Bank of Finland paper urges QE use outside crises

bank-of-finland

Central bank asset purchases are a valuable monetary policy tool, particularly when targeted at output fluctuations, according to a working paper published on February 18 by the Bank of Finland.

The paper, Unconventional government debt purchases as a supplement to conventional monetary policy, by Martin Ellison and Andreas Tischbirek, adds financial sector and central bank asset purchases to a standard new Keynesian dynamic stochastic general equilibrium model. The model implies that a central

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: