Haku

I estimate the effects of conventional and unconventional monetary policy in the euro area by using a factor-augmented vector autoregression.I complement the standard monetary policy analysis using the short rate with ...

This study examines aggregated short- and long-term inflation expectations in the unbalanced panel of the ECB Survey of Professional Forecasters. The focus of the study is on heterogeneity of expectations and changing panel ...

Energian hinnat ovat nousseet voimakkaasti euroalueella. Etenkin maakaasu ja sähkö ovat kallistuneet Venäjän hyökkäyssodan seurauksena. Energiakriisi voi vaikuttaa euroalueen talouskehitykseen pitkään. Euroalueen jäsenmaat ...

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 ...

Venäjän hyökkäyssota Ukrainassa on taittanut talouden lupaavan elpymisen kahden koronan leimaaman vuoden jälkeen. Hyökkäys on paitsi horjuttanut eurooppalaisen turvallisuusjärjestyksen perusteita, myös merkittävästi ...

Russia’s war in Ukraine is stifling the economy’s promising recovery following two years of the COVID-19 pandemic. The war has not only shaken the foundations of Europe’s security order but has also considerably weakened ...

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 ...

The euro area is a net energy importer. In 2020 slightly over 60% of the euro area’s gross available energy was imported from elsewhere. Soaring energy prices have pushed up import prices for euro area countries. This ...