Essays on monetary policy
Source material for the essays can be found from the Economics information package.
Essay number 1.
What are the functions of Bank of Finland in the euro age?
Tip: Find the link to the Bank of Finland pages that explains its role and functions, and read the leaflet: "What is the Bank of Finland?"
Essay number 2.
What kind of things influnce inflation in the long and short term?
Tip: Examine the "Extended price stability guide" on the "Economics information package" pages.
Essay number 3.
How do changes in interest rates affect consumption by households and investment by companies? When can we see the effects?
Tip: Examine the "Extended price stability guide" on the "Economics information package" pages.
Essay number 4.
Evaluate how succesful the ECB (Eurosystem) monetary policy has been during the period of EMU. You can for example use the chart below as a source:
Bonus essay:
What are the convergence criteria (terms) of Economic and Monetary Union (EMU)? In the light of these, evaluate Estonia´s chances of joining the euro area.
Tip: Find a link to the ECB pages that tell about the expansion of EMU and the convergence criteria.
Also, see the link http://www.ecb.int/pub/pdf/