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The stagflation beast is stirring: Is it back to the ‘70s?
For previous experiences of stagflation we can turn to the 1970s. There are a number of reasons, however, why 2022 will not be a rerun of 1974.
47 blogs
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Russia’s economy and the war
Russia’s brutal war on Ukraine is bringing unimaginable destruction to the lives of Ukrainians as well as to Ukraine’s economy. Ukraine urgently needs our assistance, in many forms. At the same time, however, we need to understand how the war affects the Russian economy.
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India’s economy emerges from the pandemic
Economic activity in India has returned to pre-pandemic levels. The recovery remains uneven, however, as the pandemic is still ongoing and continues to influence behaviour.
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Limits to the “no limits” friendship between China and Russia
Will China, the world’s second largest economy, come to rescue Russia?
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Economic fallout from the war
In the early morning of February 24 Russian military invaded Ukraine. This violation of international law will result in widespread human suffering and economic dislocation.
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BOFIT 30 years – from the Soviet Union to emerging economies
Adaptation to changing circumstances has been one of the hallmarks of the Unit’s – the Bank of Finland Institute for Emerging Economies (BOFIT) – work.
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Consumption and service sectors key factors in the global trade collapse during the COVID-19 crisis
The global economy and global trade flows have been hit hard by the COVID-19 crisis. The trade collapse in the second quarter of 2020 was even more severe than during the trough of the global financial crisis in 2009.
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On financial stability, monetary policy, and macroprudential policy
Should monetary policy concern itself with financial stability? If yes, how should it do so?
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The ECB’s strategy review work highlights an evolution of views on monetary-fiscal interactions
As a part of their recent monetary policy strategy review, the ECB set up a workstream for the purpose of reviewing interactions between monetary and fiscal authorities in the euro area.
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Don’t blame the mirror if your face is faulty – assessing the symmetry of the ECB´s monetary policy responses
The symmetry of the guideline for the monetary policy stance has recently attracted considerable attention in central banks’ communications.
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Chinese GDP in Wonderland
The real-world nature of China’s official gross domestic product reporting has been dubious for years. Although China has long engaged in the practice of setting economic growth targets, it was only in 2012 that hitting a specific number began to be carefully tracked.
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Can large trade shocks cause crises? The case of the Finnish-Soviet trade collapse
Finnish exports to the USSR fell abruptly from 2.4 to 0.8 per cent of GDP in winter 1991. Could this trade collapse be the main culprit for the Finnish Great Depression in 1990s?
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Clearer view of non-banking loans now available
As a result of digitalisation, the number of different companies providing consumer credit and corporate finance services in Finland has increased. This has aroused concerns about increasing indebtedness among households and companies.
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International recommendations help in identifying investment risks and opportunities related to climate change
The goal of the Bank of Finland’s climate work is to spread knowledge and debate around sustainable finance and to enhance expertise in this area.
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On fireside chats and optimal monetary policy
On 24 November, Bank of Finland hosted a webinar focusing on monetary policy challenges both in the euro area and in the United States.
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The pandemic hits monetary policy in India
In the short term, the main uncertainty is how fast India recovers from the pandemic.
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The resilience of Chinese exports during the COVID-19 crisis
China was at the forefront of the COVID-19 crisis. As a consequence, the value of Chinese exports plummeted by 13% year-on-year at the first quarter of 2020.
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The Bank of Finland has long traditions in payment and settlement system simulations – the 18th Simulator Seminar
For already 17 years, the Bank of Finland has invited the simulator community to a two-day seminar in Helsinki in late summer.
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Will coronavirus affect Russia’s ’pivot to the East’?
China has become one of Russia’s main trading partners over the past ten years, leading to a significant diversification of Russia’s oil and gas export markets.
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How about a comprehensive assessment of the European recovery fund?
The European Commission, on Wednesday, published its proposal for a European recovery fund to help restart the economic engines in a Europe shaken by the coronavirus.