Strategic research plan

Research fields	Subfields	Ongoing research in 2021
Development of models	Macroeconomic models Banking sector models Short-term forecasting models	Development of the credit risk and profitability model of Estonian banking sector Development of the Bank of Estonia DSGE model
Monetary policy	Monetary policy transmission Inflation Interaction of fiscal and monetary policy	Expectations formation and the transmission of monetary policy - lessons for policy strategy
Financial sector	Macro-prudential supervision Structure of the financial sector and financing of the economy Financial behaviour of companies and households Financial markets	What determines the level and dynamics of bank loan interests rate margins? Competition and systemic risk in the banking sector Research in the framework of Household Finance and Consumption Network
Real economy	Structure and efficiency of labour and product markets Competitiveness Business cycle analysis Fiscal sustainability	The structure of economy and productivity