Blogs

Adaptation to changing circumstances has been one of the hallmarks of the Unit’s – the Bank of Finland Institute for Emerging Economies (BOFIT) – work.

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.

Should monetary policy concern itself with financial stability? If yes, how should it do so?

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.

The symmetry of the guideline for the monetary policy stance has recently attracted considerable attention in central banks’ communications.

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.

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?

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.

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.

On 24 November, Bank of Finland hosted a webinar focusing on monetary policy challenges both in the euro area and in the United States.

In the short term, the main uncertainty is how fast India recovers from the pandemic.