Haku
Viitteet 11-20 / 27
Re-opening of banks' certificates of deposit market
(29.04.1990)
Bank of Finland Research Discussion Papers 6/1990
Bank of Finland Research Discussion Papers 6/1990
The paper analyzes the applicability of variable parameter models to examine the behaviour of the interest rates in the market for cd's on the first market day after the bank strike, 7.3.1990, and on the first "normal" ...
Velkakirjojen hinnoittelu arbitraasimallissa
(23.01.1991)
Bank of Finland Research Discussion Papers 3/1991
Bank of Finland Research Discussion Papers 3/1991
Tutkimuksessa tarkastellaan velkakirjan hinnan määräytymistä modernista portfolioteoriasta peräisin olevassa arbitraasikehikossa. Erityisesti käsitellään Coxin, Ingersollin ja Rossin (CIR) intertemporaalista hinnoittelumallia ...
Specifying a Bayesian vector autoregression for short-run macroeconomic forecasting with an application to Finland
(14.03.1991)
Bank of Finland Research Discussion Papers 4/1991
Bank of Finland Research Discussion Papers 4/1991
The aim of this paper is to specify a small econometric model capable of generating adjustment-free, short-run forecasts of key macroeconomic variables on a monthly basis. The aim is carried out using the vector autoregression ...
Maximum entropy and the existence of consistent aggregates : An application to U.S. banking
(11.09.1992)
Bank of Finland Research Discussion Papers 26/1992
Bank of Finland Research Discussion Papers 26/1992
A non-parametric framework for testing the existence of aggregates is developed. The framework is based on the notion of the maximum entropy formalism which is applied to model the size distribution of firms. The theory, ...
Interest rate elasticity of aggregate consumption : a time varying parameter approach
(20.12.1990)
Bank of Finland Research Discussion Papers 28/1990
Bank of Finland Research Discussion Papers 28/1990
The aim of this note is to examine whether the empirically documented positive interest rate elasticity of aggregate consumption in Finland is an artefact due to the previously widespread credit rationing. The aim is carried ...
Cointegration and causality of stock markets in two small open economies and their major trading partner nations
(23.06.1992)
Bank of Finland Research Discussion Papers 16/1992
Bank of Finland Research Discussion Papers 16/1992
This paper examines eointegration and Granger eatisality among the stock markets in the United States, the United Kindom, Germany, Sweden and Finland. The first three nations are the biggest trading partners of the two ...
Suomalaisten fox-indeksioptioiden hinnoittelu Monte Carlo -simulointia käyttäen
(14.06.1990)
Bank of Finland Research Discussion Papers 13/1990
Bank of Finland Research Discussion Papers 13/1990
The empirical work of this study consists of three parts: a time series analysis of the Finnish FOX stock index, Monte Carlo simulation of the theoretical index option prices and a comparison of the performance of the ...
Selviämmekö lamasta ehjin nahoin? : Bruttokansantuotteen rakennemallien estimointituloksia
(25.05.1992)
Bank of Finland Research Discussion Papers 15/1992
Bank of Finland Research Discussion Papers 15/1992
Tässä tutkimuksessa selvitetään aikasarjatarkastelun avulla Suomen kokonaistuotannon häiriöiden voimakkuutta ja pysyvyyttä. Bruttokansantuotteen kehitystä vuosina 1860-1991 tarkastellaan rakennemalleilla, joissa aikasarja ...
An analysis of advance effects of anticipated policy actions : Recent results with the finnish MICRO-QMED model
(10.07.1990)
Bank of Finland Research Discussion Papers 15/1990
Bank of Finland Research Discussion Papers 15/1990
This paper reports some policy simulations carried out with the Finnish MICRO-QMED model. This rational expectations model built at the Economics Department of Bank of Finland is used to evaluate the short-run effects of ...
Government size and economic growth : some evidence from a market price approach
(13.06.1990)
Bank of Finland Research Discussion Papers 12/1990
Bank of Finland Research Discussion Papers 12/1990
This paper presents a simple model of aggregate demand in current market prices, in which public sector employment affects aggregate (and private) demand via the total output, the lump-sum taxes and the valuation of public ...