Haku
Viitteet 1-5 / 5
Is the euro area at risk of Japanese-style deflation?
(20.03.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
Euro area inflation has long been below the European Central Bank’s objective for price stability and has continued to slow in recent months. This has given rise to heightened concerns that the euro area could soon be ...
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 ...
Transparency and communication improves the efficiency of monetary policy
(24.08.2018)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Inflation-targeting central banks adjust their interest rates in response to inflation. If inflation is well below target and monetary policy is credible, consumers and investors should expect interest rates to fall. If, ...
Editorial: How can we avoid a negative equilibrium of low growth and low inflation?
(03.10.2019)
Bank of Finland. Bulletin 4/2019
Bank of Finland. Bulletin 4/2019
Global economic growth began to moderate in early 2018. Industrial confidence has waned worldwide and global manufactures trade has seen its growth stall this year. Financial markets have avoided disruption for the time ...
Are market expectations in line with the forward guidance of the ECB?
(28.09.2017)
Bank of Finland. Bulletin 4/2017
Bank of Finland. Bulletin 4/2017
By promising low interest rates in the future, a central bank can provide stimulus for the economy today. The effectiveness of this kind of forward guidance can be assessed by the impact it has on market expectations ...