Haku
Viitteet 1-7 / 7
The financial crisis changed the instruments but not the objectives of monetary policy
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
Central banks have acted forcefully to provide monetary accommodation. With little room for manoeuvre for standard interest rate policy, unconventional measures have been adopted. Committing to monetary accommodation gains ...
Secular stagnation : A false alarm in the euro area?
(04.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
Worries about secular stagnation, a prolonged period of low growth, arose after the Great Recession. In the euro area, such fears may appear misguided given sound growth, tightening labour markets and expectations of gradual ...
Editorial : Monetary policy normalisation to proceed carefully and with measured pace
(03.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
The euro area's growth rate is set to moderate to approximately 2%. A reduction in unemployment has created suitable conditions for accelerated wage growth and a return in the path of inflation to the policy objective of ...
The natural rate of interest – a useful but uncertain indicator for the economy
(12.10.2016)
Bank of Finland. Bulletin 4/2016
Bank of Finland. Bulletin 4/2016
The natural rate of interest is the real interest rate that brings the economy into equilibrium and would prevail if the output of the economy were at its potential level, i.e. in a situation where the economy is neither ...
Bank of Finland Bulletin: Bank of Finland articles on the economy 1/2019
(03.04.2019)
Bank of Finland. Bulletin 1/2019
Bank of Finland. Bulletin 1/2019
What is the effect of unconventional monetary policy on asset prices? – A literature review
(01.02.2016)
Bank of Finland Bulletin. Analysis
Bank of Finland Bulletin. Analysis
Following the financial crisis and the subsequent decrease in economic growth, major central banks have cut interest rates close to zero and introduced non-standard policy measures, such as outright asset purchases, to ...
Slightly negative central bank interest rates ease financial conditions
(12.11.2019)
Bank of Finland. Bulletin 4/2019
Bank of Finland. Bulletin 4/2019
Negative interest rates have been an integral part of the ECB's overall monetary accommodation for just over five years now. The ECB lowering its deposit facility below zero has especially reduced the cost of market-based ...