Working Papers of Eesti Pank 1/2020 In this paper, we investigate the ownership of financial assets within families and how pooling affects the individual savings of the partners. We use anonymised monthly transactional data from ING Bank to observe the financial data of Dutch couples for 2014–... more
Working Papers of Eesti Pank 6/2019 The paper investigates the relationship between loan quality and macroeconomic imbalance indicators. We use the local projection method to estimate the response of non-performing loans (NPL) to changes in the cyclical component of macroeconomic... more
Working Papers of Eesti Pank 4/2019 This paper studies the gender gap in net wealth. We use administrative data on wealth that are linked to the Estonian Household Finance and Consumption Survey, which provides individual-level wealth data for all household types. We find that the unconditional... more
Working Papers of Eesti Pank 4/2018 This study is the first to provide comparative estimates of the extent of income underreporting by the self-employed across countries in Europe. The estimates are derived using the consumption method developed by Pissarides & Weber (1989) and the data from... more
Working Papers of Eesti Pank 2/2017 This paper investigates the mutual dependence between housing prices and housing credit in Estonia, a country which experienced rapid debt accumulation during the 2000s and big swings in house prices during that period. We use Bayesian econometric methods... more
Working Papers of Eesti Pank 9/2016 The paper investigates the triggers of arrears on debt in Estonia, which is a full recourse country similar to other euro area countries. An extensive individual-level quarterly panel dataset enables quarterly debt repayment problems to be ... more

Economist, Ph.D.
E-post: Merike.Kukk [at] eestipank.ee

Research topics:

Household consumption, saving and borrowing
The interaction between household behaviour and the real economy
Household tax behaviour


2016 — Ph.D. in... more

Working Papers of Eesti Pank 01/2016 The paper investigates the impact of debt repayment problems on consumption using quarterly panel data from 2004–2011 from Estonia, a euro area country. The results imply that arrears on debt lead to substantial short-term changes in consumption.... more
Working Papers 5/2015 This paper uses panel data estimations on annual data from 10 Central and Eastern European countries to assess the effect of different macroeconomic variables on the dynamics of corporate and household saving. The analyses reveal that changes in the macroeconomic... more
Working Papers of Eesti Pank 2/2014 The paper investigates the interdependence of household financial liabilities and assets, with special focus on the impact of liabilities on households’ holdings of financial assets. The paper uses the new ECB Household Finance and Consumption... more
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