Research areas

Fields	Subfields	Research projects in 2023
Development of models	Macroeconomic models Banking sector models Short-term forecasting models	Development of the credit risk and profitability model of Estonian banking sector
Monetary policy	Monetary policy transmission Inflation Interaction of fiscal and monetary policy	The impact of II pillar pension reform on inflation Increases of monetary policy rates and inflation in the OECD countries Heterogeneity in inflation and households’ consumption and financial decisions Price formation and transmission of shocks during periods of high and low inflation ECB WGEM-WGF Macro-at-risk (M@R) Expert Group Research in the framework of the ESCB research network „New Challenges for Monetary Policy Transmission“
Financial sector	Macro-prudential supervision Structure of the financial sector and financing of the economy Financial behaviour of companies and households Financial markets	The impact of interest rates on loan demand Research in the framework of Household Finance and Consumption Network
Real economy	Structure and efficiency of labour and product markets Competitiveness Business cycle analysis Fiscal sustainability	The effect of Covid-19 crisis on trade in the Baltic countries WGF expert group on productivity

Fields