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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 ...
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 ...