The framework of the Bank of Finland's monetary policy

Abstract

One cannot, avoid forming,the impression that in recent years monetary policy discussion in Finland have chiefly focused on current short-term questions; the longer-term problems that the central bank has to face in pursuing its monetary policy and that should also form the background against which its measures are appraised have been touched upon very infrequently. It is these long-term problems, that constitute the subject matter of my paper.