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Monetary Policy in Transition – Essays on Monetary Policy Transmission Mechanism in China
Koivu, Tuuli - Suomen Pankki - 2012
policy impacts inflation and real economic developments in China. The results indicate that the conduct of monetary policy in … aims to hit an inflation target by simply controlling the target interest rate. First, China’s monetary policy toolkit is …
Persistent link: https://www.econbiz.de/10010584388
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Open market operations: beyond the new consensus
Toporowski, Jan - Suomen Pankki - 2006
The emergence of the New Consensus in monetary policy has been followed by a renewal of interest in central banks’ operating procedures, and specifically in the role of open market operations. There is a general view that overnight interest rates are most effectively controlled by standing or...
Persistent link: https://www.econbiz.de/10005423684
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Monetary Policy in the ERM: Internal Targets or External Constraints?
Ranki, Sinimaaria - Suomen Pankki - 1997
This study is concerned with the determinants of monetary policy in the ERM countries. We derive a monetary policy rule, an interest rate rule, from a minimization problem faced by the central bank. The loss function trades off costs of interest rate instability against benefits from successful...
Persistent link: https://www.econbiz.de/10005648931
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Bank of Finland annual report
Suomen Pankki - Helsinki - 1996(1997) -
Persistent link: https://www.econbiz.de/10000640486
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Bank of Finland annual report
Suomen Pankki - Helsinki : [Verlag nicht ermittelbar] - 1996-
Persistent link: https://www.econbiz.de/10009762226
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Liquidity and market efficiency : alive and well?
Liikanen, Erkki; Jylhä, Petri; Pennacchi, George G.; … - Joint Conference with the Bank of Finland in Helsinki …; … - 2015
On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of liquidity and market efficiency. The one-day program consisted of an opening speech, six presentations, including three keynotes, and a lunchtime address. The present SUERF Study...
Persistent link: https://www.econbiz.de/10011414459
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Essays on empirical macroeconomics
Mehrotra, Aaron N. - 2006
Persistent link: https://www.econbiz.de/10003367200
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Essays on macroeconomic effects of fiscal policy rules
Railavo, Jukka - 2006
Persistent link: https://www.econbiz.de/10003367202
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The role of expectations in the inflation process in the euro area
Paloviita, Maritta; Virén, Matti - Suomen Pankki - 2005
This paper analyses the role of inflation expectations in the euro area. On one hand, the question is how inflation … expectations affect both inflation and output, and, on the other hand, how inflation expectations reflect developments in these … variables. The analyses make use of a simple VAR model of inflation, inflation expectations and the output gap that allows for …
Persistent link: https://www.econbiz.de/10005648940
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Money market volatility, A simulation study
Kempa, Michal - Suomen Pankki - 2006
This paper analyses different operational central bank policies and their impact on the behaviour of the money market interest rate. The model combines profit maximising behaviour by commercial banks with the central bank supplying the liquidity that keeps the market rate on target. It seems...
Persistent link: https://www.econbiz.de/10005771141