Karsten Staehr Curriculum Vitae

Karsten StaehrResearch 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.

  • Corporate income taxation in Estonia. Is it time to abandon dividend taxation? [36], 2014, author Karsten Staehr. TUT Economic Research Series, Research Brief, No. RB-2014/1.
  • Perceptions of unreported economic activities in Baltic firms. Individualistic and non-individualistic motives, 2013, authors Jaanika Meriküll, Tairi Rõõm and Karsten Staehr. In (Dis)honesty in Management: Manifestations and Consequences (eds. Maaja Vadi and Tiia Vissak ). Emerald. Earlier version: Working Papers of Eesti Pank, No. 8/2012 [37].
  • Covered interest parity and the global financial crisis in four Central European countries [38], 2013, authors Fabio Filipozzi and  Karsten Staehr. Eastern European Economics, Vol. 51, Issue 1.
  • Fiscal shocks and budget balance persistence in the EU countries from Central and Eastern Europe [39], 2013, authors  Juan-Carlos Cuestas and Karsten Staehr. Applied Economics, Vol. 45, No. 22, pp. 3211—3219. Earlier version: Working Papers of Eesti Pank, No 8/2011 [40].
  • External capital flows, international price competitiveness and short-term economic growth in Latvia [41], 2012, author Karsten Staehr. European Economy - Occasional Papers, No. 120, November.
  • Housing equity withdrawal and consumption dynamics in Estonia 2002—2011 [42], 2012, authors Madis Aben, Merike Kukk and Karsten Staehr. Research in Economics and Business: Central and Eastern Europe, Vol. 4, No. 1, pp. 19—40.
  • Uncovered interest parity in Central and Eastern Europe: convergence and the global financial crisis [43], 2012, authors Fabio Filipozzi and Karsten Staehr. Discussions on Estonian Economic Policy, Vol. 20, No. 1, pp. 58—82.
  • Funded pension, fiscal strains and stabilisation policies in Central and Eastern Europe [44], 2012, author Karsten Staehr. In Limited Fiscal Space in CESEE: Needs and Options for Post-Crisis Reform. 68th East Jour Fixe of the Oesterreichische Nationalbank. Proceedings of OeNB Workshop, No. 17, Oesterreichische Nationalbank, pp. 41—60.
  • Consumption sensitivities in Estonia: income shocks of different persistence [45], 2012, authors Merike Kukk, Dmitry Kulikov and Karsten Staehr. Working Papers of Eesti Pank, No. 3/2012.
  • A further investigation of unemployment persistence in European transition economies [46], 2011, authors Juan-Carlos Cuestas, Luis Alberiko and Karsten Staehr. Journal of Comparative Economics, Vol. 39, No. 4, pp. 514—532.
  • The impact of the global financial crisis on output performance across the European Union: vulnerability and resilience, 2011, authors Karin Kondor-Tabun and Karsten Staehr. In Financial and Economic Crisis: Causes, Consequences and the Future (eds. Lacina, L., Rozmahel, P., Rusek, A.). Martin Striz Publishing, Ch. 7, pp. 128—158.
    Earlier version: Working Papers of Eesti Pank, No 3/2011 [47].
  • Democratic and market-economic reforms in the post-communist countries. The impact of enlargement of the European Union [48], 2011, author Karsten Staehr. Eastern European Economics, Vol. 49, No. 5, pp. 3—28.
  • The global financial crisis and public finances in the new EU countries in Central and Eastern Europe: Developments and challenges, 2010, author Karsten Staehr. Public Finance and Management, Vol. 10, No. 4, pp. 671—712. Earlier version: Working Papers of Eesti Pank, No 2/2010 [49].
  • Unreported employment and envelope wages in mid-transition: Comparing developments and causes in the Baltic countries, 2010, authors Jaanika Meriküll and Karsten Staehr. Comparative Economic Systems, Vol. 52, No. 4, pp. 637—670.
    Earlier version: Working Papers of Eesti Pank, No 6/2008 [50].
  • Income convergence and inflation in Central and Eastern Europe: Does the sun always rise in the east?, 2010, author Karsten Staehr. Eastern European Economics, Vol. 48, No. 5, pp. 38—62. Earlier version: Working Papers of Eesti Pank, No 4/2010 [51].
  • The Maastricht Inflation Criterion: What is the effect of Enlargement of the European Union?, 2010, authors John Lewis and Karsten Staehr. Journal of Common Market Studies, Vol. 48, No. 3, pp. 687—708.
  • Inflation in the new EU countries from central and eastern Europe: Theories and panel data estimations, 2009, author Karsten Staehr. European Economy Occasional Papers, No. 50 (What drives inflation in the New EU Member States?), Vol. 50, pp. 35—58.
  • Estimates of employment and welfare effects of personal labour income taxation in a flat-tax country: The case of Estonia, 2009, author Karsten Staehr. In Microfoundations of Economic Success: Lessons from Estonia, David G. Mayes (Ed.), Edward Elgar Publishing., pp. 242—290.
  • A microeconometric analysis of household saving in Estonia: income, wealth and financial exposure, 2009, author Karsten Staehr. In Microfoundations of Economic Success: Lessons from Estonia, David G. Mayes (Ed.), Edward Elgar Publishing, pp. 190—241.
  • Why do individuals evade payroll and income taxation in Estonia?, 2008, authors Kenneth Kriz, Karsten Staehr, Jaanika Merikull and Alari Paulus. In Shadow Economy, Corruption and Governance, Michael Pickhardt & Edward Shinnick (Eds.), Edward Elgar Publishing, pp. 240—264.
  • Fiscal policies and business cycles in an enlarged euro area, 2008, author Karsten Staehr. Economic Systems, Vol. 32, No. 1, pp. 46—69.
  • Linkages between political and economic reforms in the post-communist countries, 2006, author Karsten Staehr. Nordic Journal of Political Economy, Vol. 32, No. 2, pp. 113—138.
  • Two-stage bargaining with coverage extension in a dual labour market, 2000, authors Mark Roberts, Torben Tranaes and Karsten Staehr. European Economic Review, Vol. 44, No. 1, pp. 181—200.
  • The soft budget constraint in the transition economy - and the prospect of privatization, 1993, author Karsten Staehr. Acta Oeconomica, Vol. 45, No. 3—4.
Printed: 08.03.2021 20:00:57

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