Haku
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The effects of conventional and unconventional monetary policy : identification through the yield curve
(22.01.2020)
Bank of Finland Research Discussion Papers 3/2020
Bank of Finland Research Discussion Papers 3/2020
Since the Great Recession, the main evolution in monetary policy has been its attempts to affect the medium and the long-term interest rates with instruments other than the policy rate. Consequently, measuring the stance ...
Talouskatsaus 8/2020
(07.01.2021)
Euroopan keskuspankki. Talouskatsaus 8/2020
Euroopan keskuspankki. Talouskatsaus 8/2020
Talouskatsaus 4/2020
(18.06.2020)
Euroopan keskuspankki. Talouskatsaus 4/2020
Euroopan keskuspankki. Talouskatsaus 4/2020
Yield Curve Control
(28.05.2020)
BoF Economics Review 5/2020
BoF Economics Review 5/2020
We study the yield curve control in Eurozone. We apply Chen, Cúrdia and Ferrero (2012) model that uses a financial friction to break Wallace’s neutrality. We calibrate a bond supply shock that corresponds to the observed ...
Corona crisis has increased the risk of stagnation in the euro area
(09.11.2020)
Bank of Finland. Bulletin 5/2020
Bank of Finland. Bulletin 5/2020
Stagnation is a period of slow economic growth often characterised by low interest rates and low inflation. It is most commonly associated with the development of the Japanese economy since the early 1990s. In the euro ...
Editorial : Monetary policy is supporting economic recovery — but the outlook for employment remains weak
(17.09.2020)
Bank of Finland. Bulletin 5/2020
Bank of Finland. Bulletin 5/2020
The lockdown measures introduced to contain the global health crisis posed by the coronavirus pandemic led to a sharp contraction in economic activity during the second quarter of 2020. The world economy has already entered ...
A fragile recovery from the pandemic crisis has begun
(09.11.2020)
Bank of Finland. Bulletin 5/2020
Bank of Finland. Bulletin 5/2020
The global economic crisis caused by the coronavirus pandemic intensified in March 2020. The health crisis and the lockdown measures necessary to contain the epidemic led to an exceptionally sudden and sharp decline in ...
Accessible summary : Economic uncertainty continues, recovery expected to be uneven
(09.11.2020)
Bank of Finland. Bulletin 5/2020
Bank of Finland. Bulletin 5/2020
The worldwide economic crisis caused by the corona pandemic peaked in March 2020. In the early part of the year both output and consumption contracted suddenly and strongly; in other words, goods and services were both ...
Bank of Finland Bulletin : Bank of Finland articles on the economy 5/2020
(17.09.2020)
Bank of Finland. Bulletin 5/2020
Bank of Finland. Bulletin 5/2020
Bank of Finland Bulletin: Bank of Finland articles on the economy 2/2020
(20.05.2020)
Bank of Finland. Bulletin 2/2020
Bank of Finland. Bulletin 2/2020