. Bulletin 5/2017
Finland's recent brisk economic growth is largely a consequence of the upswing in the global economy. The external environment has always played a decisive role in shaping Finland’s GDP and, in particular, export growth. ...
Long-term growth from a productivity and employment perspective
(27.01.2017)
Bank of Finland. Bulletin 5/2016
Bank of Finland. Bulletin 5/2016
In developed economies, the recovery from the financial crisis has been exceptionally arduous and productivity development in particular has been very subdued. Speculation has abounded as to whether economic growth will ...
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 ...
Volatility transfers between cycles: A theory of why the "great moderation" was more mirage than moderation
(15.10.2014)
Bank of Finland Research Discussion Papers 23/2014
Bank of Finland Research Discussion Papers 23/2014
In this paper we use a New Keynesian model to explain why volatility transfer from high frequency to low frequency cycles can and did occur during the period commonly referred to as the "great moderation". The model suggests ...
Financial depth, debt, and growth
(17.05.2017)
Bank of Finland. Scientific monographs. E 51
Bank of Finland. Scientific monographs. E 51
This thesis applies several econometric methods to a selection of country panels to study how growth is influenced by financial development and government debt. The first part presents the thesis discussion, including a ...
Helppolukuinen yhteenveto : Energiakriisi nostaa hintoja – kasvua heikentävät vaikutukset vielä edessä
(29.09.2022)
Euro & talous 3/2022
Euro & talous 3/2022
Energian hinnat ovat nousseet voimakkaasti euroalueella. Etenkin maakaasu ja sähkö ovat kallistuneet Venäjän hyökkäyssodan seurauksena. Energiakriisi voi vaikuttaa euroalueen talouskehitykseen pitkään. Euroalueen jäsenmaat ...
Energy will dominate euro area’s economic outlook for a long time yet
(28.10.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
The euro area has been drawn into an energy crisis that could have a long-term impact on the area’s economy. The escalating price of energy is increasing euro area import prices, weakening the current account and further ...
Sota tulee kalliiksi Venäjälle
(05.10.2022)
Euro & talous. Blogi
Euro & talous. Blogi
Venäjän hyökkäyssota Ukrainassa on ennen kaikkea valtava inhimillinen tragedia sekä isku Ukrainan taloudelle ja yhteiskunnalle. Myös Venäjä joutuu kuitenkin maksamaan kovan hinnan julmasta valinnastaan. Sodan hintalappua ...
Accessible summary : Energy crisis pushing up general price level – Adverse impact on economic growth still to come
(29.09.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
Energy prices have risen substantially within the euro area. Natural gas and electricity, in particular, have become more expensive as a consequence of Russia’s war in Ukraine. The effects of the energy crisis on the economy ...