Jaakko Nelimarkka

Senior Economist

Jaakko Nelimarkka works as a Senior Economist in the Monetary Policy and Research Department.

Skills

monetary policy, euroarea's economy, macroeconomics

Latest articles and blogs

Will the euro area’s robust employment growth continue?
Published on 14 Nov 2024 Analysis
- Monetary policy
- International economy
- Lauri Vilmi
- Jaakko Nelimarkka
Employment has grown strongly in the euro area since 2020. This has been attributable to both demand and supply factors. In the near future, population ageing will reduce the supply of labour in the euro area. The impact of population ageing will nevertheless be softened by a rise in the labour force participation rate, work-based immigration and a reduction in structural unemployment.
What is monetary policy normalisation?
Published on 28 Oct 2022 Analysis
- Monetary policy
The surge in inflation has prompted central banks to normalise their monetary policy. This means they are tightening financing conditions by raising key interest rates.
Monetary policy measures taken during pandemic revived euro area economy
Published on 12 Oct 2021 Analysis
- International economy
- Monetary policy
- Jaakko Nelimarkka
- Olli-Matti Laine
During the COVID crisis, the Eurosystem has purchased securities on the markets and granted banks loans on favourable terms. These measures have helped avoid a deep recession and deflation in the euro area.