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Money as an indicator variable for monetary policy when money demand is forward looking

Kajanoja, Lauri - Suomen Pankki - 2003

This paper studies the gain from using money as an indicator when monetary policy in made under data uncertainty. We … state of the economy. Money reveals some of the private sector’s information to the policymaker, especially if there is a … forward looking element in money demand. We show that observing money can considerably reduce the loss that is due to …

Persistent link: https://www.econbiz.de/10005207135

Dynamic Effects of Demand and Supply Disturbances on the Finnish Economy: Did Liberalization of Capital Movements Matter?

Hartikainen, Johanna - Suomen Pankki - 1995

The purpose of this study is to analyze the dynamic effects of demand and supply disturbances on the Finnish economy. In addition, the study aims at finding out whether liberalization of capital movements affected the transmission of disturbances. The analysis is based on a vector autoregressive...

Persistent link: https://www.econbiz.de/10005648896

Signaling asset price bubbles with time-series methods

Taipalus, Katja - Suomen Pankki - 2012

This paper provides an early warning indicator for bubbles in financial markets. The indicator is based on traditional unit root tests, more precisely on the augmented Dickey-Fuller test and may be used in a repeated manner with rolling samples. The performance of the indicator is tested...

Persistent link: https://www.econbiz.de/10010611666

Financial crises and bank failures: a review of prediction methods

Demyanyk, Yuliya; Hasan, Iftekhar - Suomen Pankki - 2009

In this article we provide a summary of empirical results obtained in several economics and operations research papers that attempt to explain, predict, or suggest remedies for financial crises or banking defaults, as well as outlines of the methodologies used. We analyze financial and economic...

Persistent link: https://www.econbiz.de/10008509430

Detecting asset price bubbles with time-series methods

Taipalus, Katja - Suomen Pankki - 2012

To promote the financial stability, there is a need for an early warning system to signal the formation of asset price misalignments. This research provides two novel methods to accomplish this task. Results in this research shows that the conventional unit root tests in modified forms can be...

Persistent link: https://www.econbiz.de/10010818810

Bank of Finland annual report

Suomen Pankki - Helsinki - 1996(1997) -

Persistent link: https://www.econbiz.de/10000640486

Bulletin / Bank of Finland

Suomen Pankki - Helsinki - 62.1988 -

Persistent link: https://www.econbiz.de/10000429490

Bank of Finland annual report

Suomen Pankki - Helsinki : [Verlag nicht ermittelbar] - 1996-

Persistent link: https://www.econbiz.de/10009762226

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

Essays on empirical macroeconomics

Mehrotra, Aaron N. - 2006

Persistent link: https://www.econbiz.de/10003367200