Haku
Viitteet 1-5 / 5
Determinacy and E-stability with interest rate rules at the zero lower bound
(15.11.2021)
Bank of Finland Research Discussion Papers 14/2021
Bank of Finland Research Discussion Papers 14/2021
We evaluate and compare alternative monetary policy rules, namely average inflation targeting, price level targeting, and traditional inflation targeting rules, in a standard New Keynesian model that features recurring, ...
Assessing reliability of aggregated inflation views in the European Commission consumer survey
(05.07.2019)
Bank of Finland Research Discussion Papers 10/2019
Bank of Finland Research Discussion Papers 10/2019
Using a novel approach based on micro-level survey responses, we assess the reliability of aggregated inflation expectations estimates in the European Commission Consumer Survey. We identify the share of consumers, whose ...
Identifying money and inflation expectation shocks on real oil prices
(15.06.2023)
Bank of Finland Research Discussion Papers 10/2023
Bank of Finland Research Discussion Papers 10/2023
The paper adds money supply and inflation expectations shocks to a well-known three-variable structural model that identifies oil price shocks through fundamentals affecting the oil market. Impulse responses show the ...
Inflationary household uncertainty shocks
(24.04.2020)
Bank of Finland Research Discussion Papers 5/2020
Bank of Finland Research Discussion Papers 5/2020
I construct a novel measure of household uncertainty based on survey data for European countries. I show that household uncertainty shocks are not universally like negative demand shocks. Notably, household uncertainty ...
Inflation dynamics and forecast : frequency matters
(08.06.2021)
Bank of Finland Research Discussion Papers 8/2021
Bank of Finland Research Discussion Papers 8/2021
Policymakers and researchers see inflation characterized by cyclical fluctuations driven by changes in resource utilization and temporary shocks, around a trend influenced by inflation expectations. We study the in-sample ...