05.04.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
28.03.2018
  • The economy was driven upwards mainly by a burst of growth in demand
  • Increased investment is required for the economy to continue to succeed
  • An increase in employment rather than in investment has brought the labour market very close to overheating

The year... more

06.03.2018

The central banks of the euro area are buying some 50 billion euros of private-sector bonds each month under the asset-purchase programmes, and Eesti Pank’s share of this is around 120 million euros. Purchases started in March 2015, and from June 2015 Eesti Pank received a special exemption... more

16.01.2018

Interview with Ardo Hansson, Governor of Eesti Pank and Member of the Governing Council of the European Central Bank (ECB)

Mr. Hansson, is inflation dead?

No, definitely not. Of course, we all face a certain puzzle: The economy in the euro area, for example, is currently... more

22.12.2017
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
03.11.2017
Working Papers of Eesti Pank 11/2017 An effective inflation targeting (IT) regime assumes both a change in the stationarity properties of inflation and a lower variability. Within a framework that does not make a priori assumptions about the order of integration, we examine whether... more
13.10.2017

FRANKFURT — Eurozone countries should not get their hopes too high on ever-closer fiscal cooperation and a European finance ministry to help out countries in trouble, according to Ardo Hansson, head of the Bank of Estonia and a hawkish member of the European Central Bank governing council.... more

02.10.2017
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
29.06.2017
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
07.04.2017
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
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