Economists and people interested in economics are kindly invited to attend the open seminars of Eesti Pank. The goal of the open seminars is to promote exchange of ideas between the central bank, the academic community and economic policy institutions.

The program of open seminars was... 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 3/2019 This paper presents empirical estimates of bank credit procyclicality for a sample of 11 Central and Eastern Europe countries (CEECs) for the period 2000Q1–2016Q4. In the first step we estimate a traditional-type panel VAR model and analyse the evolution of... more
Working Papers of Eesti Pank 2/2019  We use firm-level survey data from 25 EU countries to analyse how firms adjust their labour costs (employment, wages and hours) in response to shocks. We develop a theoretical model to understand how firms choose between different ways to adjust their... more
  • Martti Randveer (Head of the Economics and Research Department)
  • Tairi Rõõm (Head of the Research Division)
  • Dmitry Kulikov
  • Jaanika Meriküll
  • Karsten Staehr
  • Lenno Uusküla
  • Liina Malk (parental leave)
  • Juan Carlos Cuestas... more

Phone: +(00) 372 668 0907
E-mail: natalia.levenko [at] eestipank.ee

Research interests:
Economic development and productivity
Business cycles
Macro-data analysis

2014 — Ph. D. Studies in Economics, Tallinn... more

Working Papers of Eesti Pank 1/2019 I extend a standard two-period OLG model to investigate the interplay between the risks of a binding zero lower bound and asset price bubbles in a low interest rates environment. The nature of the bubble is crucial when the risk-free real interest... more
Working Papers of Eesti Pank 10/2018 We investigate how adopting the euro affects exports using firm-level data from Slovakia and Estonia. In contrast to previous studies, we focus on countries that adopted the euro individually and had different exchange rate regimes prior to doing so... more
Working Papers of Eesti Pank 9/2018 The paper studies the determinants of household saving in Europe with particular focus on the impact of labour income uncertainty. Panel data models are estimated on aggregate data for 24 European countries in 1996–2017 using system GMM. The... more
Working Papers of Eesti Pank 8/2018 The paper seeks to determine the factors that drive the current account dynamics of the 11 EU members from Central and Eastern Europe (CEE). Panel data models are estimated on annual data for the period 1997–2017 and both domestic pull factors and... more
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