Central bank research hub - Series: Bank of Finland Discussion Papers

Papers by year: All | 2018 | 2017 | 2016 | 2015 | 1990

How do shocks to bank capital affect lending and growth?

by Eero Tölö and Paavo Miettinen

Paper: 25/2018, 28.11.2018

JEL: C11, C32, C54
Effects of monetary policy decisions on professional forecasrs' expectations and expectations uncertainty

by Sami Oinonen , Matti Virén and Maritta Paloviita

Paper: 24/2018, 20.11.2018

JEL: E32, G02
Predicting relative forecasting performance : An empirical investigation

by Eleonora Granziera and Tatevik Sekhposyan

Paper: 23/2018, 08.11.2018

JEL: C22, C52, C53
Paradise lost? A brief history of DSGE macroeconomics

by Adam Gulan

Paper: 22/2018, 07.11.2018

JEL: B22, E13
The power of forward guidance and the fiscal theory of the price level

by Nigel McClung

Paper: 21/2018, 29.10.2018

JEL: D84, E50, E52, E58, E60, E63
Intermediation in a directed search model

by Klaus Kultti , Oskari Vähämaa and Tuomas Takalo

Paper: 20/2018, 26.10.2018

JEL: D4, L1
Enforcement of banking regulation and the cost of borrowing

by Manthos D. Delis , Iftekhar Hasan , Liuling Liu and Yota Deli

Paper: 19/2018, 18.10.2018

JEL: E44, E51, G21, G28
Democratic development and credit : "Democracy doesn`t come Cheap" But at least credit to its corporations will be

by Manthos D. Delis , Iftekhar Hasan and Steven Ongena

Paper: 18/2018, 11.10.2018

JEL: G21, G30, P16, P26, P27, P47
Private information and lender discretion across time and institutions

by Iftekhar Hasan and Gene Ambrocio

Paper: 17/2018, 10.10.2018

JEL: D82, G14, G21, G28
Did the Basel process of capital regulation enhance the resiliency of European Banks?

by Thomas Gehrig and Maria Chiara Iannino

Paper: 16/2018, 27.09.2018

JEL: B26, E58, G21, G28, H12, N24
Relative age effects in political selection

by Topi Hulkkonen , Tuomas Takalo and Janne Tukiainen

Paper: 15/2018, 08.08.2018

JEL: C21, D72, J13, J16, J24
Inference in structural vector auto regressions when the identifying assumptions are not fully believed : Re-evaluating the role of monetary policy in economic fluctuations

by Christiane Baumeister and James D. Hamilton

Paper: 14/2018, 20.06.2018

JEL: C11, C32, E52
Testing the systemic risk differences in banks

by Radu Tunaru , Esa Jokivuolle and Davide Vioto

Paper: 13/2018, 02.06.2018

JEL: G01, G32
Measuring the effects of conventional and unconventional monetary policy in the euro area

by Juho Anttila

Paper: 12/2018, 29.05.2018

JEL: E43, E44, E52, E58
Getting better? The effect of the single supervisory mechanism on banks' loan loss reporting and loan loss reserves

by Kim Ristolainen

Paper: 11/2018, 23.05.2018

JEL: G18, G21, G28
Going with the flows : New borrowing, debt service and the transmission of credit booms

by Mikael Juselius , Anton Korinek and Mathias Drehmann

Paper: 10/2018, 24.04.2018

JEL: D14, E17, E44, G01
Optimal monetary policy under bounded rationality

by Jonathan Benchimol and Lahcen Bounader

Paper: 9/2018, 19.04.2018

JEL: C53, D01, D11, E37, E52
The enduring link between demography and inflation

by Mikael Juselius and Elöd Takáts

Paper: 8/2018, 06.04.2018

JEL: E31, E52, J11
The equity risk premium and the low frequency of the term spread

by Conçalo Faria and Fabio Verona

Paper: 7/2018, 03.04.2018

JEL: C58, G11, G12, G17
High trend inflation and passive monetary detours

by Anna Florio , Alessandro Gobbi and Guido Ascari

Paper: 6/2018, 26.02.2018

JEL: E52, E62
Price level targeting with evolving credibility

by Seppo Honkapohja and Mitra Kaushik

Paper: 5/2018, 23.02.2018

JEL: E52, E58, E63
Extreme events and optimal monetary policy

by Kim Jinill and Francisco Ruge-Murcia

Paper: 4/2018, 06.02.2018

JEL: E4, E5
Price rigidities and the granular origins of aggregate fluctuations

by Ernosto Pasten , Raphael Schoenle and Michael Weber

Paper: 3/2018, 05.02.2018

JEL: E31, E32, O40
Systematic risk, bank moral hazard, and bailouts

by Michele Moretto , Bruno M. Parigi and Marcella Lucchetta

Paper: 2/2018, 23.01.2018

JEL: G00, G20, G21
Asymmetric information and the distribution of trading volume

by Matthijs Lof and Jos van Bommel

Paper: 1, 22.01.2018

JEL: D82, G12, G14
The real effects of overconfidence and fundamental uncertainty shocks

by Gene Ambrocio

Paper: 37, 22.12.2017

JEL: C32, D84, E37
Why so low for so long? A long-term view of real interest rates

by Piti Disyatat , Claudia Borio , Mikael Juselius and Phurichai Rungcharoenkitkul

Paper: 36/2017, 21.12.2017

JEL: E32, E40, E44, E50, E52
Uncertainty across volatility regimes

by Giovanni Caggiano , Giovanni Angelini , Emanuele Bacchiocchi and Luca Fanelli

Paper: 35/2017, 30.11.2017

JEL: C32, C51, E44, G01
Uncertainty shocks and firm dynamics : Search and monitoring in the credit market

by Thomas Brand , Fabien Tripier and Marlène Isoré

Paper: 34/2017, 22.11.2017

JEL: D8, E3, E4, E5
Modelling a small open economy using a wavelet-based control model

by David Hudgins and Patrick M. Crowley

Paper: 32/2017, 18.10.2017

JEL: C61, C63, C88, E52, E61, F47
Worker separation under performance pay : Empirical evidence from Finland

by Takao Kato , Mikko Mäkinen , Derek C. Jones and Panu Kalmi

Paper: 33/2017, 18.10.2017

JEL: J31, J33, J62, J63, M52
On corporate borrowing, credit spreads and economic activity in emerging economies : An empirical investigation

by Andrés Fernández and Julián Caballero

Paper: 31/2017, 18.10.2017

JEL: E32, E37, F34, F37, G15
Welfare effects of R support policies

by Tuomas Takalo and Tanja Tanayama

Paper: 30/2017, 18.10.2017

JEL: C31, L53, O31, O38
Welfare effects of R support policies

by Otto Toivanen , Tuomas Takalo and Tanja Tanayama

Paper: 30/2017, 16.10.2017

JEL: C31, L53, O31, O38
What does "below, but close to, two percent" mean? Assessing the ECB's reaction function with real time data

by Markus Haavio , Juha Kilponen , Maritta Paloviita and Pirkka Jalasjoki

Paper: 29/2017, 05.10.2017

JEL: E52, E58
Business cycle synchronisation in a currency union : Taking stock of the evidence

by Iikka Korhonen , Nauro F. Campos and Fidrmuc Jarko

Paper: 28/2017, 20.09.2017

JEL: E32, F42
Monopoly without a monopolist : An economic analysis of the bitcoin payment system

by Jacob D. Leshno , Gur Huberman and Ciamac Moallemi

Paper: 27/2017, 05.09.2017

JEL: D20, D40, L10, L50
Q, investment, and the financial cycle

by Fabio Verona

Paper: 26/2017, 02.09.2017

JEL: C49, E22, G31
Savvy parent, savvy child? Intergenerational correlations in returns to financial wealth

by Samuli Knüpfer , Elias Rantapuska and Matti Sarvimäki

Paper: 25/2017, 01.09.2017

JEL: D63, G11
Enforceability of non-complete agreements : When does state stifle productivity?

by Iftekhar Hasan , Haizhi Wang , Smriti Anand and Priyanka Sharma

Paper: 24/2017, 16.08.2017

JEL: J61, K2, O31
Real effects of bank capital regulations : Global evidence

by Iftekhar Hasan and Yota D. Deli

Paper: 23/2017, 12.08.2017

JEL: E6, G21, G28, O4
On the effect of business and economic university education on political ideology : An empirical note

by Manthos D. Delis , Iftekhar Hasan and Maria Iosifidi

Paper: 22/2017, 11.08.2017

JEL: D72, I21, M2
Does social capital matter in corporate decisions? Evidence from corporate tax avoidance

by Iftekhar Hasan , Chun-Keung (Stan) Hoi , Hao Zhang and Qiang Wu

Paper: 21/2017, 10.08.2017

JEL: A13, H26, M40, M41, Z13
Efficiency and dependency in a network of linked permit markets

by Juha Itkonen

Paper: 20/2017, 09.08.2017

JEL: D41, F13, L14, Q54, Q58
Secrecy, information shocks, and corporate investment : Evidence from European Union countries

by Mohamad Mazboudi and Iftekhar Hasan

Paper: 19/2017, 08.08.2017

JEL: D82, G31, M41
The risk-taking channel of monetary policy in the US : Evidence from corporate loan data

by Nikolaos Mylonidis , Manthos D. Delis and Iftekhar Hasan

Paper: 18/2017, 07.08.2017

JEL: E43, E52, G01, G21
The impacts of intellectual property rights protection on cross-border M

by Iftekhar Hasan , Xian Sun and Fahad Khalil

Paper: 17/2017, 06.08.2017

JEL: C23, F43, G32, G34, O31, O34
Do managerial risk-taking incentives influence firms' exchange rate exposure?

by Bill B. Francis , Delroy M. Hunter , Yun Zhu and Hasan Iftekhar

Paper: 16/2017, 05.08.2017

JEL: G32
On moral hazard and persistent private information

by Suvi Vasama

Paper: 15/2017, 04.08.2017

JEL: D82, D86
Contracting with long-term consequences

by Suvi Vasama

Paper: 14/2017, 03.08.2017

JEL: C73, D82, D86
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