"Ilomäki, Jukka" - Selaus tekijän mukaan Erillisteokset ja sarjajulkaisut

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    • Endogenous Real Risk-Free Rate, the Central Bank, and Stock Market 

      Ilomäki, Jukka; Laurila, Hannu
      Tampere Economic Working Papers : 113/2017 (Tampereen yliopisto, 2017)
      workingPaper
      The central bank acts as a social planner, and adjusts the real risk-free rate of return to correct any mispricing in the stock market so that the emergence of positive or negative bubbles is avoided. The flip side is that ...

    • Stock Market Dynamics and the Central Bank in a General Equilibrium Model 

      Ilomäki, Jukka; Laurila, Hannu
      Tampere Economic Working Papers : 115/2017 (Tampereen yliopisto, 2017)
      workingPaper
      We introduce a general equilibrium model with potentially inefficient stock markets consisting of asymmetrically informed investors. Prices are sticky in the goods market, but the labor market adjusts perfectly. The ...