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Recent Developments in the Finnish Banking Sector

Andersen, Atso; Snellman, Jussi; Hyytinen, Ari - Suomen Pankki - 2000

In this paper we discuss recent developments in the Finnish banking sector. Our specific aim is to examine whether and to what extent recent developments in Finland are broadly in line with the trends common to banking sectors in Europe and also worldwide. <p> We focus on developments in banks’...</p>

Persistent link: https://www.econbiz.de/10005190755

New small firms and dimensions of economic performance

Shaffer, Sherrill; Hasan, Iftekhar; Zhou, Mingming - Suomen Pankki - 2009

Using data from US labour market areas, we quantify empirical associations between entry by small firms and a vector of economic performance measures encompassing levels, volatilities and growth rates of several income and employment variables. Distinct and robust associations are found for net...

Persistent link: https://www.econbiz.de/10005190767

Expectations, learning and monetary policy: an overview of recent research

Evans, George W; Honkapohja, Seppo - Suomen Pankki - 2007

the key results for interest-rate rules that deliver both uniqueness and stability of equilibrium under econometric …

Persistent link: https://www.econbiz.de/10005419689

Adaptive learning and monetary policy design

Evans, George W.; Honkapohja, Seppo - Suomen Pankki - 2002

stability under private agent learning. Appropriately designed expectations based rules can yield optimal rational expectations …

Persistent link: https://www.econbiz.de/10005648862

Performance of monetary policy with internal central bank forecasting

Honkapohja, Seppo; Mitra, Kaushik - Suomen Pankki - 2002

Recent models of monetary policy have analysed the desirability of different optimal and ad hoc interest-rate rules under the restrictive assumption that forecasts of the private sector and central bank are homogeneous. In this paper, we study from a learning perspective the implications of...

Persistent link: https://www.econbiz.de/10005648958

Robust learning stability with operational monetary policy rules

Evans, George W; Honkapohja, Seppo - Suomen Pankki - 2007

We consider the robust stability of a rational expectations equilibrium, which we define as stability under discounted … exhibit robust stability. We consider a variety of interest-rate rules, including instrument rules, optimal reaction functions … Honkapohja (2003, 2006) deliver robust learning stability. In contrast, many proposed alternatives become unstable under learning …

Persistent link: https://www.econbiz.de/10005648984

Inflation expectations and regime shifts in the euro area

Virén, Matti - Suomen Pankki - 2005

This paper focuses on the determination of inflation expectations. The following two questions are exam-ined: How much do inflation expectations reflect different economic and institutional regime shifts and in which way do inflation expectations adjust to past inflation? The basic idea in the...

Persistent link: https://www.econbiz.de/10005648996