Research Supervisor
E-mail: karsten.staehr [at] eestipank.ee
Research interests:
Inflation
Monetary integration
Public finances
Taxation
Economic transition
Education:
1997 — Ph.D., Economics, University of Copenhagen, Denmark
1996 — MSc, Economics, Massachusetts Institute of Technology, USA
1991 — MA, Economics, University of Copenhagen, Denmark
Experience:
2011—current: Research Supervisor, Economics and Research Department, Bank of Estonia, Estonia
2009—current: Visiting Lecturer, ISM University of Management and Economics, Lithuania
2007—current: Professor in public and international finance, Economics and Business Administration, Tallinn University of Technology, Estonia
2006—2011: Research Supervisor, Research Department, Bank of Estonia, Estonia
2006—2007: Lecturer, Department of Public Administration, University of Tartu, Estonia
2005—2006 and 2007: Lecturer, University of Copenhagen, Denmark
2005—2006: Senior Economist, Environmental Assessment Institute, Denmark
2001—2005: Lecturer, EuroFaculty, University of Tartu, Estonia
1998—2003: Senior Advisor, Internationa lDepartment, Central Bank of Norway, Norway
1996—1997: Lecturer, EuroFaculty, University of Vilnius, Lithuania
Selected publications:
Cheating in Europe: underreporting of self-employment income in comparative perspective [1], forthcoming in 2020, authors Merike Kukk, Alari Paulus and Karsten Staehr. International Tax and Public Finance.
Unit labour costs and the dynamics of output and unemployment in the southern European crisis countries [2], 2019, authors Juan Carlos Cuestas Olivares, Javier Ordóñez and Karsten Staehr. Empirica, Vol. 46, pp. 597-616.
Macroeconomic and macro-financial factors as leading indicators of non-performing loans. Evidence from the EU countries, forthcoming in 2020, authors Karsten Staehr and Lenno Uusküla. Journal of Economic Studies.
Price and income convergence and the dynamic Penn effect in Central and Eastern Europe [3], 2019, authors Moritz Degler and Karsten Staehr. Economic Change and Restructuring, pp. 1-15.
Heterogeneous effects of competitiveness shocks on macroeconomic performance across euro area countries [4], 2019, authors Karsten Staehr and Robert Vermeulen. The World Economy, Vol. 42, Issue 1, pp. 68-86.
Total factor productivity growth in Central and Eastern Europe before, during and after the global financial crisis [5], 2019, authors Natalia Levenko, Kaspar Oja and Karsten Staehr. Post-Communist Economies, Vol. 31, No. 2, pp. 137-160.
The great leveraging in the European crisis countries. Domestic credit and net foreign liabilities [6], 2017, authors Juan Carlos Cuestas and Karsten Staehr. Journal of Economic Studies, Vol. 44, Issue 6, pp.895-910 (Earlier version: Working Papers of Eesti Pank, No. 4/2014 [7]).
Capital flows and growth dynamics in Central and Eastern Europe [8], 2018, author Karsten Staehr. Post-Communist Economies, Vol. 30, No. 1, pp. 1-18.
The choice of reforms and economic system in the Baltic states [9], 2017, author Karsten Staehr. Comparative Economic Studies, Vol. 59, No. 4, pp. 498-519.
Uncovered interest parity in Central and Eastern Europe: expectations and structural breaks [10], 2017, authors Juan Carlos Cuestas, Fabio Filipozzi and Karsten Staehr. Review of International Economics, 2017, Vol. 25, Issue 4, pp. 695–710 (Earlier version: Working Papers of Eesti Pank, No. 4/2015 [11]).
Macroeconomic factors in the dynamics of corporate and household saving. Evidence from Central and Eastern Europe [12], 2017, authors Merike Kukk and Karsten Staehr. Emerging Markets Finance and Trade, Vol. 53, Issue 11, pp. 2585-2608 (Earlier version: Working Papers of Eesti Pank, No. 5/2015 [13]).
Sectoral change and productivity growth during boom, bust and recovery in Central and Eastern Europe [14], 2017, authors Andres Kuusk, Karsten Staehr and Uku Varblane. Economic Change and Restructuring, Vol. 50, Issue 1, pp. 21-43 (Earlier version: Working Papers of Eesti Pank, No. 2/2015 [15]).
Contemporary Trends and Challenges in Finance [16], 2017, editors Krzysztof Jajuga, Lucjan Orlowski and Karsten Staehr. Springer.
Identification of households prone to income underreporting: employment status or reported business income? [17], 2017, authors Merike Kukk and Karsten Staehr. Public Finance Review, Vol 45, No. 5, pp. 599-627.
To be or not to be in the rouble zone. Lessons from the Baltic states [18], 2016, authors Natalia Levenko and Karsten Staehr. CESifo Forum, Vol. 17, No. 4, pp. 34-42.
Public finances and fiscal policy in the Baltic states [19], 2016, author Karsten Staehr. Research in Economics and Business: Central and Eastern Europe, Vol. 8, No. 1, pp. 26-41.
Estimating consumption responses to income shocks of different persistence using self-reported income measures [20], 2016, authors Merike Kukk, Dmitry Kulikov and Karsten Staehr. Review of Income and Wealth, Vol. 62, Issue 2, pp. 311–333.
The European debt crisis and fiscal reactions in Europe 1999-2014 [21], 2016, authors Guido Baldi and Karsten Staehr. International Economics and Economic Policy, Vol. 13, Issue 2, pp. 297–317 (Earlier version: Working Papers of Eesti Pank, No. 5/2013 [22]).
Exports and domestic demand pressure: a dynamic panel data model for the euro area countries [23], 2015, authors Elena Bobeica, Paulo Soares Esteves, António Rua and Karsten Staehr. Review of World Economics, Vol. 152 (1), pp. 107−125 (Earlier version: ECB Working Papers, No 1777 [24], European Central Bank).
Exchange rate policy in the Baltic states: from extreme inflation to euro membership [25], 2015, author Karsten Staehr. CESifo Forum, Vol. 16, No 4. pp. 9-18.
The choice of exchange rate regime in emerging-market and transition economies, 2015, author Karsten Staehr. Published in Palgrave Dictionary of Emerging Markets and Transition Economies (eds. Jens Hölscher and Horst Tomann), Palgrave Macmillan, Chapter 4, pp. 60-91.
Currency reforms in emerging-markets and transition economies, 2015, author Karsten Staehr. Published in Palgrave Dictionary of Emerging Markets and Transition Economies (eds. Jens Hölscher and Horst Tomann), Palgrave Macmillan, Chapter 2, pp. 28-38.
Economic growth and convergence in the Baltic states: caught in a middle income trap? [26], 2015, author Karsten Staehr. Intereconomics, Vol. 50, No. 5, pp. 274-280.
Do foreign exchange forecasters believe in Uncovered Interest Parity? [27], 2015, authors Juan Carlos Cuestas, Fabio Filipozzi and Karsten Staehr. Economics Letters, Vol. 133, p. 92-95.
The Great (De)leveraging in the GIIPS Countries. Domestic Credit and Net Foreign Liabilities 1998–2013 [28], 2014, authors Juan Carlos Cuestas and Karsten Staehr. Working Papers of Eesti Pank, No 4/2014.
The Euro Plus Pact. Competitiveness and external capital flows in the EU Countries [29], 2015, authors Hubert Gabrisch and Karsten Staehr. Journal of Common Market Studies, Vol. 53, No. 4. pp. 558-576. Earlier version: ECB Working Papers, No. 1650 [30] and Working Papers of Eesti Pank, No. 5/2012 [31].
Enhanced fiscal governance in the European Union: the Fiscal Compac [32]t, 2015, authors Merike Kukk and Karsten Staehr. Baltic Journal of European Studies, Vol. 5, No. 1, pp. 73-92.
Majandusbuum ja -kriis Kesk- ja Ida-Euroopas aastatel 2005-2010, 2014, autor Karsten Staehr. In publication Pikk üleminekuperiood: Eesti valuutakomitee 1992-2010 (ed. Ilmar Lepik). Eesti Pank (Bank of Estonia), pp. 174-190.
The Maastricht inflation criterion and entry to the eurozone: challenges and options for EU countries from central and eastern Europe, 2014, author Karsten Staehr. In publication Poland and the Eurozone (ed. Jens Hölscher). Palgrave Macmillan, Ch. 8, pp. 139-164.
Income underreporting by households with business income. Evidence from Estonia [33], 2014, authors Merike Kukk and Karsten Staehr. Post-Communist Economies, Vol. 26, No. 2, pp. 257-276. Earlier version: Working Papers of Eesti Pank, No 6/2013 [34].
Government debt dynamics and the global financial crisis: has anything changed in the EA12? [35], 2014, authors Juan Carlos Cuestas, Luis Alberiko Gil-Alana and Karsten Staehr. Economics Letters, Vol. 124, No. 1, pp. 64-66.