Working Papers of Eesti Pank 1/2021 In this paper we investigate house price misalignments and their effect on the real economy. We estimate the long-term relationship between house prices and the fundamentals that determine long-term house prices for a panel of European countries with dynamic... more
Working Papers of Eesti Pank 7/2020 There is abundant evidence on the gender wage gaps across countries, but much less is known about the gender differences in personal wealth. This paper provides comparative estimates of the gender wealth gaps for 21 European countries, employing data from the... more
Working Papers of Eesti Pank 6/2020 The paper investigates how much alternative options for corporate financing have affected the quality of domestic corporate bank loans in Estonia. We use quarterly data from 2004Q1–2019Q3 and three different methods to detect the relationship between the non-... more
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

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