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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 ...
Back to the old normal? : Monetary policy implementation in a landscape of rising interest rates and a shrinking Eurosystem balance sheet
(07.09.2023)
Bank of Finland Bulletin. Analysis 3/2023
Bank of Finland Bulletin. Analysis 3/2023
The past two years have seen a strong surge in inflation. In response, the European Central Bank (ECB) has tightened its monetary policy considerably: the key ECB interest rates have been raised by altogether 4.25%, and ...
How will the European Central Bank control interest rates in the future?
(29.08.2023)
Bank of Finland Bulletin. Analysis 3/2023
Bank of Finland Bulletin. Analysis 3/2023
The European Central Bank’s (ECB) monetary policy stance is implemented through market operations and other measures that aim to steer short-term money market interest rates towards the level set by the ECB’s Governing ...