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Talouskatsaus 8/2021
(13.01.2022)
Euroopan keskuspankki. Talouskatsaus 8/2021
Euroopan keskuspankki. Talouskatsaus 8/2021
Talouskatsaus 4/2021
(24.06.2021)
Euroopan keskuspankki. Talouskatsaus 4/2021
Euroopan keskuspankki. Talouskatsaus 4/2021
Talouskatsaus 2/2019
(21.03.2019)
Euroopan keskuspankki. Talouskatsaus 2/2019
Euroopan keskuspankki. Talouskatsaus 2/2019
Talouskatsaus 6/2018
(27.09.2018)
Euroopan keskuspankki. Talouskatsaus 6/2018
Euroopan keskuspankki. Talouskatsaus 6/2018
Analysing euro area inflation outlook with the Phillips curve
(08.09.2021)
BoF Economics Review 5/2021
BoF Economics Review 5/2021
This paper presents the New Keynesian Phillips Curve (NKPC) -based framework for analysing euro area inflation outlook. Our NKPC specification, that relies on market- and surveybased inflation expectations, explains well ...
On the formation of inflation expectations in turbulent times: The case of the euro area
(22.01.2018)
Economic Modelling June
Economic Modelling June
Studying formation of inflation expectations in the euro area we propose a novel method, integrating rational, adaptive and sticky-information models. We find that in recent turbulent times, formation of inflation expectations ...
The financial crisis changed the instruments but not the objectives of monetary policy
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
Central banks have acted forcefully to provide monetary accommodation. With little room for manoeuvre for standard interest rate policy, unconventional measures have been adopted. Committing to monetary accommodation gains ...
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 ...
Growth continues, outlook more moderate
(18.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
The outlook for global economic growth has moderated from the spring. Growth in international trade has decelerated. Confidence in the economic outlook remains fairly strong, but trade tensions, in particular, are a downside ...
Editorial : Monetary policy normalisation to proceed carefully and with measured pace
(03.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
The euro area's growth rate is set to moderate to approximately 2%. A reduction in unemployment has created suitable conditions for accelerated wage growth and a return in the path of inflation to the policy objective of ...