Strategic research plan

Research fields   Subfields   Ongoing research in 2021
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 Bank of Estonia DSGE model
Monetary policy
  • Monetary policy transmission
  • Inflation
  • Interaction of fiscal and monetary policy
  • Expectations formation and the transmission of monetary policy - lessons for policy strategy


Financial sector
  • Macro-prudential supervision
  • Structure of the financial sector and financing of the economy
  • Financial behaviour of companies and households
  • Financial markets 
  • What determines the level and dynamics of bank loan interests rate margins?
  • Competition and systemic risk in the banking sector
  • 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 structure of economy and productivity