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Viitteet 41-48 / 48
Digitaalinen keskuspankkiraha
(03.11.2017)
BoF Economics Review 4/2017
BoF Economics Review 4/2017
Keskuspankit ovat perinteisesti laskeneet liikkeeseen seteleitä yleisön käytettäviksi. Digitalisaation myötä setelit alkavat olla teknisesti vanhentunut maksuväline, ja jotkut keskuspankit ovat harkinneet vähittäismaksamiseen ...
How Effective is the Taylor rule? : Some Insights from the Time-Frequency Domain
(19.02.2020)
BoF Economics Review 1/2020
BoF Economics Review 1/2020
When the central bank sets monetary policy according to a conventional or modified Taylor rule (which is known as the Taylor Principle), does this deliver the best outcome for the macroeconomy as a whole? This question is ...
The effects of the ECB’s pandemic-related monetary policy measures
(01.09.2021)
BoF Economics Review 4/2021
BoF Economics Review 4/2021
We assess the macroeconomic impact of pandemic-related monetary policy measures of the ECB. Conditioning on counterfactual interest rate paths that would have materialised in the absence of the policies, the macroeconomic ...
How effective quantitative tightening can be with a higher-for-longer pledge?
(16.02.2024)
BoF Economics Review 1/2024
BoF Economics Review 1/2024
We study the effect of quantitative tightening both without forward guidance and with higher for longer guidance. This is done by simulating quantitative tightening strategies in a dynamic stochastic general equilibrium ...
Geoeconomic fragmentation, globalization, and multilateralism
(18.03.2024)
BoF Economics Review 2/2024
BoF Economics Review 2/2024
The world is witnessing growing turbulence stemming from geopolitics and a tangible threat of economic disintegration. There are some indications of globalization in retreat, international trade growth slowing down and a ...
Microblogging money: Exploring the world’s central banks on Twitter
(05.04.2024)
BoF Economics Review 4/2024
BoF Economics Review 4/2024
This article looks into global central bank messaging on the Twitter social media platform. At the end of 2021, a total of 122 central banks and monetary authorities had registered accounts on Twitter. At that time, ...
Constructing a composite indicator to assess cyclical systemic risks : An early warning approach
(02.04.2024)
BoF Economics Review 3/2024
BoF Economics Review 3/2024
The main contribution of this paper is the construction of a cyclical systemic risk indicator from early warning indicators of banking crises (EWIs) used in Finland. Previous research has shown that combining EWIs can ...
Rahoitusolojen eritahtinen kiristyminen euroalueella
(22.04.2024)
BoF Economics Review 5/2024
BoF Economics Review 5/2024
Vuonna 2022 alkaneen koronnostosyklin välittyminen laina- ja talletuskorkoihin on ollut finanssikriisiä edeltänyttä nostosykliä hieman heikompaa. Toisaalta lainamäärien kehitys on ollut viimeisten kahden vuoden aikana ...