Bank of Finland. Bulletin

Preface 1

Executive summary 5

Financial markets 9

Supply 23

Demand 32

Costs and prices 49

Forecast summary and risk assessment 56

Juha Kilponen - Antti Ripatti - Jouko Vilmunen
Aino: the Bank of Finland's new dynamic general equilibrium model of the Finnish economy 71

Hanna-Leena Männistö
Forecast errors in Bank of Finland forecasts 81

Olli Savela - Pentti Forsman
The accuracy of preliminary National Accounts data 91

Helvi Kinnunen
Expenditure pressures on public finances: how much can we afford? 101

Recent Bank of Finland research publications 107

Charts C1