Jarmo Kontulainen

Jarmo Kontulainen

Adviser to the Board

Jarmo Kontulainen is Adviser to the Board issues related on monetary policy. He directs the Monetary Policy Analysis and Preparation Process.

Skills

monetary policy

Latest articles and blogs

ECB revised its monetary policy strategy – what’s changed?
Published on 12 Oct 2021 Analysis
- Monetary policy
- Juha Kilponen
- Jarmo Kontulainen
The ECB’s new monetary policy strategy is aimed at inflation of 2% over the medium term. The target is symmetrical. Both negative and positive deviations from this target are seen as equally undesirable.
The financial crisis changed the instruments but not the objectives of monetary policy
Published on 18 May 2015 Analysis
- Monetary policy
- Tuomas Välimäki
- Jarmo Kontulainen
Central banks have acted forcefully to provide monetary accommodation. With little room for manoeuvre for standard interest rate policy, unconventional measures have been adopted.