The monetary policy modelling research programme focuses on the quantitative analysis of monetary policy and development of appropriate analytical tools.
We are particularly interested in dynamic general equilibrium models. Over the next few years we shall devote increasing effort to the aspects of these models that deal with financial market dynamics and the formation of economic agents' expectations. In current macroeconomic research these factors are attracting increasing interest from the perspective of macroeconomic adjustment.
Research in this programme is supervised by Juha Kilponen.
Examples of completed research projects
Patrick Crowley
An intuitive guide to wavelets for economists
The Journal of Economic Surveys, 2007
Martin Ellison – Jouko Vilmunen
A simple approach to identifying the incentives for policy experimentation
Economics Letters, 2005
Maritta Paloviita – David Mayes
The use of real-time information in Phillips-curve relationships for the euro area
The North American Journal of Economics and Finance, 2005
Juuso Vanhala
Labour taxation and shock propagation in a New Keynesian model with search frictions
Bank of Finland Discussion Paper, 2006