Haku
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The macroeconomic implications of measurement problems due to digitalisation
(25.03.2019)
BoF Economics Review 1/2019
BoF Economics Review 1/2019
The impact of digitalisation is not fully reflected in economic statistics. Even though commonly used economic metrics such as GDP are still relevant in assessing the state of the economy, the production of statistics ...
Fiscal Stabilization in the United States : Lessons for Monetary Unions
(12.09.2019)
BoF Economics Review 6/2019
BoF Economics Review 6/2019
The debate about the use of fiscal instruments for macroeconomic stabilization has regained prominence in the aftermath of the Great Recession, and the experience of a monetary union equipped with fiscal shock absorbers, ...
Talous kasvaa - vai kasvaako? Kansantalouden tilinpidon revisiot tarkastelussa
(05.07.2019)
BoF Economics Review 5/2019
BoF Economics Review 5/2019
Talouden kehitystä kuvaavat tilastoaineistot valmistuvat viiveellä, ja tilastojen lukuja tarkennetaan eli revisioidaan lähdeaineistojen täydentyessä ja tarkentuessa. Tässä artikkelissa tarkastellaan kansantalouden ...
Banking crisis prediction with differenced relative credit
(06.06.2019)
BoF Economics Review 4/2019
BoF Economics Review 4/2019
Indicators based on the ratio of credit to GDP have been found to be highly useful predictors of banking crises. We study the difference in this ratio as an early warning indicator. We test a large number of different ...
Cross-border loan portfolio diversification, capital requirements, and the European Banking Union
(28.05.2019)
BoF Economics Review 3/2019
BoF Economics Review 3/2019
We provide preliminary evidence of potential risk reduction benefits from banks’ loan portfolio diversification cross-border within the Euro area. Using aggregate data on banking sector cor-porate loan losses for each Euro ...
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 ...