 | Monetary Policy Communication and Financial Markets in India Author/Editor: Faisal Ahmed, Mahir Binici, Jarkko Turunen. Release Date:October, 2022 Forward-looking monetary policy communication has become a key element of flexible inflation-targeting regimes across advanced and emerging market economies. The Reserve Bank of India's more...
| Price: $20.00
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 | Dollarization and Financial Development Author/Editor: Geoffrey J Bannister, Jarkko Turunen, Malin Gardberg. Release Date:September, 2018 Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, more...
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 | Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution Author/Editor: Kimberly Beaton, Thomas Dowling, Dmitriy Kovtun, Franz Loyola, Alla Myrvoda, Joel Chiedu Okwuokei, Inci Ötker, Jarkko Turunen. Release Date:November, 2017 The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the more...
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 | Loss of Correspondent Banking Relationships in the Caribbean : Trends, Impact, and Policy Options Author/Editor: Trevor Serge Coleridge Alleyne, Jacques Bouhga-Hagbe, Thomas Dowling, Dmitriy Kovtun, Alla Myrvoda, Joel Chiedu Okwuokei, Jarkko Turunen. Release Date:September, 2017 Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships more...
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 | Systemic Risk : A New Trade-off for Monetary Policy? Author/Editor: Stefan Laseen, Andrea Pescatori, Jarkko Turunen. Release Date:June, 2015 We introduce time-varying systemic risk in an otherwise standard New-Keynesianmodel to study whether a simple leaning-against-the-wind policy can reduce systemic riskand improve welfare. We find that more...
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 | Avoiding Dark Corners : A Robust Monetary Policy Framework for the United States Author/Editor: Ali Alichi, Kevin Clinton, Charles Freedman, Ondra Kamenik, Michel Juillard, Douglas Laxton, Jarkko Turunen, Hou Wang. Release Date:June, 2015 The Fed has taken several steps towards strengthening its monetary framework over the past several years. Those steps have supported the Fed’s efforts to stimulate the economy through forward more...
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 | Lower for Longer : Neutral Rates in the United States Author/Editor: Andrea Pescatori, Jarkko Turunen. Release Date:June, 2015 We use a semi structural model to estimate neutral rates in the United States. OurBayesian estimation incorporates prior information on the output gap and potential output(based on a production more...
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 | Measuring Competitiveness: Trade in Goods or Tasks? Author/Editor: Tamim Bayoumi, Mika Saito, Jarkko Turunen. Release Date:May, 2013 With global supply chains, any value added or production task can be traded as part of goods. This means that competitiveness can be measured either in terms of “tasks” (Bems and Johnson, 2012), more...
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 | Euro Area Export Performance and Competitiveness Author/Editor: Jarkko Turunen, Richard T. Harmsen, Tamim Bayoumi. Release Date:June, 2011 Concerns about export growth within the euro area peripheral countries due to a lack of competitiveness within the euro area are a key policy issue. Our analysis suggests that: (i) Long-term price more...
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