Research fields Subfields Ongoing research in 2019
Development of models
  • Macroeconomic models
  • Banking sector models
  • Short-term forecasting models
  • Development of the Bank of Estonia DSGE model
  • Development of the stress testing model(s)
Monetary policy
  • Monetary policy transmission
  • Inflation
  • Interaction of fiscal and monetary policy
  • The impact channels of the Asset Purchase Programme in the euro area countries
Financial sector
  • Macro-prudential supervision
  • Structure of the financial sector and financing of the economy
  • Financial behaviour of companies and households
  • Financial markets 
  • Research in the framework of Household Finance and Consumption Network
  • Macroeconomic imbalances and loan quality
  • Testing the indicator models for the evaluation of cyclical risks
Real economy
  • Structure and efficiency of labour and product markets
  • Competitiveness
  • Business cycle analysis
  • Fiscal sustainability
  • Macroeconomic developments in the three Baltic countries before and after the EU accession
  • The relative importance of export destination markets and competitiveness for Estonian exports