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The cyclical behaviour of European bank capital buffers
Jokipii, Terhi; Milne, Alistair - Suomen Pankki - 2006
Using an unbalanced panel of commercial, savings and co-operative banks for the years 1997 to 2004 we examine the cyclical behaviour of European bank capital buffers. After controlling for other potential de-terminants of bank capital, we find that capital buffers of the banks in the accession...
Persistent link: https://www.econbiz.de/10005648921
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Studies in Time Series Analysis of Consumption, Asset Prices and Forecasting
Takala, Kari - Suomen Pankki - 2001
This collection of seven papers deals with three different areas of econometric applications: consumption, asset prices, and forecasting. The papers apply techniques related to the analysis of unit roots and cointegration methods. <p> The first paper deals with consumption theories and formulates...</p>
Persistent link: https://www.econbiz.de/10008774212
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The Nonlinearity of the Phillips Curve and European Monetary Policy
Pyyhtiä, Ilmo - Suomen Pankki - 1999
pooled data and with country-specific models. The results give a clear indication of nonlinearity of the Phillips curve in … between countries as regards the slope and shape of the Phillips curve. The policy implication of nonlinearity is clear. The … costs of unduly expansive monetary policy could be high in the euro area in the medium term. Nonlinearity also means that …
Persistent link: https://www.econbiz.de/10005648941