Other research publications
Research papers written at the Bank of Finland appear continuously in external series and other scientific publications, without formal peer review.
2013–2015
| Cristina Amado – Helinä Laakkonen Modelling time-varying volatility in financial returns: evidence from the bond markets in Essays in Nonlinear Time Series Econometrics, Niels Haldrup, Mika Meitz, and Pentti Saikkonen (eds), Oxford Scholarly Online, 2014 Chapter 6 Doi |
| Seppo Honkapohja – Iikka Korhonen Restarting growth in Europe after the Great Recession: CEE versus other countries in A New Model for Balanced Growth and Convergence: Achieving Economic Sustainability in CESEE Countries Ewald Nowotny – Peter Mooslechner – Doris Ritzberger-Grünwald (eds.), Edward Elgar Publishing, 2013: 19-35 |
| Boele Bonthuis – Valerie Jarvis – Juuso Vanhala What’s going on behind the euro area Beveridge curve(s)? ECB Working Paper, No 1586, September 2013 |
| Emmi Martikainen – Heiko Schmiedel – Tuomas Takalo Convergence in European retail payments ECB Occasional Paper Series, No 147, June 2013 |
| Matti Virén How can growth be accelerated in Europe? The Aftermath of the Global Crisis in the European Union Beáta Farkas (ed.), 2013: 19–36 |
2010–2012
| Maritta Paloviita – Matti Virén Are individual survey expectations internally consistent? Aboa Centre for Economics Discussion Paper, No 77, November 2012 |
| Maritta Paloviita – Matti Virén Analyzing the relationships between survey forecasts for different variables and countries Aboa Centre for Economics Discussion Paper, No 76, November 2012 |
| Juuso Vanhala – Heidi Schauman Euro area labour markets and the crisis ECB Occasional Papers, No 138, October 2012 |
| Esa Jokivuolle – Matti Virén Model-based downturn probabilities of default for Basel III Managing and measuring capital : For banks and financial institutions Michael K. Ong (ed.), Riskbooks, 2012: 319-336 |
| Maritta Paloviita – David Mayes Asymmetry and Inflation Dynamics in Different Specifications of the Phillips Curve for the Euro Area Perspectives on European Politics and Economics Gerald M. Mahoney (ed.), Nova Science Publishers, 2011: 183–212 |
| Esa Jokivuolle – Ilkka Kiema Leverage Ratio Requirement and credit allocation under Basel III University of Helsinki, Department of Economics Discussion Paper 645, 2010 |
| Esa Jokivuolle – Matti Viren – Oskari Vähämaa Transmission of macro shocks to loan losses in a deep crisis: The case of Finland Model risk: Identification, measurement and management, ed. Rösch, D. and H. Scheule, Riskbooks 183–207, 2010 BoF DP 26/2009 |
| Tuuli Koivu Monetary policy, asset prices and consumption in China ECB Working Paper 1240 15 Sep 2010 |
| Tuuli Koivu – Alicia Garcia-Herrero The impact of China’s exchange-rate policy on trade in Asia VOX-EU/CEPR Ebook: The US-Sino Currency Dispute: New Insights from Economics, Politics, and Law ed. by Simon J. Evenett, 15 April 2010 |
| Laura Solanko – Zuzana Fungáčová The Russian Banking Industry after the 2008/2009 crisis Russian Analytical Digest No.74, 3 March 2010 |
2009
| Esa Jokivuolle – Ilkka Kiema – Timo Vesala Credit allocation, capital requirements and procyclicality CEPR/ESI conference report, September 2009 (BoF DP 13/2007) |
| Risto Herrala Delegation and Liquidity The ICFAI University Journal of Governance and Public Policy July 2009 |
| Risto Herrala Blame the Bankers? An Empirical Study of Cyclical Credit Quality International Finance Review Vol. 10, 2009: 47–64 |
| Juha Kilponen – Juuso Vanhala Productivity and job flows: heterogeneity of new hires and continuing jobs in the business cycle European Central Bank Working Paper Series 1080/ August 2009 |
| Markus Haavio – Kaisa Kotakorpi The political economy of sin taxes CESifo Working Papers 2650, May 2009 |
| Maritta Paloviita Acerca de la generalidad de las curvas de Phillips neokeynesianas (On the Generality of the New Keynesian Phillips Curves) Ensayos Económicos Issue 55 July–September, 2009: 7–32 |
| Maritta Paloviita – Matti Viren The role of expectations in the inflation process in the euro area Inflation Expectations Peter J. N. Sinclair (ed.), Routledge, December 2009, Chapter 8 (BoF DP 6/2005) |
| Iikka Korhonen – Jarko Fidrmuc The impact of the global financial crisis on business cycles in Asian emerging economies CESifo Working Papers 2710, July 2009 |
| Iikka Korhonen – Paul Wachtel Observations on Disinflation in Transition Economies Monetary Policy in Low-Inflation Economies ed. David E. Altig, Ed Nosal, Cambridge University Press 2009: 215–253 |
| Iikka Korhonen – Jarko Fidrmuc – Ivana Bátorová Dynamic correlation analysis of business cycles of the emerging Asian giants: The awakening Characteristics of business cycles: Have they changed? Sonderheft 5/2009, Institut für Wirtschaftsforschung Halle, 2009: 121–134 |
| Aaron Mehrotra – Tomáš Slačík Evaluating Inflation Determinants with a Money Supply Rule in Four Central and Eastern European EU Member States Focus on European Economic Integration Q3/09, 6–21 |
| Aaron Mehrotra – Jouko Rautava Do Sentiment Indicators Help to Assess and Predict Actual Developments of the Chinese Economy? China in the World Economy, ed. Zhongmin Wu, Routledge 2009: 40–51 |
| Tuuli Koivu – Aaron Mehrotra – Riikka Nuutilainen An analysis of Chinese money and prices using a McCallum-type rule China's three decades of economic reforms ed. Xiaohui Liu, Wei Zhang, 2009, Routledge: 77–90 |
2008
| Esa Jokivuolle – Kimmo Virolainen – Oskari Vähämaa Macro model based stress testing of Basel II capital requirements Stress-testing for Financial Institutions – Applications, Regulations and Techniques ed. Rösch, D. and H. Scheule, Riskbooks 2008: 379–397 |
| Jouko Vilmunen Financial instability, supervision and central banks: An introduction Journal of Financial Stability, Volume 4, Issue 3, September 2008: 165-167 Doi |
| Matti Viren The economics of scale and scope in the lottery industry Gaming in the new market environment 2008: 160-183 |
| Ari Hyytinen – Tuomas Takalo Entrepreneurship and protection of financiers Nanjing Business Review, vol. 9, 120-139 |
| Antti Ripatti A dynamic new Keynesian life-cycle model: Societal aging, demographics, and monetary policy by Ippei Fujiwara and Yuki Teranishi. A comment Journal of Economic Dynamics and Control, Volume 32, Issue 8, August 2008: 2507-2511 Doi |
| Harri Hasko Public Debt Dynamics in Selected OECD Countries: The role of fiscal stabilisation and monetary policy Fiscal Policy: Current Issues and Challenges, 133-172 |
2007
| Tuomas Takalo Supervision of the European Banking Market: Comment Designing the New European Union Helge Berger – Thomas Moutos (eds.), Elsevier, 2007: 223–228 |
| Tuomas Takalo Agency problems and goal conflicts in achieving financial stability: the case of the EMU: Comment The structure of financial regulation David G. Mayes – Geoffrey Wood (eds.), Routledge, 2007: 260–263 |
| Robert M. Hunt – Samuli Simojoki – Tuomas Takalo Intellectual property rights and standard-setting in financial services: the case of Single European Payment Area (PDF 268 kB) Federal Reserve Bank of Philadelphia Working Papers 07-20, 2007 |
| Markus Haavio – Kaisa Kotakorpi The political economy of sin taxes Helsinki Center of Economic Research Discussion Papers No 185, September 2007 |
| Juha-Pekka Niinimäki – Tuomas Takalo Benchmarking and comparing entrepreneurs with incomplete information Helsinki Center of Economic Research Discussion Papers No 173, July 2007 |
| Tuomas Takalo – Tanja Tanayama – Otto Toivanen Returns to innovation: A structural treatment effect model of R&D subsidies Helsinki Center of Economic Research Discussion Papers No 153, March 2007 |
| Klaus Kultti – Tuomas Takalo – Juuso Toikka Patents hinder collusion Helsinki Center of Economic Research Discussion Papers No 144, January 2007 |
| David Mayes – Juha Kilponen Factor Mobility The European Union: Economics and Policies Ali El-Agraa (ed.), Cambridge University Press, 8th Edition, 2007: 144–164 |
| Task force of the monetary policy committee of the European System of Central Banks including Anssi Rantala (BoF) Corporate finance in the euro area European Central Bank Occasional Paper Series No 63 / June 2007 |
| Juuso Vanhala Essays on Labor Market Frictions, Technological Change and Macroeconomic Fluctuations University of Helsinki Research Reports No. 108:2007 |
| Antti Suvanto – Hannu Vartiainen Introduction: Is Health Different Finance and Incentives of the Health Care System, VATT Publications 45, 2007 |
| Antti Suvanto (ed) – Hannu Vartiainen (ed) Finance and incentives of the health care system ; proceedings of the 50th anniversary symposium of the Yrjö Jahnsson Foundation VATT Publications 45, 2007 |
| Klaus Kultti – Juuso Vanhala – Timo Vesala Adverse selection in dynamic matching markets Helsinki Center of Economic Research, Discussion paper No 154 / March 2007 |
| Samu Kurri Price changes in Finland. Some evidence from the micro CPI data ECB Working Paper Series 728 / February 2007 |
| Juha Kilponen – Concepcíon García-Iglesias Hopeakannasta eurovaluuttaan Muutoksen merkit; kvantitatiivisia perspektiivejä Suomen taloushistoriaan, Tilastokeskuksen tutkimuksia 245, 2007 (in Finnish) |
| Juha Kilponen – Helvi Kinnunen Demografia ja talouden sopeutumismekanismit - muutamia lisänäkökulmia ikääntymiskeskusteluun Ikääntymisen taloudelliset vaikutukset ja niihin varautuminen, Valtioneuvoston kanslian julkaisusarja 20 , 2007 (in Finnish) |
| Risto Herrala Rahoitussektorin merkitys Suomen kansantaloudelle Tilastokeskuksen tutkimuksia 245, 2007 (in Finnish) |
2006
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2005
| Luis J. Álvarez – Emmanuel Dhyne – Marco M. Hoeberichts – Claudia Kwapil – Hervé Le Bihan – Patrick Lünnemann – Fernando Martins – Roberto Sabbatini – Harald Stahl – Philip Vermeulen – Jouko Vilmunen Sticky prices in the euro area: a summary of new micro evidence • De Nederlandsche Bank (DNB), Working Paper No. 62 / December 2005 (PDF 525 kB) • Bank of France, Working Papers No 138 / November 2005 • ECB Working Paper Series No. 563 / December 2005 (PDF 621 kB) |
| Esa Jokivuolle – Samu Peura LGD in a structural model of default Altman & Resti & Sironi (eds.): Recovery risk; the next challenge in credit risk management, 2005: 201-216 |
| Jukka Jalava – Matti Pohjola – Antti Ripatti – Jouko Vilmunen Biased Technical Change and Capital-Labour Substitution in Finland, 1902-2003 Helsinki Center of Economic Research, Discussion Paper No 56 / March 2005 |
| Tuomas Takalo – Tanja Tanayama – Otto Toivanen Selection or self-rejection? Applications into a voluntary treatment program: The case of R&D subsidies • Helsinki Center of Economic Research, Discussion Paper No 76 / August 2005 • London School of Economics (LSE), RICAFE Working Paper No. 014, February 2005 (PDF 237 kB) |
| Panu Poutvaara – Tuomas Takalo Candidate Quality Helsinki Center of Economic Research, Discussion Paper No 74 / August 2005 |
| Emmanuel Dhyne – Luis J. Álvarez – Hervé Le Bihan – Giovanni Veronese – Daniel Dias – Johannes Hoffmann – Nicole Jonker – Patrick Lünnemann – Fabio Rumler – Jouko Vilmunen Price setting in the euro area: some stylized facts from individual consumer price data • Banco de Portugal, Estudos e documentos de trabalho, Working papers 6-05 Jun 2005 • National Bank of Belgium, Working Paper 74 (16.9.2005) • European Central Bank, Working Paper Series No. 524, September 2005 (PDF 746 kB) • Banco de España, Documentos de Trabajo Nº 0528, 2005 (PDF 672 kB) • Banque de France, Working paper nº 136, November 2005 |
| Lauri Kajanoja – Antti Ripatti Notes on the estimation for the Finnish term structure BIS Papers No. 25: Zero-coupon yield curves: technical documentation, October 2005 |
| Juha Kilponen – Mark Salmon Elements of robust decision theory applied to U.K. monetary policy (PDF 348 kB) Warwick Finance Research Institute, Working Paper Series WF05-233, August 2005 |
| Klaus Kultti – Tuomas Takalo Tulisiko ohjelmistojen ja liiketoimintamenetelmien patentointi sallia? Oikeustaloustieteellinen näkökulma (PDF 2.49 MB) Kansantaloudellinen aikakauskirja 2/2005: 165-174 (in Finnish) |
| Kaisa Kotakorpi – Tuomas Takalo Viestintämarkkinoiden sääntely ja laajakaistainvestoinnit Kasvio, A., T. Inkinen and H. Liikala (eds.): Tietoyhteiskunta: Myytit ja Todellisuus ("Regulation and investments in communications markets"), 2005: 307-324 (in Finnish) |
2003–2004
| Esa Jokivuolle – Samu Peura Stress Tests of Banks' Regulatory Capital Adequacy: Application to Tier 1 Capital The Basel Handbook: A Guide for Financial Practitioners. Ed. Michael Ong, Risk Books, London, 2004: 137–154 |
| Juha Kilponen – Torsten Santavirta Competition and innovation – microeconometric evidence using Finnish data VATT Research Reports 113, 2004 |
| Martin Ellison – Lucio Sarno – Jouko Vilmunen Caution or Activism? Monetary Policy Strategies in an Open Economy CEPR Discussion Papers 4766, November 2004 |
| Martin Ellison – Liam Graham – Jouko Vilmunen Strong contagion with weak spillovers CEPR Discussion Papers 4762, November 2004 |
| Panu Poutvaara – Tuomas Takalo Candidate Quality Center for Economic Studies, IFO Institute, CESifo Working Paper No. 1106, December 2003 |