Occasional Papers of Eesti Pank 2/2020 Authors: Helen Ljadov, Reet Reedik, Raido Kraavik, Taavi Raudsaar, Lauri Matsulevitš, Dmitry Kulikov, Kaspar Oja, Lenno Uusküla, Nicolas Reigl, Karsten Staehr Several central banks have started using negative interest rates alongside other nonstandard... more

Eesti Pank has launched a multi-year project in collaboration with the technology companies Guardtime and The SW7 Group to research how technologically suitable the Estonian e-government core technology is for operating a central bank digital currency.

Central bank digital currency would... more

Working Papers of Eesti Pank 5/2020 I investigate the role that news sentiment plays in the macroeconomy. Using an approach that combines Doc2Vec embedding and Latent Dirichlet Allocation with lexical-based models I show that the news the media choose to report and the tone of these reports... more
Working Papers of Eesti Pank 4/2020 This paper investigates whether various measures of capacity pressure or available production capacity may help predict the dynamics of exports from the EU countries in Central and Eastern Europe. The analysis uses annual panel data for the 11 countries from... more
Working Papers of Eesti Pank 3/2020 We estimate how raising the statutory retirement age affects employment by considering the pension age reform in Estonia, that gradually raised the normal retirement age (NRA) for women from 58 to 61.5 and the early retirement age (ERA) from 56 to 59.5 during... more
LIINA KULU, MADIS LAAS, JAANIKA MERIKÜLL, KASPAR OJA,  MARTTI RANDVEER, INDREK SAAPAR Abstract In August 2019 the Estonian government confirmed the principles for the reform of the second pension pillar. The planned reforms are intended to make joining and leaving the second pillar... more
Working Papers of Eesti Pank 2/2020 The European Survey of Professional Forecasters (SPF) is a dataset that is widely used to derive measures of forecast uncertainty. Participants in the SPF provide not only point estimates but also density forecasts for key macroeconomic variables. The mean... 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

Eesti Pank has announced a competition for a research prize dedicated to the memory of Urmas Sepp to be awarded for economic research by young Estonian researchers.

In 2020 Eesti Pank will grant the award in two categories, with one award of 2300 euros for research leading to a PhD... more


From 2 March until 30 June, Eesti Pank and Statistics Estonia will be carrying out research in order to collect information on the assets, liabilities, income and expenses of Estonian households. The survey is being run by the central banks of all the euro area countries in 2020 and is... more

Subscribe to Keyword: research
Subscribe to Keyword: research