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Viitteet 1-8 / 8
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 ...
Nowcasting Finnish GDP growth using financial variables : a MIDAS approach
(13.05.2020)
BoF Economics Review 4/2020
BoF Economics Review 4/2020
We analyse the performance of financial market variables in nowcasting Finnish quarterly GDP growth. Especially, we assess if prediction accuracy is affected by the sampling frequency of the financial variables. Therefore, ...
Quantiles of growth : household debt and growth vulnerabilities in Finland
(27.05.2021)
BoF Economics Review 2/2021
BoF Economics Review 2/2021
We analyze the relationship of the distribution of future GDP growth and accumulation of household debt in Finnish macroeconomic data from 1980 to 2019. We find clear evidence that exuberant accumulation of household debt ...
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 ...
Economic effects of a debt-to-income constraint in Finland : Evidence from Aino 3.0 model
(28.04.2021)
BoF Economics Review 1/2021
BoF Economics Review 1/2021
We analyze the economic effects of a debt-to-income constraint for the Finnish economy. Our benchmark is a DSGE model which is designed to capture the most prominent features of the Finnish economy and is calibrated using ...
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 ...
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 ...