The Bank of Finland aims to have the results of its research activities published in international peer-reviewed journals.

Selected publications

Silvo, Aino: The interaction of monetary and macroprudential policies, Journal of Money, Credit and Banking, Online, 2018
Fungáčová, Zuzana; Hasan, Iftekhar; Weill, Laurent: Trust in Banks, Journal of Economic Behavior and Organization, Forthcoming
Tölö, Eero; Laakkonen, Helinä; Kalatie, Simo: Evaluating indicators for use in setting the countercyclical capital buffer, International Journal of Central Banking, 14, 2 (March), 2018: 51-112
Granziera, Eleonora; Moon, Hyungsik Roger; Schorfheide, Frank: Inference for VARs Identified with Sign Restrictions, Quantitative Economics, Forthcoming
Łyziak, Tomasz; Paloviita, Maritta: On the formation of inflation expectations in turbulent times: the case of the euro area, Economic Modelling
BoF DP 13/2017
Hyytinen, Ari; Putkuri, Hanna: Household Optimism and Overborrowing, Journal of Money, Credit and Banking, 1; February 2018: 55-76
BoF DP 21/2012   
Virtanen, Timo; Tölö, Eero; Virén, Matti; Taipalus, Katja: Can bubble theory foresee banking crises? Journal of Financial Stability, 36 (June) 2018: 66-81
Faria, Gonçalo; Verona, Fabio: Forecasting stock market returns by summing the frequency-decomposed parts, Journal of Empirical Finance, 45, January 2018: 228–242
Verona, Fabio; Martins, Manuel M.F.; Drumond, Inês: Financial shocks, financial stability, and optimal Taylor rules, Journal of Macroeconomics, 54, Part B, December 2017: 1339-1351
Mitra, Kaushik; Evans, George W.; Honkapohja, Seppo: Fiscal Policy Multipliers in an RBC Model with Learning, Macroeconomic Dynamics, Online first, 2017
Davydov, Denis; Fungáčová, Zuzana; Weill, Laurent: Cyclicality of Bank Liquidity Creation, Journal of International Financial Markets, Institutions and Money, Forthcoming
Fungáčová Zuzana; Shamshur, Anastasiya; Weill, Laurent: Does Bank Competition Reduce Cost of Credit? Cross-country Evidence from Europe, Journal of Banking and Finance, 83, October 2017, 2017: 104-120
Granziera, Eleonora; Bauer, Gregory H.: Monetary Policy, Private Debt and Financial Stability Risks, International Journal of Central Banking, 13, 3/ September, 2017: 337-373
Juselius, Mikael; Borio, Claudio; Disyatat, Piti; Drehmann, Mathias: Monetary Policy, the Financial Cycle, and Ultra-Low Interest Rates, International Journal of Central Banking, 13, 3/September, 2017: 55-89
Tölö, Eero; Jokivuolle, Esa; Virén, Matti: Do Banks' Overnight Borrowing Rates Lead Their CDS Price? Evidence from the Eurosystem, Journal of Financial Intermediation, 31, July, 2017: 93-106
Isoré, Marlène; Szczerbowicz, Urszula: Disaster risk and preference shifts in a New Keynesian model, Journal of Economic Dynamics and Control, 79, 1 June 2017: 97-125
Hasan, Iftekhar; Hoi, Chun Keung; Wu, Qiang; Zhang, Hao: Social Capital and Debt Contracting: Evidence from Bank Loans and Public Bonds, Journal of Financial and Quantitative Analysis, 52, 3, June 2017: 1017-1047. BoF DP 21/2015
Delis, Manthos D. ; Hasan, Iftekhar; Mylonidis, Nikolaos: The Risk-Taking Channel of Monetary Policy in the U.S.: Evidence from Corporate Loan Data, Journal of Money, Credit and Banking, 49, 1, 1 February 2017: 187-213. BoF DP 18/2017
Chang, Roberto; Fernandez, Andres; Gulan, Adam: Bond finance, bank credit, and aggregate fluctuations in an open economy, Journal of Monetary Economics, 85, January, 2017: 90-109
Fungáčová, Zuzana; Weill, Laurent; Zhou, Mingming: Bank Capital, Liquidity Creation and Deposit Insurance, Journal of Financial Services Research, 51, 1, 2017: 97-123
Haavio, Markus; Kotakorpi, Kaisa: Sin licenses revisited, Journal of Public Economics, 144, December, 2016: 40-51
Claudio Borio; Piti Disyatat; Juselius Mikael: Rethinking potential output: embedding information about the financial cycle, Oxford Economic Papers, 69, 3, 2016: 655-677
Fungáčová, Zuzana; Nuutilainen, Riikka; Weill, Laurent: Reserve Requirements and the Bank Lending Channel in China, Journal of Macroeconomics, 50, Dec. 2016: 37-50
Honkapohja, Seppo; Turunen-Red, Arja H; Woodland, Alan D.: Growth, expectations and tariffs, Canadian Journal of Economics, 49, 4 November, 2016: 1441-1469
Verona, Fabio: Time-frequency characterization of the U.S. financial cycle, Economics Letters, 144, July, 2016: 75-79
Herrala, Risto; Turk-Ariss, Rima: Capital accumulation in a politically unstable region, Journal of International Money and Finance, 64, June 2016: 1-15
Moreno, Diego; Takalo, Tuomas: Optimal Bank Transparency, Journal of Money, Credit and Banking, 48, 1, February, 2016: 203-231
Kortelainen, Mika; Paloviita, Maritta; Virén, Matti: How useful are measured expectations in estimation and simulation of a conventional small New Keynesian macro model?, Economic Modelling, 52, Part B, January, 2016: 540-550

Other series

Non-refereed research publications are occasionally compiled in Scientific monographs and are otherwise listed under Other research publications. BOFIT also publishes a more practically oriented BOFIT Policy Brief series.