"Mäki-Fränti, Petri" - Selaus tekijän mukaan Erillisteokset ja sarjajulkaisut
-
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)
workingPaperABSTRACT 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)
workingPaperThis 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)
workingPaperABSTRACT 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 ...


