Olli-Matti Laine
Research website
I am an economist at the Monetary Policy and Research Department of the Bank of Finland.
My research covers monetary policy, financial markets and banking.
e-mail: firstname.lastname at bof.fi
Refereed articles
Laine, O.-M. & Pihlajamaa, M. (2023). Pushing and pulling on a string? Inflationary effects of expansionary and contractionary monetary policies when rates are negative. Economic Modelling. In press.
Laine, O.-M. (2023). Monetary policy transmission to firms’ investments — It may depend on the tool. Economics Letters, 111217.
Laine, O.-M. (2023). Monetary Policy and Stock Market Valuation. International Journal of Central Banking, 19(1), 365-416.
Laine, O.-M. (2022). The term structure of equity premia and the macroeconomy: some results. Economics Letters, 110606.
Laine, O.-M. (2021). The effect of targeted monetary policy on bank lending. Journal of Banking and Financial Economics. 1(15), 25-43.
Laine, O. -M., & Lindblad, A. (2021). Nowcasting Finnish GDP growth using financial variables: a MIDAS approach. Journal of the Finnish Economic Association, 2(1), 74-108.
Laine, O. -M. (2020). The effect of the ECB’s conventional monetary policy on the real economy: FAVAR-approach. Empirical Economics, 59(6), 2899-2924.
Working papers and some selected other publications
Laine, O.-M & Nelimarkka, J. (2023). Assessing targeted longer-term refinancing operations: identification through search intensity. Bank of Finland Research Discussion Papers, 13.
Fungáčová, Z., Kerola, E. & Laine, O.-M. (2023). Monetary policy transmission below zero. Bank of Finland Research Discussion Papers, 11.
Haavio, M., & Laine, O. -M. (2021). Monetary policy rules and the effective lower bound in the Euro area. Bank of Finland Research Discussion Papers, 5.
Nelimarkka, J., & Laine, O. -M. (2021). The effects of the ECB's pandemic-related monetary policy measures. BoF Economics Review, 2021/4.
Laine, O. -M. (2018). Level, distribution and long-term development of market power in Finland. BoF Economics Review, 2018/2.