• Essays on Monetary Policy 

      Mäki-Fränti, Petri
      Acta Electronica Universitatis Tamperensis : 268 (Tampere University Press, 2003)
      Väitöskirja
      Rahapolitiikan merkitys suhdannepolitiikan työkaluna on erityisesti parin viime vuosikymmenen aikana kasvanut merkittävästi. Varsinkin kahden suurimman keskuspankin, EKP:n ja Yhdysvaltain keskuspankin, päätöksillä on ...
    • Money and Stock Returns: Is there habit formation for holding liquid assets? 

      Mäki-Fränti, Petri
      Tampere Economic Working Papers Net Series : 47/2006 (Tampereen yliopisto, 2006)
      workingPaper
      ABSTRACT Assuming a utility function, which is non-separable in money and consumption, we derive a simple, non-linear asset pricing model, according to which investors’ willingness to hold liquid assets in their portfolio ...
    • Should the ECB Adopt an Explicit Exchange Rate Target? 

      Mäki-Fränti, Petri
      Tampere Economic Working Papers Net Series : 10/2002 (Tampereen yliopisto, 2002)
      workingPaper
      This paper investigates with a structural, quantitative macro model, whether the ECB should include the real exchange rate into its reaction function. The problem is considered from viewpoints of both the whole monetary ...
    • The Exchange Rate Targeting of Central Banks Revisited:The Role of Long-term Interest Rates 

      Lahtinen, Markus; Mäki-Fränti, Petri
      Tampere Economic Working Papers Net Series : 46/2006 (2006)
      workingPaper
      ABSTRACT Using a New Keynesian macro model, the paper reconsiders the question, whether the central banks should directly respond to exchange rate movements. It is assumed that the transmission of monetary policy to output ...