Bank of Finland. Bulletin

Monetary policy and economic outlook 1

The electronic equipment industry and Finland's transformation into a high-tech economy 11
by Pentti Forsman

Structural inflation differences in an enlarged euro area 17
by Nils Björkstén

Retail payments in Finland: changes in the 1990s 21
by Jussi Snellman

Items:
The Board of the Bank of Finland Supplementary budget Commemorative coin for the church Commemorative coin for Helsinki 28

The Eurosystem's monetary policy instruments 30

Recent Bank of Finland research publications 33

Finland in brief 38

Visiting Scholars Programme 41

Balance sheet of the Bank of Finland 42

Charts C1