Research areas



Research projects in 2024

Development of models

Macroeconomic models

Banking sector models

Short-term forecasting models

Development of the credit risk and profitability model of Estonian banking sector

Development of the microsimulation model on household financial risks

Monetary policy

Monetary policy transmission


Interaction of fiscal and monetary policy

The impact of second pillar pension reform on inflation

The competitiveness of Estonian firms and the factors contributing to it

Price formation and transmission of shocks during periods of high and low inflation 

The Effect of Monetary Tightening on Resource Reallocation

Production network, firm interlinkages and aggregate shocks

Monetary Policy and Heterogeneity in a High Inflation Environment

Transmission of monetary policy in production network: what can be learned from firm-to-firm transactions

Research in the framework of WGEM

Financial sector

Macro-prudential supervision

Structure of the financial sector and financing of the economy

Financial behaviour of companies and households

Financial markets 

The determinants of sectoral loan losses

Research in the framework of Household Finance and Consumption Network

Real economy

Structure and efficiency of labour and product markets


Business cycle analysis

Fiscal sustainability

Cyclical and club convergence in the European housing markets