Maritta Paloviita

Bank of Finland - Research

Economist

P.O. Box 160

FIN-00101 Helsinki

Finland

SCHOLARLY PAPERS

33

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2,692

SSRN CITATIONS
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Top 8,045

in Total Papers Citations

84

CROSSREF CITATIONS

77

Scholarly Papers (33)

1.
Downloads 258 (169,166)
Citation 1

IQ, Expectations, and Choice

Chicago Booth Research Paper No. 19-20, Fama-Miller Working Paper
Number of pages: 80 Posted: 12 Sep 2019 Last Revised: 02 Mar 2021
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 120 (327,297)

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Behavioral Macroeconomics, Heterogeneous Beliefs, Limited Cognition, Expectations Formation, Household Finance

IQ, Expectations, and Choice

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-08
Number of pages: 76 Posted: 31 Jan 2019 Last Revised: 12 Sep 2019
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 72 (453,741)

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Behavioral Macroeconomics, Heterogeneous Beliefs, Limited Cognition, Expectations Formation, Household Finance

IQ, Expectations, and Choice

Bank of Finland Research Discussion Paper No. 2/2019
Number of pages: 78 Posted: 24 Jan 2019 Last Revised: 18 Nov 2021
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 57 (511,752)
Citation 1

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Behavioral Macroeconomics, Heterogeneous Beliefs, Limited Cognition, Expectations Formation, Household Finance

IQ, Expectations, and Choice

NBER Working Paper No. w25496
Number of pages: 76 Posted: 30 Jan 2019 Last Revised: 01 Sep 2022
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 9 (849,323)

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2.
Downloads 245 (177,813)
Citation 22

Human Frictions in the Transmission of Economic Policy

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-07
Number of pages: 60 Posted: 31 Jan 2019 Last Revised: 29 Sep 2021
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 97 (378,972)
Citation 15

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Macroeconomic Beliefs, Limited Cognition, Heterogeneous Agents, Fiscal and Monetary Policy, Survey Data, Household Finance

Human Frictions in the Transmission of Economic Policy

Chicago Booth Research Paper No. 19-21, Fama-Miller Working Paper
Number of pages: 58 Posted: 12 Sep 2019 Last Revised: 21 Jul 2022
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 91 (394,867)
Citation 11

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Cognition, Behavioral Macroeconomics, Heterogeneous Agents, Fiscal and Monetary Policy, Beliefs, Redistribution, Inequality, Survey Data, Household Finance.

Human Frictions in the Transmission of Economic Policy

Bank of Finland Research Discussion Paper No. 12/2021
Number of pages: 61 Posted: 10 Sep 2021 Last Revised: 18 Nov 2021
Georgetown University, Bank of Finland - Research, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 57 (511,752)

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Cognition, Behavioral Macroeconomics, Heterogeneous Agents, Fiscal Policy, Monetary Policy, Beliefs, Redistribution, Inequality, Survey Data, Household Finance

Effective Policy Communication: Targets versus Instruments

Chicago Booth Research Paper No. 20-38, Fama-Miller Working Paper , University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-148
Number of pages: 42 Posted: 21 Oct 2020
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 103 (364,411)
Citation 3

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Behavioral Macroeconomics, Heterogeneous Beliefs, Limited Cognition, Expectations Formation, Household Finance

Effective Policy Communication: Targets versus Instruments

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-148
Number of pages: 43 Posted: 19 Oct 2020
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 78 (433,688)
Citation 1

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Behavioral Macroeconomics, Heterogeneous Beliefs, Limited Cognition, Expectations Formation, Household Finance

4.

Inflation Expectations and Their Role in Eurosystem Forecasting

ECB Occasional Paper No. 2021/264
Number of pages: 146 Posted: 23 Sep 2021 Last Revised: 18 Nov 2021
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank of Italy, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Oesterreichische Nationalbank (OeNB), Board of Governors of the Federal Reserve System, National Bank of Belgium, Bank of Estonia, Bulgarian National Bank, Bank of Estonia, Bank of Finland - Research, Czech National Bank, Bank of Finland, National Bank of Denmark, Banque de France, European Central Bank (ECB), Deutsche Bundesbank, European Central Bank, European Central Bank (ECB), Deutsche Bundesbank, Deutsche Bundesbank, European Central Bank, Deutsche Bundesbank, University of Oxford, Bank of Greece, European Central Bank (ECB), Bank of Greece, National Bank of Poland, Bank of Italy, National Bank of Poland, Latvijas Banka, Bank of Portugal - Economic Research Department, Latvijas Banka, Národná banka Slovenska, Bank of Lithuania, Bank of Slovenia, Banque centrale du Luxembourg, European Central Bank (ECB), De Nederlandsche Bank, Banco de España, De Nederlandsche Bank and Sveriges Riksbank
Downloads 157 (264,876)

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anchoring, forecasting, Inflation expectations, macroeconomics, monetary policy

5.

Updating the Euro Area Phillips Curve: The Slope Has Increased

Bank of Finland Research Discussion Paper No. 31/2014
Number of pages: 12 Posted: 07 Jan 2015
Sami Oinonen and Maritta Paloviita
Bank of Finland - Monetary Policy and Bank of Finland - Research
Downloads 157 (264,876)
Citation 9

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inflation, Phillips curve, cycle

6.

Estimating a Small DSGE Model under Rational and Measured Expectations: Some Comparisons

Bank of Finland Research Discussion Paper No. 14/2007
Number of pages: 33 Posted: 03 Oct 2007
Maritta Paloviita
Bank of Finland - Research
Downloads 153 (270,357)
Citation 3

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DSGE model, survey expectations, GMM system estimation, expectations, estimation

7.

Comparing Alternative Phillips Curve Specifications: European Results With Survey-Based Expectations

Bank of Finland Research Discussion Paper No. 22/2005
Number of pages: 32 Posted: 02 Oct 2007
Maritta Paloviita
Bank of Finland - Research
Downloads 150 (274,752)
Citation 6

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Phillips curve, expectations, Europe

8.

Inflation Dynamics in the Euro Area and the Role of Expectations

Bank of Finland Working Paper No. 20/2002
Number of pages: 43 Posted: 15 Jan 2003
Maritta Paloviita
Bank of Finland - Research
Downloads 113 (339,837)
Citation 1

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Phillips curve, expectations, euro area

9.

Reading between the Lines: Using Text Analysis to Estimate the Loss Function of the ECB

Bank of Finland Research Discussion Paper No. 12/2020
Number of pages: 48 Posted: 14 Jan 2021 Last Revised: 18 Nov 2021
Bank of Finland - Research, Bank of Finland - Research, Bank of Finland - Research, Bank of Finland - Research and Bank of Finland
Downloads 105 (357,263)

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central bank communication, ECB, monetary policy, textual analysis, inflation target, real time projections, loss function

10.

The Role of Expectations in the Inflation Process in the Euro Area

Bank of Finland Discussion Paper No. 6/2005
Number of pages: 37 Posted: 18 Aug 2005
Maritta Paloviita and Matti Viren
Bank of Finland - Research and Bank of Finland - Research
Downloads 91 (391,442)
Citation 6

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Inflation, expectations, monetary policy, Phillips curve

11.

Inflation Dynamics in the Euro Area and the Role of Expectations: Further Results

Bank of Finland Discussion Paper No. 21/2004
Number of pages: 28 Posted: 14 Dec 2004
Maritta Paloviita
Bank of Finland - Research
Downloads 90 (394,137)
Citation 8

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Phillips curve, expectations, euro area

12.

Real Time Analysis of Euro Area Fiscal Policies: Adjustment to the Crisis

Bank of Finland Research Discussion Paper No. 21/2011
Number of pages: 33 Posted: 05 Nov 2011
Maritta Paloviita and Helvi Kinnunen
Bank of Finland - Research and Bank of Finland - Research
Downloads 81 (419,818)
Citation 3

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fiscal policy, real time data, planning stage, implementation stage, cyclical sensitivity, economic crisis

13.

Estimating Open Economy Phillips Curves for the Euro Area with Directly Measured Expectations

Bank of Finland Research Discussion Paper No. 16/2008
Number of pages: 40 Posted: 30 Jun 2008
Maritta Paloviita
Bank of Finland - Research
Downloads 75 (438,494)

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New Keynesian Phillips curve, open economy, expectations, euro area

The Use of Real Time Information in Phillips Curve Relationships for the Euro Area

Bank of Finland Discussion Paper No. 16/2004
Number of pages: 55 Posted: 12 Nov 2004
Maritta Paloviita and David G. Mayes
Bank of Finland - Research and University of Auckland Business School (Deceased)
Downloads 64 (483,130)
Citation 7

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Real-time data, Phillips curve, euro area

The Use of Real-Time Information in Phillips Curve Relationships for the Euro Area

Bundesbank Series 1 Discussion Paper No. 2004,28
Number of pages: 64 Posted: 08 Jun 2016
Maritta Paloviita and David G. Mayes
Bank of Finland - Research and University of Auckland Business School (Deceased)
Downloads 11 (827,371)

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real-time data, Phillips curve, euro area

15.

What Does “Below, But Close to, Two Percent” Mean? Assessing the Ecb's Reaction Function with Real Time Data

Bank of Finland Research Discussion Paper No. 29/2017
Number of pages: 45 Posted: 09 Oct 2017 Last Revised: 18 Nov 2021
Maritta Paloviita, Markus Haavio, Pirkka Jalasjoki and Juha Kilponen
Bank of Finland - Research, Bank of Finland - Research, Bank of Finland - Research and Bank of Finland - Research
Downloads 70 (455,154)
Citation 3

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credibility, inflation target, monetary policy, realtime projections, Taylor rule

16.

The Role of Expectations in Euro Area Inflation Dynamics

Bank of Finland Studies Working Paper No. E:32-2005
Number of pages: 95 Posted: 30 Dec 2005
Maritta Paloviita
Bank of Finland - Research
Downloads 68 (461,997)
Citation 4

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Phillips curve, expectations, euro area

17.

How Have Inflation Dynamics Changed over Time? Evidence from the Euro Area and USA

Bank of Finland Research Discussion Paper No. 6/2013
Number of pages: 39 Posted: 02 Jul 2013
Sami Oinonen, Maritta Paloviita and Lauri Vilmi
Bank of Finland - Monetary Policy, Bank of Finland - Research and Bank of Finland - Monetary Policy
Downloads 66 (469,158)
Citation 7

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inflation, Phillips curve, time-varying parameters, survey expectations

18.

Responsiveness of Consumers' Medium-Term Inflation Expectations: Evidence from a New Euro Area Survey

Bank of Finland Research Discussion Paper No. 10/2021
Number of pages: 61 Posted: 30 Jun 2021 Last Revised: 29 Jun 2022
Ewa Stanislawska and Maritta Paloviita
Economic Institute, Narodowy Bank Polski and Bank of Finland - Research
Downloads 63 (480,367)

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inflation expectations, consumer survey, micro-data

19.

The Bias and Efficiency of the ECB Inflation Projections: A State Dependent Analysis

Bank of Finland Research Discussion Paper No. 7/2021
Number of pages: 36 Posted: 30 Apr 2021 Last Revised: 18 Nov 2021
Eleonora Granziera, Pirkka Jalasjoki and Maritta Paloviita
Norges Bank, Bank of Finland - Research and Bank of Finland - Research
Downloads 57 (503,850)

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20.

Formation of Inflation Expectations in Turbulent Times: Can ECB Manage Inflation Expectations of Professional Forecasters?

Bank of Finland Research Discussion Paper No. 13/2017
Number of pages: 32 Posted: 28 Jun 2017 Last Revised: 18 Nov 2021
Tomasz Łyziak and Maritta Paloviita
National Bank of Poland and Bank of Finland - Research
Downloads 57 (503,850)

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21.

Effective Policy Communication: Targets Versus Instruments

Bank of Finland Research Discussion Paper No. 17/2020
Number of pages: 45 Posted: 14 Jan 2021
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 50 (534,054)

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22.

Anchoring of Inflation Expectations in the Euro Area: Recent Evidence Based on Survey Data

ECB Working Paper No. 1945
Number of pages: 29 Posted: 29 Aug 2016
Tomasz Lyziak and Maritta Paloviita
National Bank of Poland - Bureau of Macroeconomic Research and Bank of Finland - Research
Downloads 47 (547,897)
Citation 9

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Inflation expectations, anchoring, survey data, euro area, financial crisis

23.

Assessing Reliability of Aggregated Inflation Views in the European Commission Consumer Survey

Bank of Finland Research Discussion Paper No. 10/2019
Number of pages: 40 Posted: 09 Jul 2019 Last Revised: 18 Nov 2021
Ewa Stanislawska, Maritta Paloviita and Tomasz Łyziak
Economic Institute, Narodowy Bank Polski, Bank of Finland - Research and National Bank of Poland
Downloads 34 (616,841)

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inflation expectations, European Union, consumer survey

24.

Analysis of Aggregated Inflation Expectations Based on the ECB SPF Survey

Bank of Finland Research Discussion Paper No. 29/2014
Number of pages: 24 Posted: 03 Dec 2014
Sami Oinonen and Maritta Paloviita
Bank of Finland - Monetary Policy and Bank of Finland - Research
Downloads 33 (622,838)
Citation 6

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survey data, expectations, changing panel composition

25.

How to Explain Errors in Budget Balance Forecasts in Euro Area Countries? Empirical Evidence Based on Real-Time Data

Bank of Finland Research Discussion Paper No. 17/2016
Number of pages: 39 Posted: 20 Jun 2016
Maritta Paloviita and Pasi Ikonen
Bank of Finland - Research and Bank of Finland - Financial Markets
Downloads 32 (628,871)

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E62, E32, fiscal policy, real-time data, economic crisis

26.

Real Time Uncertainty in Fiscal Planning and Debt Accumulation in the Euro Area

International Economics and Economic Policy, Forthcoming, Bank of Finland Research Discussion Paper No. 35/2012
Number of pages: 34 Posted: 30 Nov 2012 Last Revised: 11 Aug 2015
Maritta Paloviita
Bank of Finland - Research
Downloads 30 (641,815)
Citation 6

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fiscal policy, debt accumulation, real time data, cyclical sensitivity, economic crisis

27.

Inflation and Output Growth Uncertainty in Individual Survey Expectations

Emprica, Journal of Applied Economics and Economic Policy, Vol. 41, No. 1, 2014, Bank of Finland Research Discussion Paper No. 37/2012
Number of pages: 24 Posted: 16 Feb 2013 Last Revised: 31 Oct 2014
Maritta Paloviita and Matti Viren
Bank of Finland - Research and Bank of Finland - Research
Downloads 29 (648,427)
Citation 3

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forecasting, survey data, expectations, Phillips curve

28.

Fiscal Planning and Implementation: Euro Area Analysis Based on Real Time Data

Bank of Finland Research Discussion Paper No. 34/2012
Number of pages: 29 Posted: 29 Nov 2012
Maritta Paloviita
Bank of Finland - Research
Downloads 29 (648,427)
Citation 4

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fiscal policy, real time data, planning stage, implementation stage, cyclical sensitivity, economic crisis

29.

Analysis of Forecast Errors in Micro-Level Survey Data

Bank of Finland Research Discussion Paper No. 8/2014
Number of pages: 23 Posted: 15 Mar 2014
Maritta Paloviita and Matti Viren
Bank of Finland - Research and Bank of Finland - Research
Downloads 28 (655,211)

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forecasting, survey data, expectations

30.

How Informative are Aggregated Inflation Expectations? Evidence from the ECB Survey of Professional Forecasters

Bank of Finland Research Discussion Paper No. 15/2016
Number of pages: 31 Posted: 31 May 2016 Last Revised: 18 Nov 2021
Sami Oinonen and Maritta Paloviita
Bank of Finland - Monetary Policy and Bank of Finland - Research
Downloads 24 (684,547)

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31.

Are Individual Survey Expectations Internally Consistent?

National Bank of Poland Working Paper No. 140
Number of pages: 29 Posted: 09 Feb 2013
Maritta Paloviita and Matti Viren
Bank of Finland - Research and Bank of Finland - Research
Downloads 23 (692,377)
Citation 1

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Forecasting, Survey data, Expectations, Phillips curve

32.

Effects of Monetary Policy Decisions on Professional Forecasters’ Expectations and Expectations Uncertainty

Bank of Finland Research Discussion Paper No. 24/2018
Number of pages: 40 Posted: 21 Nov 2018 Last Revised: 18 Nov 2021
Sami Oinonen, Maritta Paloviita and Matti Viren
Bank of Finland - Monetary Policy, Bank of Finland - Research and Bank of Finland - Research
Downloads 18 (732,682)

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33.

Human Frictions in the Transmission of Economic Policies

NBER Working Paper No. w29279
Number of pages: 59 Posted: 27 Sep 2021 Last Revised: 03 Jul 2022
Georgetown University, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 3 (887,117)
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