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Bank of Finland Bulletin 4/2023 : Monetary policy review, October 2023 : Monetary policy and the global economy
(25.10.2023)
Bank of Finland. Bulletin 4/2023
Bank of Finland. Bulletin 4/2023
Back to the old normal? : Monetary policy implementation in a landscape of rising interest rates and a shrinking Eurosystem balance sheet
(07.09.2023)
Bank of Finland Bulletin. Analysis 3/2023
Bank of Finland Bulletin. Analysis 3/2023
The past two years have seen a strong surge in inflation. In response, the European Central Bank (ECB) has tightened its monetary policy considerably: the key ECB interest rates have been raised by altogether 4.25%, and ...
The Bias of the ECB Inflation Projections : a State-Dependent Analysis
(22.05.2024)
Bank of Finland Research Discussion Papers 4/2024
Bank of Finland Research Discussion Papers 4/2024
We test for state-dependent bias in the European Central Bank’s inflation projections. We show that the ECB tends to underpredict when the observed inflation rate at the time of forecasting is higher than an estimated ...