Other research publications

Risto Herrala
Delegation and Liquidity
The ICFAI University Journal of Governance and Public Policy
July 2009

Risto Herrala
Blame the Bankers? An Empirical Study of Cyclical Credit Quality
International Finance Review Vol. 10, 2009: 47–64 

Juha Kilponen – Juuso Vanhala 
Productivity and job flows: heterogeneity of new hires and continuing jobs in the business cycle
European Central Bank Working Paper Series 1080/ August 2009
 
Markus Haavio – Kaisa Kotakorpi
The political economy of sin taxes
CESifo Working Papers 2650, May 2009

Maritta Paloviita
Acerca de la generalidad de las curvas de Phillips neokeynesianas
(On the Generality of the New Keynesian Phillips Curves)
Ensayos Económicos Issue 55 July–September, 2009: 7–32

Iikka Korhonen – Jarko Fidrmuc
The impact of the global financial crisis on business cycles in Asian emerging economies
CESifo Working Papers 2710,  July 2009

Iikka Korhonen – Paul Wachtel
Observations on Disinflation in Transition Economies
Monetary Policy in Low-Inflation Economies
ed. David E. Altig, Ed Nosal, Cambridge University Press  2009: 215–253

Iikka Korhonen – Jarko Fidrmuc –  Ivana Bátorová
Dynamic correlation analysis of business cycles of the emerging Asian giants: The awakening
Characteristics of business cycles: Have they changed?
Sonderheft 5/2009, Institut für Wirtschaftsforschung Halle, 2009: 121–134 

Aaron Mehrotra – Tomáš Slačík 
Evaluating Inflation Determinants with a Money Supply Rule in Four Central and Eastern European EU Member States
Focus on European Economic Integration  Q3/09, 6–21

Aaron Mehrotra – Jouko Rautava
Do Sentiment Indicators Help to Assess and Predict Actual Developments of the Chinese Economy?
China in the World Economy, ed. Zhongmin Wu, Routledge 2009: 40–51

Tuuli Koivu – Aaron Mehrotra – Riikka Nuutilainen
An analysis of Chinese money and prices using a McCallum-type rule
China's three decades of economic reforms
ed. Xiaohui Liu, Wei Zhang, 2009, Routledge: 77–90

 

 

Antti Suvanto – Hannu Vartiainen
Introduction: Is Health Different
Finance and Incentives of the Health Care System, VATT Publications 45, 2007

Antti Suvanto (ed) – Hannu Vartiainen (ed) 
Finance and incentives of the health care system ; proceedings of the 50th anniversary symposium of the Yrjö Jahnsson Foundation,  
VATT Publications 45, 2007 

Klaus Kultti – Juuso Vanhala – Timo Vesala
Adverse selection in dynamic matching markets
Helsinki Center of Economic Research, Discussion paper No 154 / March 2007

Samu Kurri
Price changes in Finland. Some evidence from the micro CPI data
ECB Working Paper Series 728 / February 2007

Juha Kilponen – Concepcíon García-Iglesias
Hopeakannasta eurovaluuttaan
Muutoksen merkit; kvantitatiivisia perspektiivejä Suomen taloushistoriaan, Tilastokeskuksen tutkimuksia 245, 2007
(in Finnish)
  
Juha Kilponen – Helvi Kinnunen
Demografia ja talouden sopeutumismekanismit - muutamia lisänäkökulmia ikääntymiskeskusteluun
Ikääntymisen taloudelliset vaikutukset ja niihin varautuminen, Valtioneuvoston kanslian julkaisusarja 20 , 2007
(in Finnish)

Risto Herrala
Rahoitussektorin merkitys Suomen kansantaloudelle
Tilastokeskuksen tutkimuksia 245, 2007
(in Finnish)

Esa Jokivuolle – Samu Peura
Stress tests of banks' regulatory capital adequacy; application to tier 1 capital and to pillar 2 stress tests (updated)
Michael K. Ong (ed.): The Basel Handbook (2nd edition); A Guide for Financial Practitioners, published in association with KPMG, 2006

 

Timo Korkeamäki – Yrjö Koskinen – Tuomas Takalo
Phoenix rising: legal reforms and changes in valuation in Finland during the economic crisis (pdf 460 kB)
Boston University, School of Management, Working paper, 2006-18

 

Tuomas Takalo – Otto Toivanen
Entrepreneurship, financiership and selection 
Helsinki Center of Economic Research, Discussion Paper No 116 / September 2006

 

Leinonen – Markku Malkamäki – Alistair Milne – Kirsi Ripatti – Heiko Schmiedel – Oz Shy – Juha Tarkka – Jukka Topi
The future of financial markets, 2006

 

Martin Ellison – Lucio Sarno – Jouko Vilmunen
Caution or Activism? Monetary Policy Strategies in an Open Economy (pdf 318 kB)
Warwick Finance, Working Paper Series 06-252, 2006

 

Anssi Rantala
Growth of new firms, evidence from Finland 1996-2003 (pdf 782 kB)
Pellervon taloudellisen tutkimuslaitoksen raportteja / Pellervo Economic Research Institute Reports 197/2006 

 

Juha Kilponen – Antti Ripatti
Labour and product market reforms in general equilibrium; Simulation results using a DGE model of the Finnish economy
Eijffinger & Koedijk & Mets (eds.): Structural reforms and economic growth in Europe, 2006: 39-47

 

David Mayes – Juha Tarkka
Transparency in European central banks; the role of forecasts
Crowley, Patrick (ed.): EU economic policy at the dawn of the century, 2006: 57-81

 

Maritta Paloviita – David Mayes
Asymmetry and inflation dynamics in different specifications of the Phillips curve for the euro area
Crowley, Patrick (ed.): EU economic policy at the dawn of the century, 2006: 107-137 

 

Reino Hjerppe – Jaakko Kiander – Matti Virén
Are government expenditures productive? Measuring the effect on private sector production
VATT, Keskustelualoitteita/Discussion Papers 381/2006

 

Jana Kremer – Claudia Braz Rodrigues – Teunis Brosens – Geert Langenus – Sandro Momigliano – Mikko Spolander
A disaggregated framework for the analysis of structural developments in public finances
• Deutsche Bundesbank, Discussion paper 05/2006 (pdf 652 kB)
• Banco de Portugal, Estudos e documentos de trabalho, Working paper 7-06
• European Central Bank, Working paper No. 579 / January 2006 (pdf 912 kB)

 

Brian Ardy – Iain Begg – Dermot Hodson – Imelda Maher – David G. Mayes
Adjusting to EMU; one Europe or several? 2006

 

Esa Jokivuolle
Aligning regulatory capital with economic capital
Michael Ong (ed.): Risk management; a modern perspective, 2006: 455-506

 

Luis J. Álvarez – Emmanuel Dhyne – Marco M. Hoeberichts – Claudia Kwapil – Hervé Le Bihan – Patrick Lünnemann – Fernando Martins – Roberto Sabbatini – Harald Stahl – Philip Vermeulen – Jouko Vilmunen
Sticky prices in the euro area: a summary of new micro evidence (pdf 112 kB)
Banco de Portugal, Working paper 5-06

 

Juha Kilponen – Antti Ripatti
Suomen Pankin dynaaminen yleisen tasapainon malli (Aino) ja reaalisten suhdannevaihteluiden teoria
Kansantaloudellinen aikakauskirja 4/2006: 451-464 (in Finnish)

 

Antti Suvanto
Keskuspankkien tyylit: Euroopan ja Yhdysvaltain rahapolitiikan vertailua
in the publication dedicated to Erkki Koskela (Julkinen talous, rahoitus ja talouspolitiikka), Honkapohja, Stenbacka, Vanhala & Vesala (eds); 2006: 165-177 (in Finnish)

Jouko Vilmunen
How often do consumer prices change in Finland: Observations from microdata on consumer prices, in the publication dedicated to Erkki Koskela (Julkinen talous, rahoitus ja talouspolitiikka), Honkapohja, Stenbacka, Vanhala & Vesala (eds); 2006: 52-68 (in Finnish)

 

Timo Korkeamäki – Elina Rainio – Tuomas Takalo
Suomen osakeyhtiölaki ja sen uudistus: vaikutuksia sijoittajansuojaan
Kansantaloudellinen aikakauskirja 4/2006: 483-496 (in Finnish)

 

Matti Virén
Miten arvonlisävero vaikuttaa kuluttajahintoihin?
VATT, Keskustelualoitteita/Discussion Papers 380/2006 (in Finnish)

Klaus Kultti – Tuomas Takalo – Juuso Toikka
Patenttisuojalla on yllättäviä vaikutuksia innovaatiokannustimiin
Helsingin yliopisto, Kansantaloustieteen alumnit, Alumnitiedote 1/2006 (in Finnish)

 

Esa Jokivuolle – Samu Peura
LGD in a structural model of default
Altman & Resti & Sironi (eds.): Recovery risk; the next challenge in credit risk management, 2005: 201-216

 

Jukka Jalava – Matti Pohjola – Antti Ripatti – Jouko Vilmunen
Biased Technical Change and Capital-Labour Substitution in Finland, 1902-2003
Helsinki Center of Economic Research, Discussion Paper No 56 / March 2005

 

Tuomas Takalo – Tanja Tanayama – Otto Toivanen
Selection or self-rejection? Applications into a voluntary treatment program: The case of R&D subsidies
• Helsinki Center of Economic Research, Discussion Paper No 76 / August 2005
• London School of Economics (LSE), RICAFE Working Paper No. 014, February 2005 (pdf 237 kB)

 

Panu Poutvaara – Tuomas Takalo
Candidate Quality 
Helsinki Center of Economic Research, Discussion Paper No 74 / August 2005

 

Emmanuel Dhyne – Luis J. Álvarez – Hervé Le Bihan – Giovanni Veronese – Daniel Dias – Johannes Hoffmann –  Nicole Jonker – Patrick Lünnemann – Fabio Rumler – Jouko Vilmunen
Price setting in the euro area: some stylized facts from individual consumer price data
• Banco de Portugal, Estudos e documentos de trabalho, Working papers 6-05 Jun 2005
• National Bank of Belgium, Working Paper 74 (16.9.2005)
• European Central Bank, Working Paper Series No. 524, September 2005 (pdf 746 kB)
• Banco de España, Documentos de Trabajo Nº 0528, 2005 (pdf 672 kB)
• Banque de France, Working paper nº 136, November 2005 

 

Lauri Kajanoja – Antti Ripatti
Notes on the estimation for the Finnish term structure
BIS Papers No. 25: Zero-coupon yield curves: technical documentation, October 2005

 

Juha Kilponen – Mark Salmon
Elements of robust decision theory applied to U.K. monetary policy (pdf 348 kB)
Warwick Finance Research Institute, Working Paper Series WF05-233, August 2005

Klaus Kultti – Tuomas Takalo
Tulisiko ohjelmistojen ja liiketoimintamenetelmien patentointi sallia? Oikeustaloustieteellinen näkökulma (pdf 2.49 MB)
Kansantaloudellinen aikakauskirja 2/2005: 165-174 (in Finnish)

 

Kaisa Kotakorpi – Tuomas Takalo
Viestintämarkkinoiden sääntely ja laajakaistainvestoinnit
Kasvio, A., T. Inkinen and H. Liikala (eds.): Tietoyhteiskunta: Myytit ja Todellisuus ("Regulation and investments in communications markets"), 2005: 307-324 (in Finnish)

 

Martin Ellison – Lucio Sarno – Jouko Vilmunen
Caution or Activism? Monetary Policy Strategies in an Open Economy
CEPR Discussion Papers 4766, November 2004

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Martin Ellison – Liam Graham – Jouko Vilmunen
Strong contagion with weak spillovers
CEPR Discussion Papers 4762, November 2004