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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 …
Persistent link: https://www.econbiz.de/10011414459
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Central bank liquidity auction mechanism design and the interbank market
Ollikka, Kimmo; Tukiainen, Janne - Suomen Pankki - 2013
We study whether the mechanism design in the central bank liquidity auctions matters for the interbank money market … valuations in the liquidity auctions. The model captures the relevant features of how the European Central Bank sells liquidity …
Persistent link: https://www.econbiz.de/10010698833
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Long swings and chaos in the exchange rate in a DSGE model with a Taylor rule
Bask, Mikael - Suomen Pankki - 2007
A DSGE model with a Taylor rule is augmented with an evolutionary switching between technical and fundamental analyses in currency trade, where the fractions of these trading tools are determined within the model. Then, a shock hits the economy. As a result, chaotic dynamics and long swings may...
Persistent link: https://www.econbiz.de/10005648889
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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 use a forward and backward looking model, calibrated for the euro area. The policymaker cannot completely observe the state of the economy. Money reveals some of the private...
Persistent link: https://www.econbiz.de/10005207135
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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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Essays on macroeconomic effects of fiscal policy rules
Railavo, Jukka - 2006
Persistent link: https://www.econbiz.de/10003367202
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Midas, transmuting all, into paper: The Bank of England and the Banque de France during the Revolutionary and Napoleonic Wars
Chadha, Jagjit S.; Newby, Elisa - Suomen Pankki - 2013
allowed the Bank of England to nurture British monetary orthodoxy. The Order of the Privy Council suspended gold payments on … Bank of England notes and afforded simultaneous protection to the government and the Bank in pursuit of the conflicting … goals of price stability and war finance. The government, the Bank of England and the commercial banks formed a loose …
Persistent link: https://www.econbiz.de/10010698830
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Robustness in monetary policymaking: a case for the Friedman rule
Kilponen, Juha; Leitemo, Kai - Suomen Pankki - 2006
model uncertainty which the central bank will want to guard against using robust policies. Such robustness comes however …
Persistent link: https://www.econbiz.de/10005190781
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Financial conditions indexes
Mayes, David; Virén, Matti - Suomen Pankki - 2001
bank reactions and helps central banks assess the stance of policy between forecasts. While stock prices are high frequency …
Persistent link: https://www.econbiz.de/10005648973