Haku
Viitteet 1-2 / 2
Neo-Fisherian monetary policy
(01.08.2017)
BoF Economics Review 2/2017
BoF Economics Review 2/2017
According to the Neo-Fisherian Hypothesis a nominal policy rate increase leads to an in-crease in the rate of inflation also in the short-run and the effects of Neo-Fisherian forward guidance on inflation and output are ...
Two tales of the natural rate of interest
(08.03.2017)
BoF Economics Review 1/2017
BoF Economics Review 1/2017
We estimate the long-term natural rate of interest for the euro area with two specifications of a simple semi-structural macroeconomic model. The estimates provide competing interpretations for the euro area’s current ...