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
Working Papers of Eesti Pank 7/2018 This paper complements the standard Basel countercyclical capital buffer framework by suggesting four additional measures for credit gaps that can be used to measure the financial cycle and to decide on countercyclical capital buffers for banks. The new... more

The Eesti Pank research award at the doctoral level was awarded to Tarmo Puolokainen for his Doctoral Dissertation on how to measure the performance of emergency services. The prizes in the Master’s category went to Janely Põllumägi for her Master’s thesis on the determinants of credit card... more

Working Papers of Eesti Pank 6/2018 The aim of this paper is to shed some light on the degree of sustainability of fiscal debt for a group of Central and Eastern European countries. We apply a battery of time series econometrics methods to show how the financial crisis has affected the debt... more
Working Papers of Eesti Pank 5/2018 We study the impact of exchange rate misalignment on economic activity in nine Central and Eastern European (CEE) economies. Exchange rate misalignments are computed from country-specific long-run exchange rate relationships with determinants... 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

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 3/2018 ​This paper studies nominal wage rigidity in a large group of EU countries, using survey data. We analyse two forms of nominal wage rigidity: downward nominal wage rigidity (DNWR) and the lagged response of wages to shocks. The frequency of wage... more

A research seminar led by Eesti Pank has been held since 2015 for young Estonian economics researchers working and studying at institutions abroad. They present their latest research at the seminar and discuss it with those attending.

The seminars have brought together Estonians from... more

Occasional Paper Series 1/2018 Hiona Balfoussia, Lorenzo Burlon, Ginters Buss, Mariarosaria Comunale, Bruno De Backer, Hans Dewachter, Paolo Guarda, Markus Haavio, Irma Hindrayanto, Nikolai Ivanov Iskrev, Ivan Jaccard, Dmitry Kulikov, Davor Kunovac, Crt Lenarcic, Matthieu Lequien,... more
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