Haku
Viitteet 41-50 / 1027
Matching and credit frictions in the housing market
(05.10.2015)
Bank of Finland Research Discussion Papers 20/2015
Bank of Finland Research Discussion Papers 20/2015
We study the interaction of matching and credit frictions in the housing market. In the model, risk-averse households may save or borrow in order to smooth consumption over time and finance owner housing. Prospective ...
Price level targeting with evolving credibility
(23.02.2018)
Bank of Finland Research Discussion Papers 5/2018
Bank of Finland Research Discussion Papers 5/2018
We examine global dynamics under learning in a nonlinear New Keynesian model when monetary policy uses price-level targeting and compare it to inflation targeting. Domain of attraction of the targeted steady state gives a ...
Assessing U.S. aggregate fluctuations across time and frequencies
(20.02.2019)
Bank of Finland Research Discussion Papers 5/2019
Bank of Finland Research Discussion Papers 5/2019
We study the behavior of key macroeconomic variables in the time and frequency domain. For this purpose, we decompose U.S. time series into various frequency components. This allows us to identify a set of stylized facts: ...
Information acquisition during a descending price auction with asymmetrically informed players
(27.01.2017)
Bank of Finland Research Discussion Papers 5/2017
Bank of Finland Research Discussion Papers 5/2017
This paper considers equilibrium behavior in a descending price auction with two players that are asymmetrically informed. The ”informed” player knows his valuation while the other does not. The uninformed player can acquire ...
Estimating conditional betas and the price of risk for a thin stock market
(16.03.1992)
Bank of Finland Research Discussion Papers 8/1992
Bank of Finland Research Discussion Papers 8/1992
This paper examines the Sharpe-Lintner Capital Asset Pricing Model (CAPM) in which time-varying-parameter models are altemative to the static market model. Prior evidence does not support the CAPM and suggests that market ...
Competition in Finnish banking : Two tests
(05.06.1991)
Bank of Finland Research Discussion Papers 8/1991
Bank of Finland Research Discussion Papers 8/1991
This paper extends Bresnahan's (1982) test of competition to the two-product case. Applying this extension, as well as Bresnahan's original one-product test to the Finnish banking industry before and after the deregulation ...
Devaluation expectations and speculative attacks on the currency
(17.06.1988)
Bank of Finland Research Discussion Papers 8/1988
Bank of Finland Research Discussion Papers 8/1988
In this paper balance-of-payments crises are studied in a framework in which investors do not know the threshol~ level of foreign reserves, the attainment of which implies that the central bank abandons its fixed exchange ...
High-skilled migration and agglomeration
(13.02.2017)
Bank of Finland Research Discussion Papers 7/2017
Bank of Finland Research Discussion Papers 7/2017
This paper reviews recent research regarding high-skilled migration. We adopt a data-driven perspective, bringing together and describing several ongoing research streams that range from the construction of global migration ...
Eesti Pank ja Viron rahajärjestelmä 1920- ja 1930-luvulla
(05.03.1992)
Bank of Finland Research Discussion Papers 7/1992
Bank of Finland Research Discussion Papers 7/1992
Tämän raportin tarkoituksena on antaa suomalaisille talousasiantuntijoille lisätietoja Viron rahatalouden kehityksestä kahden maailmansodan välisenä aikana. Eniten huomiota olen kiinnittänyt Eesti Pankin ja Viron oman ...
Uusprotektionismi
(22.01.1989)
Bank of Finland Research Discussion Papers 8/1989
Bank of Finland Research Discussion Papers 8/1989
Selvityksessä tarkastellaan uusien protektionististen toimien käyttöä, niiden perusteluja ja vaikutuksia. GATT:in neuvottelujärjestelmä on ollut jokseenkin voimaton 1980-luvulla estämään uusprotektionismin syntyä. Järjestelmä ...