Economists and people interested in economics are kindly invited to attend the open seminars of Eesti Pank. The goal of the open seminars is to promote exchange of ideas between the central bank, the academic community and economic policy institutions.

The program of open seminars was launched in 2000. To date, over 150 economists and experts of Eesti Pank and other institutions have lectured at these seminars.

Due to limited space and the bank’s security rules, participants are asked to register to the seminar electronically through the registration link under Eesti Pank’s calendar by the date indicated in the invitation. For further information about registration, please contact Mrs Eve Mägin by phone +(00) 372 668 0758 or by e-mail eve.magin [at]

Open seminars of Eesti Pank in 2017

Date and
Lecturer (institution) and topic   
  Previous seminars
31 October
Sang-Wook (Stanley) Cho (University of New South Wales in Australia/Bank of Estonia)
Skill premium divergence: the roles of trade, capital and demographics
12 October
Michael Pedersen (Banco Central de Chile)
Credit risk and monetary pass-through. Evidence from Chile
10 October Christopher A. Hartwell (CASE - Center for Social and Economic Research)

Do Poor Institutions Create More Losers from Globalization?

21 September Timo Teräsvirta (Aarhus University)
The Shifting Seasonal Mean Autoregressive Model and Seasonality in the Central England Monthly Temperature Series, 1772—2016
15 August Utpal Bhattacharya (Hong Kong University of Science and Technology)
Spillovers in Asset Prices: The Curious Case of Haunted Houses
21 July
Előd Takáts (Bank for International Settlements)
Exchange rate pass-through: What has changed since the crisis?
19 June Bank of Estonia´s research seminar 2017

10.00–10.45 Tairi Rõõm (Bank of Estonia), “The financial fragility of Estonian households: Evidence from stress tests on the HFCS microdata” (authors: Jaanika Meriküll and Tairi Rõõm)
10.45–11.00 Coffee break
11.00–11.45 Juan Carlos Cuestas (Bank of Estonia), “Asymmetries in the interaction between housing prices and housing credit in Estonia” (authors: Juan Carlos Cuestas and Merike Kukk)
11.45–12.00 Coffee break
12.00–12.45 Yannick Lucotte (Visiting researcher, Bank of Estonia), “Banking sector concentration, competition and financial stability: The case of the Baltic states” (authors: Juan Carlos Cuestas, Yannick Lucotte and Nicolas Reigl)

14 June Amaresh Kumar Tiwari (University of Tartu)
Panel data binary response model in a triangular system with unobserved heterogeneity
1 June Olympia Bover (Banco de España)
Some results on household subjective probabilities of future house prices
27 April Karl Taylor (University of Sheffield)
Savings, expectations and financial hardship
30 March Mariarosaria Comunale (Bank of Lithuania)
Current account and REER misalignments in Central Eastern EU countries: an update using the macroeconomic balance approach
16 February Anna Pestova (NRU HSE and CMASE, Russia/Center for Macroeconomic Analysis and Short-Term Forecasting)
On the economic effect of Western sanctions on Russia
13 February Tuomas Malinen (University of Helsinki)
To default or not: The aftermath of sovereign defaults and IMF austerity programs during economic crises
10 February Paul Hubert (OFCE - Sciences Po)
Does Monetary Policy generate Asset Price Bubbles? (co-authored with Christophe Blot and Fabien Labondance)
12 January Prof Barry Eichengreen (University of California)
Ragnar Nurkse and the International Financial Architecture
(2017 Professor Ragnar Nurkse Memorial Lecture)

The schedule is updated regularly. To subscribe for seminar invitations, please contact Mrs Liina Kulu by phone +372 668 0806 or by e-mail liina.kulu [at]