Haku
Viitteet 1-10 / 14
India’s economy emerges from the pandemic
(10.03.2022)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Based on the first advance estimates for the fiscal year 2021–22, economic activity in India has returned to pre-pandemic levels. Like many other countries, the Asian economic giant has been hit hard by the COVID-19 pandemic. ...
On the merits of calendar-based forward guidance
(07.09.2015)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The existence of a lower bound for nominal interest rates complicates the monetary policy. Central banks have lately tried to circumvent this problem by applying non-standard monetary policy measures.
On fireside chats and optimal monetary policy
(01.12.2020)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The ECB is currently reviewing its monetary policy strategy. The work will continue and is due to be completed by September 2021. The Covid-19 pandemic first caused a delay in the schedule, but its more fundamental impact ...
Don’t blame the mirror if your face is faulty – assessing the symmetry of the ECB's monetary policy responses
(16.08.2021)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The symmetry of the guideline for the monetary policy stance has recently attracted considerable attention in central banks’ communications. Both the Fed and the ECB have, in their recent strategy reviews, laid out that ...
On financial stability, monetary policy, and macroprudential policy
(24.09.2021)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Should monetary policy concern itself with financial stability? If yes, how should it do so? These are some of the questions tackled in the recently concluded monetary policy strategy review by the European Central Bank ...
The ECB’s strategy review work highlights an evolution of views on monetary-fiscal interactions
(22.09.2021)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
As a part of their recent monetary policy strategy review, the ECB set up a workstream for the purpose of reviewing interactions between monetary and fiscal authorities in the euro area. The findings of this workstream ...
The stagflation beast is stirring : Is it back to the ‘70s?
(22.04.2022)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Back to the ‘70s? I’m referring to the talk in Europe and elsewhere of ‘stagflation’, a toxic blend of sluggish economic growth, escalating unemployment and simultaneously surging inflation.
The pandemic hits monetary policy in India
(01.12.2020)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
It has been a year since the inflation rate in India exceeded the target range of 2–6 percent and started to hover between 6–8 percent (Chart 1). The survey evidence signals that households expect inflation to continue ...
Money in the digital era
(08.06.2018)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Digitalisation is currently the most significant force transforming banking as well as the entire financial industry at large. Most payment and financial services have already shifted online and are readily accessible ...
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, ...