Haku
Viitteet 31-40 / 47
Bank of Finland's long-run forecast framework with human capital
(16.12.2021)
BoF Economics Review 10/2021
BoF Economics Review 10/2021
Population ageing constitutes a central challenge to Finland. Understanding the Finnish economy’s likely future trajectory and the key sources of growth is important for the design of policies to counteract these adverse ...
Nowcasting the Finnish economy with a large Bayesian vector autoregressive model
(18.12.2017)
BoF Economics Review 6/2017
BoF Economics Review 6/2017
Timely and accurate assessment of current macroeconomic activity is crucial for policymakers and other economic agents. Nowcasting aims to forecast the current economic situation ahead of official data releases. We develop ...
Lessons learned from the world’s first CBDC
(15.09.2020)
BoF Economics Review 8/2020
BoF Economics Review 8/2020
Central banks worldwide are currently exploring so called Central Bank Digital Currencies (CBDC). The Avant smart card system created by the Bank of Finland in the 1990’s can be considered the world’s first CBDC and the ...
Mastering Central Bank Communication Challenges via Twitter
(20.12.2019)
BoF Economics Review 7/2019
BoF Economics Review 7/2019
This study examines the Twitter policies and use of European central banks. Almost every European central bank maintains an institutional Twitter account, but tweeting activity, tweet content and usage restrictions on ...
An unobserved components model for Finland : Estimates of potential output and NAWRU
(04.04.2019)
BoF Economics Review 2/2019
BoF Economics Review 2/2019
In this paper, we estimate a potential output model for Finland using an unobserved component model. The model builds on a production function approach, and features price and wage Phillips curves, Okun’s law and several ...
Level, distribution and long-term development of market power in Finland
(06.09.2018)
BoF Economics Review 2/2018
BoF Economics Review 2/2018
This study examines the level, distribution and development of market power in Finland between 1975 and 2016. The paper applies the methods proposed by Hall (2018a) and Hall (2018b). In contrast to some other international ...
Could corporate credit losses turn out higher than expected?
(18.08.2021)
BoF Economics Review 3/2021
BoF Economics Review 3/2021
While corporate credit losses have been low since the start of the Covid-19 pandemic, their future evolution is quite uncertain. Using a forecasting model with a solid track record, we find that the baseline scenario ...
Household debt, liquidity constraints and the interest rate elasticity of private consumption
(25.04.2023)
BoF Economics Review 2/2023
BoF Economics Review 2/2023
We study whether the level of household indebtedness is related to the interest rate elasticity of private consumption. Looking at Finnish aggregate data, we find no robust evidence of increased interest rate elasticity ...
Forecasting private investment in Finland using Q-theory and frequency decomposition
(26.06.2023)
BoF Economics Review 3/2023
BoF Economics Review 3/2023
We look for a forecasting model for private investments in Finland. As explanatory variables, we use different proxies of Tobin’s Q and cash flow as well as these series decomposed to different frequency components. The ...
Externalities and market failures of cryptocurrencies
(26.10.2023)
BoF Economics Review 4/2023
BoF Economics Review 4/2023
This paper discusses the externalities and market failures in cryptocurrency markets. In particular, I highlight the significant environmental externalities created by Proof-of-Work (PoW) cryptocurrencies, the most prominent ...