Previous research seminars of Eesti Pank
Research seminars in 2023
- 19 January
Karsten Staehr (Eesti Pank/TalTech)
Macroeconomic News and Sovereign Interest Rate Spreads before and during Quantitative Easing 30 March
Juuso Vanhala (Bank of Finland)
Persistent misallocation or a necessary temporary evil? Micro evidence on zombie demographics from European countries27 April
Timo Teräsvirta (Aarhus University)
Long Monthly European Temperature Series and the North Atlantic Oscillation25 May
Karsten Staehr (TalTech/Eesti Pank)
Fiscal Performance under Inflation and Inflation Surprises: Evidence from Fiscal Reaction Functions for the Euro Area14 September
Peter Harasztosi (European Investment Bank)
Technological innovation, digital adoption and firm performance17 October
Allan Dizioli (International Monetary Fund)
Managing Expectations: Inflation and Monetary Policy
Jorge Alvarez (International Monetary Fund)
Fragmentation and Commodity Markets: Vulnerabilities and Risks9 November
Lorenzo Trimarchi (Universite de Namur)
The Unintended Consequences of Trade Protection on the Environment18 December
Jeffrey A. Smith (University of Wisconsin)
Quantifying Non-Sampling Variation: College Quality and the Garden of Forking Paths
Research seminars in 2022
- 29 September On the financial wealth of indebted households
Karlo Kauko (Suomen Pankki) - 20 October Costly disasters, energy consumption, and the role of fiscal policy
Fabio Canova (European University Institute/Norwegian Business School) - 31 October Europe’s growth and inflation outlook and its policy implications
Romain Alexandre Duval (IMF) - 24 November What affects interest rate spreads in Estonia?
Merike Kukk and Natalia Levenko (Eesti Pank) - 1 December Adjusting to economic sanctions
Povilas Lastauskas (Queen Mary University of London) - 16 December Winners of the Eesti Pank research award 2022: Triinu Tapver and Pearl Etie
Research seminars of Eesti Pank in 2020
| Date | Lecturer (institution) and topic |
| 20.02.2020 | Madina Karamysheva (HSE University) Prudential policies and systemic risk: the role of interconnections |
| 06.02.2020 | Toomas Laarits (NYU Stern School of Business) Precautionary Savings and the Stock-Bond Covariance |
| 30.01.2020 | Josue Mabulango Diwambuena (Free University of Bozen) The Decline in Labor Productivity in Italy. A Macroeconomic Perspective |
| 16.01.2020 | Stephanie Rendon De La Torre (TalTech) From econophysics to networks to data science: Estonian network of payments |
Research seminars of Eesti Pank in 2019
| Date | Lecturer (institution) and topic |
| 7 November | Nataliia Ostapenko (University of Tartu) Identification of the monetary policy shocks from the Federal Reserve surprises |
| 5 November | Yassine Bakkar (TalTech) Internationalization, Foreign Complexity and Systemic Risk: European Banks Perspective |
| 10 October | Anton Skrobotov (Russian Presidential Academy of National Economy and Public Administration) New Approaches to Robust Inference on Market (Non-)Efficiency, Volatility Clustering and Non-linear Dependence |
| 3 October | Ad van Riet (United Nations University) |
| 5 September | Rachatar Nilavongse (TalTech) House Price Expectations, Boom-Bust Cycles and Implications for Monetary Policy |
| 8 July | Javier Ordóñez (Universitat Jaume I) |
| 10 May | Konstantinos Theodoridis (Cardiff University) Understanding International Long-Term Interest Rate Comovement |
| 8 May | Fred van Raaij (Tilburg University) Behavioral Finance and Self-control |
| 18 March | Timo Teräsvirtä (Aarhus University) Transition from the Taylor rule to the zero lower bound |
| 28 February | Mathias Trabandt (Freie Universität Berlin) Resolving the Missing Deflation Puzzle |
| 14 February | Anita Suurlaht (UCD School of Business) Correlation Dynamics in the G7 Stock Markets |
| 7 February | Karen Davtyan (ESADE Business School/Universitat de Barcelona) Unconventional Monetary Policy and Income Inequality |
| 25 January | M. Alper Cenesiz (University of Porto) Income Effects and the Cyclicality of Job Search Effort |
Research seminars of Eesti Pank in 2018
Research seminars of Eesti Pank in 2017
| Date | Lecturer (institution) and topic |
| 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) |
| 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) |
| 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) |
Research seminars of Eesti Pank in 2016
| Date | Lecturer (institution) and topic |
| 24 November | Tarvo Vaarmets, Kristjan Liivamägi and Tõnn Talpsepp (Tallinn University of Technology) How Does Learning and Education Help to Overcome the Disposition Effect (The winner of the Eesti Pank research award for doctoral studies for 2016) |
| 29 September | Petra Marotzke (Deutsche Bundesbank) Wage adjustment and employment in Europe |
| 20 September | Karsten Staehr (Bank of Estonia/Tallinn University of Technology) Minimum wages and the wage distribution in Estonia |
| 18 August | Michael Burda (Humboldt Universität) The Threat of European Disintegration |
| 2 August | Yvonne Kreis (Gutenberg University Mainz) Systemic risk in a structural model of bank default linkages |
| 21 July | Apostolos Thomadakis (University of Warwick) Determinants of credit constrained firms: Evidence from Central and Eastern Europe region |
| 24 May | Sarah Brown (University of Sheffield) Portfolio Allocation, Background Risk, and Household’s Flight to Safety |
| 18 May | Konstantins Benkovskis (Bank of Latvia) Misallocation of resources in Latvia: Did anything change during the crisis? |
| 10 May | Paolo Zagaglia (Universita di Bologna) Communication Policy Revisited: The ECB Tone and the Term Structure |
| 12 April | Yannick Lucotte (PSB Paris School of Business) Is there a competition-stability trade-off in European banking? |
| 1 April | José J. Cao-Alvira (Lehman College of the City University of New York) On the Recent U.S. Banking Interventions and the Mortgages Purchased by Fannie Mae |
| 18 March | Zsolt Darvas (Bruegel) Filling the gap: open economy considerations for more reliable potential output estimates (with András Simon) |
| 8 March | Peter Sarlin (Hanken School of Economis /RiskLab Finland) RiskRank: Measuring Interconnected Risk |
| 26 February | Jiri Slacalek (ECB) The Distribution of Wealth and the Marginal Propensity to Consume (with Christopher Carroll, Kiichi Tokuoka and Matthew N. White) |
Research seminars of Eesti Pank in 2015
| Date | Lecturer (institution) and topic |
| 25 November | Punnoose Jacob (Reserve Bank of New Zealand) A Macroprudential Stable Funding Requirement and Monetary Policy in a Small Open Economy |
| 23 November | Nicolas Veron (Bruegel) Banking Union, Capital Markets Union, and the Current Outlook for EU Financial Reform |
| 16 November | Theodoros Panagiotidis (University of Macedonia) Does inflation targeting matter? |
| 01 October | Jacob Kleinow (Freiberg University) Determinants of Systemically Important Banks: The Case of Europe |
| 28 September | Manuel Buchholz (Halle Institute for Economic Research) Caps on banks̕ leverage and domestic credit after the crisis |
| 3 September | Julia Wörz (Oesterreichische Nationalbank) The trade and import demand nexus: Do global value chains matter? |
30 June | Peter Sarlin (Hanken School of Economis /RiskLab Finland) Towards robust early-warning models: A horse race, ensembles and model uncertainty |
| 15 June | Josef C Brada (Arizona State University) Open seminar presentation "Microfoundations for the Role of Corruption in Foreign Direct Investment" in the framework of the international conference "Economic Challenges in Enlarged Europe" (14-16 June 2015, Tallinn |
| 21 May | Aleksei Netšunajev (Freie Universität Berlin) Economic Policy Uncertainty Spillovers in the US and Euro Area |
| 10 April | Markus Haavio (Bank of Finland) From Finnish great depression to great recession |
| 16 February | Harri Turunen (University of Cambridge) Government spending in a volatile economy at the zero lower bound |
| 19 February | Manuel Buchholz (Halle Institute for Economic Research) Unit labor cost adjustment in GIIPS vs. BELL countries since the crisis: the role of enhanced central bank liquidity and rescue packages |
Research seminars of Eesti Pank in 2014
| Date | Lecturer (institution) and topic |
| 27 November | Kirsten Lommatzsch (Deutsche Bundesbank) The value-added trade weighted unit labor cost indicator (TWULC) - an alternative for calculating real exchange rates? |
| 19 November | Magnus Piirits/Andres Võrk (University of Tartu) Analysis of intergenerational effects of the pension system reforms in Estonia based on simulation (in Estonian) |
| 4 November | Prof. Ragnar Nurkse Memorial Lecture Series Prof. Leszek Balcerowicz (Warsaw School of Economics) Euro: problems and solutions |
| 19 August | Giancarlo Corsetti (University of Cambridge) Liquidity and consumption, using earthquakes as natural experiments (co-authors Antonio Acconcia and Saverio Simonelli) Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment (co-authors Antonio Acconcia and Saverio Simonelli) |
| 30 June | Juan Carlos Cuestas (University of Sheffield) The Great (De)leveraging in the GIIPS countries. Foreign liabilities and private credit 1998-2013 |
| 18 June | Javier Ordonez (University Jaume I) Real unit labour costs in Eurozone countries: Drivers and clusters |
| 17 June | Stephanie Schmitt-Grohé (Columbia University)
Open seminar presentation "Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment" in the framework of the international conference "Economic Challenges in Enlarged Europe" (16-18 June, Tallinn) |
| 3 April | Aleksei Netšunajev (Freie Universität Berlin) Inflation Expectations Spillover between the United States and Euro Area |
| 27 February | Anne Lauringson (Eesti Töötukassa) The size of the disincentive effect of unemployment benefits during a boom-bust cycle |
| 1 February | Fabrizio Zilibotti (Institute for Empirical Research in Economics) Open seminar presentation "War Signals: A Theory of Trade, Trust and Conflict" in the framework of the 9th Annual International Conference of the Estonian Economic Association |
Research seminars of Eesti Pank in 2013
| Date | Lecturer (institution) and topic |
| 6 December | Christopher A. Hartwell (Institute for Emerging Market Studies) Institutions, resource rents, and cleanliness: The institutional basis of efficiency in resource-rich countries |
| 19 November | Alari Paulus (University of Essex) Tax evasion and measurement error: An econometric analysis of income survey data linked with tax records |
| 11 October | Thiago de Oliveira Souza (Bradford University) Strategic asset allocation with heterogeneous beliefs |
| 12 September | Federica Teppa (De Nederlandsche Bank) Presentation 1: Are retirement decisions vulnerable to framing effects? Empirical evidence from NL and the US Presentation 2: Can the longevity risk alleviate the annuitization puzzle? Empirical evidence from Dutch data |
| 4 September | Boris Blagov (Hamburg University) Financial Crises and Time-Varying Risk Premia in a Small Open Economy: A Markov-Switching DSGE Model for Estonia |
| 17 June | Simon Benninga (Tel Aviv University) Open seminar presentation "Regulating Complexity" in the framework of the international conference „Economic Challenges in Enlarged Europe“ |
| 6 June | Liina Malk (Bank of Estonia) Relaxation of employment protection and its effects on labour reallocation Tairi Rõõm and Jaanika Meriküll (Bank of Estonia) Foreign ownership and host country employment volatility |
| 08 May | Robert Vermeulen (De Nederlandsche Bank) Net Foreign Asset (Com)position: Does Financial Development Matter? |
| 26 March | Giovanni Calice (University of Birmingham) Liquidity Spillovers in Sovereign Bond and CDS Markets: An Analysis of The Eurozone Sovereign Debt Crisis |
| 31 January | Karsten Staehr (Tallinn University of Technology/Bank of Estonia) The Euro Plus Pact: Competitiveness and External Capital Flows in the EU Countries Lenno Uusküla (Bank of Estonia) The euro exchange rate during the European sovereign debt crisis – dancing to its own tune? |
| 23 January | Catherine Fuss (National Bank of Belgium) Firm dynamics and employment adjustment: the role of multinationals |
Research seminars of Eesti Pank in 2012
| Date | Lecturer (Institution) and topic |
| 7 December | Joanna Tyrowicz (University of Warsaw) Returns to higher education for immigrants to the UK from Poland and other CEE countries |
| 16 November | Seminar on labour market issues (Partners: Eesti Pank, University of Tartu, PRAXIS and CENTAR)
Jaanika Meriküll (Eesti Pank): Tööjõu mobiilsus ja majandustsükkel: Balti riikide lugu Ott-Siim Toomet (University of Tartu): Kas haritumad migrandid pöörduvad tagasi? Eesti-Soome migratsiooni analüüs mitmemõõtmeliste haridusandmete põhjal Andres Võrk (PRAXIS): Töötamise stiimulite analüüs Eesti toetuste- ja maksusüsteemis Janno Järve (CENTAR): Tööturukoolituse ja palgatoetuse efektiivsuse hindamine |
| 8 November | Andres Sutt (European Financial Stability Facility) Euroopa võlakriis ja kriisimeetmed |
| 19 October | Jaime Guajardo (International Monetary Fund) World Economic Outlook |
| 02 October | David Seim (Institute for International Economic Studies, Stockholm University) Tax Rates, Tax Evasion and Cognitive Skills |
| 21 June | Gabor Katay (Magyar Nemzeti Bank) Assessing Changes of the Tax-Transfer System: a New General Equilibrium Microsimulation Approach |
| 24 May | Teodora Borota (Uppsala University) |
| 10 May | Indermit Gill (The World Bank) Golden Growth: Restoring the Lustre of the European Economic Model |
| 7 April | Konstantîns Benkovskis (Bank of Latvia) Evaluation of non-price competitiveness of exports from Central, Eastern and Southeastern European countries in the EU market |
| 12 April | Natalja Viilmann, Orsolya Soosaar (Eesti Pank) Eesti tööturu ülevaade |
| 1 March | Kadri Männasoo (Eesti Pank, visiting researcher) Jaanika Meriküll (Eesti Pank) Dmitry Kulikov (Eesti Pank) |
| 2 February | Karsten Staehr (Eesti Pank) The impact of the global financial crisis on output performance across the European Union: vulnerability and resilience Lenno Uusküla (Eesti Pank) Võlakoormuse mõju majanduskasvule |
| 19 January | Aleksei Netšunajev (European University Institute) Reaction to Technology Shocks in Markov-switchings Structural VARs: Identification via Heteroskedasticity |
Open seminars of Eesti Pank in 2011
| Date | Lecturer (Institution) and topic |
| 15 December | Taavi Seim (Institute for International Economic Studies) Heterogenous Effects of Job Displacement |
| 27 October | Christian Schumacher (Deutsche Bundesbank) Nowcasting German GDP: Research Results and Models Used at the Bundesbank |
| 12 October | Yuko Kinoshita (International Monetary Fund) Jonas Fischer (European Commission) |
| 2 September | Michael Funke (University of Hamburg) What Drives Urban Consumption in Mainland China? The Role of Property Price Dynamics |
| 18 August | Winner of the Eesti Pank Research Award in 2011: Indrek Saar (University of Tartu) Optimaalne alkoholi maksustamine: simulatsiooni tulemused Eestis |
| 10 June | Istvan Konya (Magyar Nemzeti Bank, Central European University) Interest Premium, Sudden Stop, and Adjustment in a Small Open Economy |
| 13 May | Shang Jin-Wei (Columbia University) |
| 18 February | Research in Eesti Pank in 2011: Jaanika Meriküll (Eesti Pank) Eesti tööjõu mobiilsus majanduskasvu ja -languse aastatel 2001-2010 Tairi Rõõm (Eesti Pank) How Wages Respond to Shocks: Asymmetry in the Speed of Adjustment |
| 7 February | Prof Ragnar Nurkse Memorial Lecture: Prof. dr. Axel A. Weber (European Central Bank/Deutsche Bundesbank) The Euro: Opportunities and Challenges |