STRATEGIC RESEARCH PLAN FOR 2011-2013

   Field of study    Sub-fields    Ongoing research in 2012
Monetary policy   Monetary policy transmission mechanism
  Inflation
  The impact of the ECB's monetary policy on the euro area
  The impact of the ECB's monetary policy on Estonia's economy and the estimation of the transmission mechanism
  The impact of the real interest rate on Estonia's economy
  Estonia's equilibrium inflation
Financial sector   Macroprudential supervision
  The financial behaviour of companies and households
  Indicators describing the lending cycles
  Participation in the research projects of the Household Finance and Consumption Network
Economic growth and business cycle   Economic growth   Monthly index of economic growth
  The impact of foreign direct investment on the volatility of employment in the receiving country
Development of models   Macro models
  Banking sector models
  Improvements to the macro model of Estonia's economy (EMMA)
  The dynamic stochastic general equilibrium model of Estonia and the euro area
  The credit risk and profitability model of the banking sector