Annual Report

Estonian Economy and Monetary Policy

Financial Stability Review

Labour Market Review

Financing of the Economy

Estonian Competitiveness Report

Working Papers

Occasional Papers

Varia

Eesti Pank Annual Report 2021

<p>The Annual Report gives an overview of the central bank’s activities in the reporting year and the financial statement. The annexes to the Annual Report include a list of decrees issued by the Governor of Eesti Pank, a list of decisions adopted by the Governing Council of the European Central Bank, and a list of Eesti Pank's publications issued during the year.</p>

Eesti Pank Annual Report 2020

Eesti Pank Annual Report 2019

Eesti Pank Annual Report 2018

Estonian Economy and Monetary Policy 2/2022

Estonian Economy and Monetary Policy 1/2022

Estonian Economy and Monetary Policy 4/2021

Estonian Economy and Monetary Policy 3/2021

Financial Stability Review 2022/1

Financial Stability Review 2/2021

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<p>The Eesti Pank Financial Stability Review is released twice a year. The Financial Stability Review is Eesti Pank’s main publication analysing financial stability, and it contains an assessment of the risks to the stability of the financial system, and an outline of the macroprudential measures taken by Eesti Pank.</p></div></div></div>

Financial Stability Review 1/2021

Financial Stability Review 2/2020

Labour Market Review 1/2022

Labour Market Review 2/2021

<p>The labour market review by experts from Eesti Pank covers developments in the supply and demand of labour in Estonia, and the cost of it in wages. The central bank observes the labour market for two reasons. Firstly, labour is an important production input, as a change in the supply or activity of labour can directly affect potential growth. Secondly, events in the labour market can have a major impact on inflation.</p>

Labour Market Review 1/2021

Labour Market Review 2/2020

Financing of the Economy. February 2022 

Financing of the Economy. March 2021

Financing of the Economy. March 2020

Financing of the Economy. February 2019

Estonian Competitiveness Report 2022

<p>The Estonian Competitiveness Report by experts from Eesti Pank is published once a year. The report covers Estonian competitiveness in international comparison, the factors that affect competitiveness, and changes in those factors in recent years. Competitiveness is assessed in various ways, using the results of comparative tables put together by international organisations and think tanks, and analysing the exporting capacity of Estonian companies and the factors that affect it.</p>

Estonian Competitiveness Report 2021

Estonian Competitiveness Report 2020

Estonian Competitiveness Report 2019

7/2022 Merike Kukk, Natalia Levenko. Interest rate spreads in Estonia: Different stories for different types of loan

6/2022 Gerda Kirpson, Martti Randveer, Nicolas Reigl, Karsten Staehr, Lenno Uusküla. Macroeconomic News and Sovereign Interest Rate Spreads before and during Quantitative Easing

5/2022 Jaanika Meriküll, Alari Paulus. Were jobs saved at the cost of productivity in the Covid-19 crisis?

4/2022 Merike Kukk, Alari Paulus, Nicolas Reigl. Credit market concentration and systemic risk in Europe

2/2020 The impact of negative interest rates on the Estonian economy and financial sector

1/2020 Impact analysis of the changes to the pension system

2/2019 Juha Kilponen et al. Comparing Fiscal Consolidation Multipliers across Models in Europe

1/2019 Jaanika Meriküll, Tairi Rõõm. Estonian Household Finance and Consumption Survey: Results from the 2017 wave

Work stream 3: A New Solution – Blockchain and eID

Villu Zirnask. The Story of Eesti Pank

A Long Transition: The Estonian Currency Board Arrangement 1992-2010

Review of the Estonian financial system. January 2013

No 3-4/2009

Report on the Adoption of the Euro  (September 2010) 

Bulletin No 6(63), 2001