Board

Seminars

Press Conferences

Eesti Pank on cash circulation in Q4 2023

Deputy Governor Veiko Tali meets with the Director of the EBRD

Eesti Pank on inflation in January

STATISTICAL RELEASE. Investment and pension fund statistics (Q4 2023)

PUBLIC SEMINAR. Erik Thedéen „The Swedish economy and monetary policy“

STATISTICAL RELEASE. Foreign travel statistics for 2023

Meeting of the Supervisory Board of Eesti Pank

Deputy Governor Veiko Tali attends a meeting of the government committee on money laundering and terrorist financing prevention

STATISTICAL RELEASE. Balance of payments flash estimate (December 2023)

Deputy Governor Ülo Kaasik attends a meeting of the competitiveness expert panel

Deputy Governor Veiko Tali attends a meeting of the Statistical Council

Members of the Executive Board meet with representatives of the Financial Intelligence Unit

Governor Madis Müller meets with Chairman of the Board of Luminor AS

Governor Madis Müller and Deputy Governor Ülo Kaasik participate in the meeting of the Governing Council of the ECB 

STATISTICAL RELEASE. Interest rates (Q4 2023)

RESEARCH SEMINAR on the impact of auditing on the behaviour of companies when submitting salary and employment information, using the example of Latvia. Nicolas Gavoille, associate professor at the Riga branch of Stockholm School of Economics will present his paper „Off the books, on the books? Employment, wages, and labour tax audits“. The seminar is in English. 

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The seminar takes place at the Eesti Pank (Estonia pst 13). Please inform us of your attendance by February 20th at the latest, at the address <a>eve.magin@eestipank.ee</a>.

If necessary, you can also participate in the seminar via Webex: <a href="https://eestipank.webex.com/eestipank/j.php?MTID=m3a8f51b28d5a3440eb644ddc8841e30d">https://eestipank.webex.com/eestipank/j.php?MTID=m3a8f51b28d5a3440eb644ddc8841e30d</a>

Meeting number: 2740 918 5731

If you need to enter an event number or password: A3NrGEsUq26
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Off the books, on the hooks? Employment, wages, and labor&nbsp;tax audits&nbsp;(with Anna Zasova)

This paper studies firms’ employment and wage response to labor tax audit. Using monthly-frequency administrative data from Latvia, where payroll tax evasion is prevalent, we show that the impact of audits on firms' reporting behavior is short-lived. Firm-level average reported wages and employment substantially increase during the audit period, indicating the regularization of undeclared workers. However, after the conclusion of the audit, wages and employment significantly decline vis-à-vis the pre-audit period. Employee-level results reveal that changes in the firm’s average wage are driven by newly declared employees, with limited wage adjustments for those officially employed before the audit. This suggests that labor tax audits are an effective tool for detecting undeclared workers but not for detecting wage underreporting.

RESEARCH SEMINAR. Off the books, on the books? Employment, wages, and labour tax audits

Governor Madis Müller speaks at the Eurofi high-level seminar panel „Lasting zero interest rates and strong leverage during the past 15 years: what consequences on the financial system and lessons learnt from this experience?“ in Ghent

Governor Madis Müller speaks at the Eurofi high-level seminar panel 

Governor Madis Müller and Deputy Governor Veiko Tali participate in the informal meeting of the ECOFIN in Ghen

PRESENTATION OF THE COMMEMORATIVE COIN AND STAMP dedicated to the 150th anniversary of the birth of Konstantin Päts. Participation is invitation-only.

The sale of the Silver commemorative coin starts at 12 in the Eesti Pank museum shop and <a href="https://pood.omniva.ee/en/15-numismatics">Omniva e-store</a>.

PRESENTATION OF THE COMMEMORATIVE COIN AND STAMP dedicated to the 150th anniversary of the birth of Konstantin Päts

EESTI PANK MUSEUM: 9–12 special programme dedicated to the anniversary of the Republic of Estonia

STATISTICAL RELEASE. Statistics on banks and leasing companies for January 2024

veebruar 2024