Antti Suvanto, Head of General Secretariat

Antti Suvanto is Head of the General Secretariat of the Bank of Finland since March 1, 2010. His earlier positions at the Bank of Finland are Head of of the Monetary Policy and Research Department, Head of the Economics Department, Adviser to the Board, Head of Division at the Central Bank Policy Department. He joined the Bank of Finland in 1989.

His earlier full-time affiliations include Permanent Representation of Finland to the EU, Brussels (Financial Counsellor), Savings Bank Association (Chief Economist), OECD Secretariat (Economist), Research Institute of the Finnish Economy (Research Supervision), Yrjö Jahnsson Foundation (Director of Research) and University of Helsinki (Research Assistant). He is member of the board of the Yrjö Jahnsson Foundation and has been a member of the board of Government Economic Research Institute and The Research Institute of Finnish Economy. His Ph.D. dissertation on the microstructure of the foreign exchange market was approved in 1994.

Degrees
Ph. D. (Econ) University of Helsinki 1994
Lic. Pol. Sc. (Econ.) University of Helsinki1976
M.Sc. (Econ) University of Helsinki 1972

Other training (selected)
SITRA China Programme for Economists 2005
ESCB Tranformational Leadership Programme 2004
National Defence Course 1996
SITRA Economic Policy Programme 1996

Professional experience

Principal occupations
Bank of Finland, Head of Department, General Secretariat 2010–
Bank of Finland, Head of Department, Monetary Policy and Research Department, 2005–2010
Bank of Finland, Head of Department, Economics Department, 2001–2005
Bank of Finland, Adviser to the Board, 1999–2001
Bank of Finland, Head of Department, Economics Department, 1996–1999
Permanent Representation of Finland to the European Union, Brussels 1992–1995
Bank of Finland, Head of Office, Central bank Policy Department, 1989–1992
Savings Banks Association and the Skopbank Group, Chief Economist and Head of Department, 1986–1989
Organisation of Economic Cooperation and Development (OECD), Economist, Economics and Statistics Department, Paris 1983–1985
Research Institute of the Finnish Economy (ETLA), Research Supervisor and Head of International Economy Unit, 1979–1982
Yrjö Jahnsson Foundation, Director of Research (acting), 1977–1979, 1982–1983 (part-time)
University of Helsinki, Research Assistant, Department of Economics 1972–1973, 1974–1977

Academic visits
European University Institute, Robert Schuman Centre, Fiesole, Italy, September to December 2001
New York University, New York, USA, February to May 1982
Research Student, London School of Economics, London, UK, October 1973 to June 1974

Board memberships
Yrjö Jahnsson Foundation, 2000–
Government Economic Research Institute, 2000–2002
Research Institute of the Finnish Economy (ETLA), 1987–1988

Committees and working groups
• international
ECB Monetary Policy Committee 1998–1999 and 2001–2009
OECD Economic Policy Committee 1996–2009
EU Economic Policy Committee 1996–2000
EMI Monetary Policy Sub-Committee 1996–1998
Groupe Européenne des caisses d'epargne, Capital Markets Committee 1988–89
Groupe Européenne des caisses d'epargne, Economic Policy Committee 1988–89 
• domestic, selected, excl. intra-organisational comittees
Economic Council Working Group on Structural Rigidities in Europe, Chairman, 2002
Ministry of Trade and Commerce, Working Group on Competition Policy, 2001–2002
Ministry of Finance Expert Group on the Stability of International Capital Movements, Chairman, 2000
Economic Council Working Group on Employment Policies, 1997–1998
Economic Council Working Group on Taxation, Social Security and Unemployment, 1996–1997
Ministry of Finance Working Group on Financial Market Statistics, 1988–89

Professional associations
Finnish Economic Association, President 1999, Member of the Board 1997–1998
Finnish Society for Economic Research, Chairman 1982, Member of the Board 1980–1981

Teaching
National Defence Courses 1997–2002 (ecomic policy in crisis situations)
University of Helsinki 1976–1982, 1988 (courses on money and banking, macroeconomics)
University of Joensuu 1992 (foreign exchange market)

Other (selected)
Columnist to Kaleva (daily newspaper), September 2001–
Columnist to Pohjalainen (daily newspaper), December 1996 to June 1997 (twice a month)
Editor, Kansantaloudellinen Aikakauskirja (The Finnish Journal of Economics), 1987–1990
Referee to Scandinavian Journal of Economics, European Economic Review and Applied Economics

Awards
Knight, First Class, of the Order of the Lion of Finland, 2010
Jaakko Honko Medal, 2007

Research publications
(- Mayes, D.) "Meeting the Challenge of Monetary Unio0n: Lessons from the Finnish Experience", Bank I kredit, pazdziernik 2007, pp. 3-14
(- Vartianen, H.), “Introduction: Is Health Different?”, in Suvanto, A, and H. Vartianen (eds), Finance and Incentives in the Health Care System. VATT Publications 45, Helsinki 2007, pp. 1-12
(- Vartianen, H.) (eds), Finance and Incentives in the Health Care System. VATT Publications 45, Helsinki 2007, 205 pages
"Comments on Session I: Taxation and the Labour Market". In Banca d'Italia, Tax Policy. Proceedings of the Banca d'Italia Workshop held in Perugia, 3 to 5 April, 2003. Banca d'Italia 2004, pp. 152-158
(- Mayes, D.), "Beyond the Fringe: Finland and the Choice of Currency", Journal of Public Policy, 22, 2002 pp. 43-64.
(- Anari, A., Kolari, J, Pynnönen, S. ), “Further Evidence on the Credit View: The Case of Finland”, Applied Economics, 34, 2002, pp. 267-278.
“Comment on the paper by Hsieh and Kleidon”, In Frankel, J., G. Galli and A. Giovannini (eds.), Micro-structure of Foreign Exchange Markets”. Chicago: Chicago Univesrity Press 1996
Lehmussaari, O-P., A. Suvanto ja L. Vajanne, "Currency Band and Credibility: Finnish Experiences" in Åkerholm, J. and A. Giovannini (eds.) Exchange Rate Policies in Nordic Countries. London: CEPR 1994, pp. 231-274.
Foreign Exchange Dealing. Essays on the Micro-structure of the Foreign Exchange Market. Helsinki: ETLA A19, 1993, 132 pages.
Kolari, J., A. Zardkoohi, T. Santalainen and A. Suvanto, "Branch Bank Operating Costs: Evidence from Savings Banks in Finland", Applied Economics 24, 1992, pp. 401-410.
Erikson, T., A. Suvanto and P. Vartia, "Wage Formation in Finland". In Calmfors, L. (ed.), Wage Formation and Macroeconomic Policy in the Nordic Countries. Oxford: SNS Förlag and Oxford University Press 1990, 189-230.
"Comment on B. Holmlund and P. Skedinger: Wage Bargaining and Wage Drift". In Calmfors L. (ed.), Wage Formation and Macroeconomic Policy in the Nordic Countries. Oxford: SNS Förlag and Oxford University Press 1990, pp. 392-394 .
"'Error Learning' and 'Return to Normality' in Public Forecasts: The Finnish and Swedish Experiences". Prévision et analyse économique 2, no 4, 1982.
Paunio, J. and A. Suvanto, "Wage Inflation, Expectations and Indexation", Journal of Monetary Economics 8, 1981, pp. 165-182.
Paunio, J. and A. Suvanto, "Changes in Price Expectations: Some Tests Using Data on Indexed and Non-Indexed Bonds", Economica 44, 1977, pp. 37-45.
"Permanent Income, Inflation Expectations and the Long-Run Demand for Money in Finland", Scandinavian Journal of Economics 78, 1976, pp. 457-469.

Policy papers
(- Romppanen, A., Laine, V.), ”Structural Rigidities in Europe” Prime Minister's Office: Publications 2002/7, 70 pages.
(- Hukkinen, J.), "Price stability with changing prices". Bank of Finland Bulletin, Vol. 75, No. 4, 2001, pp. 28-35.
(- Berglund, T., Honkapohja, S., Mikkola, A.), Promoting the stability of the international capital movements. Ministry of Finance Research Report 1/2001. Helsinki 2001, 55 pages.
“Currency Trade, Capital Flows and the Tobin Tax”. The Finnish Economy and Society 3/2001, 62-69.
“Tobinskatten – fel medicin”, Ekonomisk debatt 2001, arg. 29, nr. 6, ss. 397-407.
“Inflation targeting: Reflections on the Finnish experience”, Inflation Targeting Experiences: England, Finland, Poland, Mexico, Brazil, Chile. Ankara: The Central Bank of the Republique of Turkey 2000, pp. 75-84.
Brunila, A. and A. Suvanto, “Asset prices and monetary policy”. Bank of Finland Bulletin, May 1998, Vol. 72, No. 5, pp. 3-7.
Pikkarainen, P., A. Suvanto, J. Hukkinen and I. Pyyhtiä, "Monetary policy in Finland: Experiences since 1992". In Monetary Policy in the Nordic Area since 1992, BIS Policy Papers No. 2, Basle 1997, pp. 38-43.
Hukkinen, J. ja A. Suvanto, "Inflation forecasts and expectations". Bank of Finland Bulletin, No. 2, Vol 71, February 1997, pp. 3-6.
Hasko, H., H. Lahdenperä, O. Leppänen and A. Suvanto, "New payment systems and the Central Bank". In Payment and settlement systems in Finland. Helsinki: Bank of Finland Series A88, 1994.
“Changing role of the Bank of Finland”. In Honkapohja, S. (ed.), Economic Policy Issues in Financial Integration. Publications of the Helsinki University Institute of International Economic Law 9, Helsinki 1993, pp. 73-95
Puumanen, K. ja A. Suvanto, "Stabilization Policy and Institutional Flexibility in an Integrated Europe". In Alajääskö, P. and S. Leppänen (eds.), Proceedings of the Workshop on Economic Policy in European Integration, VATT-Publications 6, Helsinki: Government Institute for Economic Research 1992, pp. 25-33.
“Operational mechanisms of central bank policy”. In Bank of Finland, Financial Markets in Finland. Bank of Finland Bulletin Special Issue 1991, pp. 29-35 (ISBN-951-686-278-0).
"Regulation of the Interbank Money Market". Bank of Finland Bulletin, Vol. 65, No. 12, December 1991, ss. 3-5.
"Operational mechanisms of central bank policy". Bank of Finland Bulletin, Vol. 64, No. 11, November 1990, 6-12.

Discussion papers
Suvanto, A. and J. Hukkinen, "Stable price level and changing prices", Bank of Finland Discussion Papers 28/2004, 31.12.2004, 30 pages.
Salo, S. and A. Suvanto, ”Consistency of cross exchange rates across market makers: Chacoliades’ theorem revisited”. Helsinki School of Economics and Business Administration Working Papers F-306, April 1993, 8 pages.
”Pricing decisions and the position constraint in foreign exchange dealing”. Bank of Finland Discussion Papers No 27/92, September 1992, 40 pages.
Kontulainen, J., O-P. Lehmussaari and A. Suvanto, ”The Finnish experience of maintaining a currency band in the 1980s”. Bank of Finland Discussion Papers 26/90, 17.12.1990, 53 pages.
Erikson, T., A. Suvanto and P. Vartia, "Wage Setting in Finland". University of Stockholm, Institute for International Economic Studies, Seminar Paper No. 436, March 1989, 55 pages.
"Inter-dealer transactions and the integration of the foreign exchange markets". ETLA Discussion Papers No. 150, 1984.
”Optimal quotations and wholesale transactions”. ETLA Discussion Papers No 131, January 1983, 16 pages.
”Optimal quotations and foreign exchange dealing: A dealer with short-term monopoly”. ETLA Discussion Papers No 114, August 1982, 16 pages.
”Foreign exchange dealing and the transactions demand for foreign exchange”. New York University, C.V. Starr Center for Applied Economics , Economic Research Reports #82-16, June 1982, 16 pages.
”Terms of trade, real exchange rates and the economic structure”. ETLA Discussion Paper No 110, May 1982, 20+8 pages.
Pietarinen, M. and A. Suvanto, ”Nominal and real exchange rates of FIM and SEK in 1970–1980”. ETLA Discussion Papers No 82, June 1981, 32 pages.
”Consistent exchange rates, numeraire problem, and the role of the vehicle currency”. ETLA Discussion Papers No 76, January 1981, 24 pages.
"Econometric studies on the demand for and the supply of money in Finland: A survey". ETLA Dis-cussion Papers No. 52, 1980.
”Foreign exchange dealing and the transactions demand for foreign exchange”. ETLA Discussion Papers No. 73. November 1980, 53 pages.
"Causality between money and economic activity: some tests with the Finnish post-war data". University of Helsinki, Department of Economics, Discussion Papers No. 31, 1976.