Working Papers of Eesti Pank 6/2015 Antione Berthou, Emmanuel Dhyne, Matteo Bugamelli, Ana-Maria Cazacu, Calin-Vlad Demian, Peter Harasztosi, Tibor Lalinsky, Jaanika Meriküll, Filippo Oropallo, Ana Cristina Soares. Assessing European Firms Exports and... more
Working Papers 5/2015 This paper uses panel data estimations on annual data from 10 Central and Eastern European countries to assess the effect of different macroeconomic variables on the dynamics of corporate and household saving. The analyses reveal that changes in the macroeconomic... more
This paper examines the empirical validity of the hypothesis of uncovered interest parity (UIP) using data from five Central and Eastern European countries with floating exchange rates for the period 2003–2014. The analysis includes forward-looking as well as static expectations... more
Working Paper Series 3/2015 This paper studies financing constraints on R&D over the most recent boom and bust episode in Central and Eastern Europe (CEE). Given that financial and venture capital markets in CEE are thin in comparison to those in high-income economies and... more
This paper assesses the extent of structural or sectoral change and its importance for aggregate productivity growth during times of boom, bust and recovery. The analysis covers 10 EU countries from Central and Eastern Europe over the years 2001–2012. The reallocation of labour across... more
Working Papers of Eesti Pank 1/2015 This paper examines the role of firm turnover in explaining inflation dynamics. I augment a New-Keynesian DSGE model with endogenous entry and exogenous stochastic exit and estimate with the Bayesian full information approach for the US economy. Results show... more
Working Papers of Eesti Pank 10/2014 This paper examines the Law of One Price using Nielsen disaggregated price data covering 13 euro area countries and 45 different product categories over the time period 2008 to 2012. The empirical methodology is based on a non-structural log-... more
Working Papers of Eesti Pank 9/2014 This paper will study the gender wage gap in desired wages, realised wages and reservation wages. The notion of desired wages shows workers’ first bet to potential employers during the job-search process. Two datasets are employed, the... more
Working Papers of Eesti Pank 8/2014 The probability of a job-seeker finding a job and thus the duration of unemploy­ment are determined by how probable it is that a job offer will be received and whether the job-seeker will accept the offer. Whether the offer will be accepted depends on the... more
Working Papers of Eesti Pank 7/2014 Published in Journal of Common Market Studies, 2015 and published in ECB Working paper series, No 1732/September 2014 This paper studies euro changeover-related inflation using disaggregated price level data. The difference-in-differences approach... more
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