Team from Ålands lyceum upper secondary school wins Generation €uro monetary policy competition
A team from Ålands lyceum upper secondary school has won the Finnish final of the Generation €uro Students’ Award competition. The other finalists were teams from the Kauniainen and Lahden yhteiskoulu upper secondary schools. The final was held at the Bank of Finland Museum on 6 April 2022. The winning team was selected by a jury composed of Bank of Finland experts, chaired by Head of Research Esa Jokivuolle.
The winning team – Victor Byman, Noel Rönnberg, Emilia Silander and Caspian Boström – and the teacher who tutored the team, Anders Casén, will have the opportunity to meet European Central Bank (ECB) management in a virtual event in May. All the teams that reached the final were awarded book gift vouchers.
“This year’s competition is the first since the ECB announced its new monetary policy strategy. The most significant change in the strategy is the new price stability objective, a symmetric inflation target of 2% over the medium term. There are a lot of demands on young people nowadays, so I’m particularly pleased to see that so many teams have had time to examine the world of monetary policy,” said Bank of Finland Governor Olli Rehn in his opening remarks at the event.
The Generation €uro Students’ Award is a team competition that tests students’ knowledge of monetary policy. The task of the teams is to prepare and present a proposal for an interest rate decision of the Governing Council of the ECB and other possible monetary policy actions. The competition is organised each year in the euro area and is open to students aged 16–19.
The first round of the competition consisted of a web quiz. In the second round, the teams performed an analysis task, which was scored by the competition jury. The top three teams then competed in the final.
For further information, please contact Katri Heikkinen, Communications Specialist, tel. +358 9 183 2655.
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The Bank of Finland is the national monetary authority and central bank of Finland. At the same time, it is also a part of the Eurosystem, which is responsible for monetary policy and other central bank tasks in the euro area and administers use of the world’s second largest currency – the euro.
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