Haku
Viitteet 21-30 / 48
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, ...
Finland's exchange rate regime and European integration
(17.12.1988)
Bank of Finland Research Discussion Papers 33/1988
Bank of Finland Research Discussion Papers 33/1988
Finland's participation in the deepening European integration means a considerable change in her economic policy setting. Liberalization of capital movements and financial services will increase interest and exchange rate ...
Modelling a small open economy using a wavelet-based control model
(18.10.2017)
Bank of Finland Research Discussion Papers 32/2017
Bank of Finland Research Discussion Papers 32/2017
This paper develops a wavelet-based control system model that can be used to simulate fiscal and monetary strategies in an open economy context in the time-frequency domain. As the emphasis on real exchange rate stability ...
Dynamic models of the roundwood market in Finland
(16.12.1988)
Bank of Finland Research Discussion Papers 31/1988
Bank of Finland Research Discussion Papers 31/1988
We contribute to the discussion of the reasons why the supply of roundwood has lagged behind the growth of forests since the early 1970s. Our dynamic models of the roundwood market provide some evidence that the very low ...
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 ...
If the markka floated : Simulating the BOF4 model with fixed and floating exchange rates
(18.08.1988)
Bank of Finland Research Discussion Papers 17/1988
Bank of Finland Research Discussion Papers 17/1988
In this paper the BOF4 model of the Bank of Finland, which is estimated in a fi xed exchange rate - regime, i s transformed into a model with a floating exchange, rate. In endogenizing the exchange rate two al ternative ...
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 ...