Juha Kilponen

Bank of Finland - Research

Research Supervisor

P.O. Box 160

FIN-00101 Helsinki

Finland

http://www.bof.fi/en/suomen_pankki/organisaatio/asiantuntijoita/kilponen_juha/

SCHOLARLY PAPERS

30

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2,388

CITATIONS
Rank 4,635

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Top 4,635

in Total Papers Citations

176

Scholarly Papers (30)

1.

GDP at Risk in a DSGE Model: An Application to Banking Sector Stress Testing

Bank of Finland Research Discussion Paper No. 26/2007
Number of pages: 30 Posted: 19 Dec 2007 Last Revised: 01 Feb 2008
Esa Jokivuolle, Juha Kilponen and Tero Kuusi
Bank of Finland, Research Unit, Bank of Finland - Research and Bank of Finland - Research
Downloads 450 (62,719)
Citation 1

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DSGE models, financial stability, loan losses, stress testing

2.

Sovereign Risk, European Crisis Resolution Policies and Bond Yields

International Journal of Central Banking Volume 11, Number 2, March 2015: 285-323 , Bank of Finland Research Discussion Paper No. 22/2012
Number of pages: 29 Posted: 09 Jul 2012 Last Revised: 05 Mar 2015
Juha Kilponen, Helinä Laakkonen and Jouko Vilmunen
Bank of Finland - Research, Bank of Finland and Bank of Finland, Research Unit
Downloads 245 (123,952)
Citation 14

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bond markets, policy effects, liquidity, European sovereign debt crisis, monetary policy

3.

When Do R&D Subsidies Boost Innovation? Revisiting the Inverted U-Shape

Bank of Finland Research Discussion Paper No. 10/2007
Number of pages: 33 Posted: 13 Sep 2007
Juha Kilponen and Torsten Santavirta
Bank of Finland - Research and Aalto University
Downloads 181 (165,260)
Citation 2

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competition, innovation, R&D subsidies, patents

4.

The Aino 2.0 Model

Bank of Finland Research Discussion Paper No. 16/2016
Number of pages: 98 Posted: 14 Jun 2016
Bank of Finland - Research, Bank of Finland, Monetary Policy and Research Department, University of Helsinki and Bank of Finland - Research
Downloads 125 (224,616)

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DSGE model, Finnish economy, small open economy, Bayesian estimation, aggregate shocks

5.

The Lending Channel under Optimal Choice of Monetary Policy

Bank of Finland Research Discussion Paper No. 33/2007
Number of pages: 42 Posted: 31 Jan 2008
Juha Kilponen and Alistair Milne
Bank of Finland - Research and Loughborough University - School of Business and Economics
Downloads 114 (240,447)

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bank capital, bank lending, capital buffers, pro-cyclicality, capital regulation, cost channel, credit channel, loan margins, monetary trade-offs

6.

Population Ageing in a Small Open Economy - Some Policy Experiments with a Tractable General Equilibrium Model

Bank of Finland Research Discussion Paper No. 28/2006
Number of pages: 45 Posted: 02 Oct 2007
Juha Kilponen, Helvi Kinnunen and Antti Ripatti
Bank of Finland - Research, Bank of Finland - Research and University of Helsinki
Downloads 108 (249,875)
Citation 11

Abstract:

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ageing, general equilibrium, public finance, demographic uncertainty

7.

Comparing Fiscal Multipliers Across Models and Countries in Europe

ECB Working Paper No. 1760
Number of pages: 48 Posted: 12 Mar 2015
Bank of Finland - Research, Bank of Italy, European Central Bank (ECB), Sveriges Riksbank - Monetary Policy, Czech National Bank, Goethe University Frankfurt, Banco de España, Bank of Portugal, Bank of Estonia, Banque de France, University of Primorska, Sveriges Riksbank, Bank of Portugal, Central Bank of Malta - Modelling and Research Office, Bank of Greece, Czech National Bank (CNB), Bank of Greece, Banco de España and Facultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences
Downloads 101 (261,723)
Citation 1

Abstract:

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fiscal policy, output multipliers, model comparison, zero lower bound

8.

A Positive Theory of Monetary Policy and Robust Control

Bank of Finland Discussion Paper No. 18/2003
Number of pages: 29 Posted: 29 Oct 2003
Juha Kilponen
Bank of Finland - Research
Downloads 101 (261,723)
Citation 18

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Risk-sensitivity, robust control theory, monetary policy, Brainard conservatism, model uncertainty

Kiss Me Deadly: From Finnish Great Depression to Great Recession

Bank of Finland Research Discussion Paper No. 24/2014
Number of pages: 42 Posted: 22 Oct 2014
Adam Gulan, Markus Haavio and Juha Kilponen
Bank of Finland - Research, Bank of Finland - Research and Bank of Finland - Research
Downloads 74 (320,703)
Citation 2

Abstract:

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business cycles, great depressions, financial shocks, sign restrictions, Finland

Kiss Me Deadly: From Finnish Great Depression to Great Recession

Bank of Finland Research Discussion Paper No. 24/2014
Number of pages: 42 Posted: 26 Apr 2016
Adam Gulan, Markus Haavio and Juha Kilponen
Bank of Finland - Research, Bank of Finland - Research and Bank of Finland - Research
Downloads 26 (499,083)

Abstract:

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E32, E44, O52

10.

Euler Consumption Equation with Non-Separable Preferences over Consumption and Leisure and Collateral Constraints

Bank of Finland Research Discussion Paper No. 9/2009
Number of pages: 36 Posted: 07 Jul 2009
Juha Kilponen
Bank of Finland - Research
Downloads 89 (284,005)
Citation 25

Abstract:

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housing, financial distress, excess sensitivity of consumption

11.

Discretion and the Transmission Lags of Monetary Policy

Bank of Finland Research Discussion Paper No. 8/2007
Number of pages: 27 Posted: 24 Aug 2007
Juha Kilponen and Kai Leitemo
Bank of Finland - Research and Norwegian School of Management
Downloads 87 (288,118)
Citation 1

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discretionary and stabilization bias, monetary policy, transmission lags, inflation targeting, money targeting

12.

Labour and Product Market Competition in a Small Open Economy − Simulation Results Using a DGE Model of the Finnish Economy

Bank of Finland Research Discussion Paper No. 5/2006
Number of pages: 54 Posted: 30 Aug 2007
Juha Kilponen and Antti Ripatti
Bank of Finland - Research and University of Helsinki
Downloads 75 (314,930)
Citation 31

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competition, dynamic general equilibrium, public finance

13.

Government Bond Risk Premia and the Cyclicality of Fiscal Policy

ECB Working Paper No. 1411
Number of pages: 59 Posted: 21 Dec 2011
European Central Bank (ECB), European Central Bank (ECB) - Directorate General Research and Bank of Finland - Research
Downloads 74 (317,342)

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DSGE models, fiscal policy, bond risk premium, monetary policy

14.

Robust Expectations and Uncertain Models - a Robust Control Approach with Application to the New Keynesian Economy

Bank of Finland Discussion Paper No. 5.2004
Number of pages: 46 Posted: 02 Jul 2004
Juha Kilponen
Bank of Finland - Research
Downloads 66 (337,857)
Citation 28

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expectations, robust control, model uncertainty, monetary policy,

15.

Public Debt, Population Ageing and Medium-Term Growth

ECB Occasional Paper No. 165
Number of pages: 62 Posted: 26 Sep 2015
European Central Bank (ECB), Banque Centrale du Luxembourg, Bank of Greece, European Central Bank (ECB), Central Bank of Malta, Banque de France, Bank of Finland - Research, Bank of Estonia, Banque Centrale du Luxembourg, Banco do Portugal, European Central Bank (ECB), Bank of Italy, Bank of Greece, Deutsche Bundesbank and Banco de España
Downloads 65 (340,484)

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medium-term growth, fiscal consolidation, sovereign debt, structural

16.

Why Do Growth Rates Differ? Evidence from Cross-Country Data on Private Sector Production

Bank of Finland Research Discussion Paper No. 13/2008
Number of pages: 32 Posted: 20 May 2008
Juha Kilponen and Matti Viren
Bank of Finland - Research and Bank of Finland - Research
Downloads 61 (351,654)
Citation 18

Abstract:

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growth, R&D, production function, patents

17.

Testing the Q Theory of Investment in the Frequency Domain

Bank of Finland Research Discussion Paper No. 32/2016
Number of pages: 32 Posted: 14 Feb 2017
Juha Kilponen and Fabio Verona
Bank of Finland - Research and Bank of Finland - Research
Downloads 60 (354,485)

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investment, Tobin’s Q, bond Q, intangible Q, intangible investment, cash flow, discrete wavelets, frequency estimation, forecast

18.

Central Bank Independence and Wage Bargaining Structure - Empirical Evidence

Bank of Finland Research Discussion Paper No. 9/1999
Number of pages: 45 Posted: 18 Oct 2007
Juha Kilponen
Bank of Finland - Research
Downloads 60 (354,485)
Citation 6

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central bank independence, wage bargaining, monetary policy

19.

Robustness in Monetary Policymaking: A Case for the Friedman Rule

Bank of Finland Research Discussion Paper No. 4/2006
Number of pages: 22 Posted: 30 Aug 2007
Juha Kilponen and Kai Leitemo
Bank of Finland - Research and Norwegian School of Management
Downloads 38 (429,970)
Citation 1

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policy robustness, money growth targeting, inflation targeting, Friedman rule

20.

New Evidence on Implicit Contracts from Linked Employer-Employee Data

Bank of Finland Research Discussion Paper No. 12/2010
Number of pages: 28 Posted: 06 May 2010
Juha Kilponen and Torsten Santavirta
Bank of Finland - Research and Aalto University
Downloads 34 (446,408)

Abstract:

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wage cyclicality, limited commitment, match-specific fixed effects

21.

The Inflation Target and the Structure of Labour Markets: Implications for Common Monetary Policy

Bank of Finland Research Discussion Paper No. 7/1999
Number of pages: 31 Posted: 14 Oct 2007
Juha Kilponen
Bank of Finland - Research
Downloads 33 (450,730)
Citation 1

Abstract:

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monetary policy, labor markets, European Monetary Union, inflation targeting

22.

Productivity and Job Flows: Heterogeneity of New Hires and Continuing Jobs in the Business Cycle

The Scandinavian Journal of Economics, Vol. 116, Issue 4, pp. 1068-1090, 2014 , Bank of Finland Research Discussion Paper No. 15/2009, ECB Working Paper No. 1080
Number of pages: 50 Posted: 06 Jul 2009 Last Revised: 13 Oct 2014
Juha Kilponen and Juuso Vanhala
Bank of Finland - Research and Bank of Finland
Downloads 28 (474,379)
Citation 21

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matching, productivity shocks, new hires, continuing jobs, job flows, Beveridge curve, vintage structure

23.

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: 43 Posted: 09 Oct 2017 Last Revised: 07 May 2019
Bank of Finland - Research, Bank of Finland - Research, Bank of Finland - Research and Bank of Finland - Research
Downloads 27 (479,515)

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

24.

Estimating Intertemporal Elasticity of Substitution in a Sticky Price Model

Bank of Finland Research Discussion Paper No. 9/2013
Number of pages: 30 Posted: 10 Jul 2013
Juha Kilponen, Jouko Vilmunen and Oskari Vahamaa
Bank of Finland - Research, Bank of Finland, Research Unit and University of Turku
Downloads 26 (484,824)

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monetary policy, Bayesian estimation, non-separable utility

25.

Welfare and Bond Pricing Implications of Fiscal Stabilization Policies

Bank of Finland Research Discussion Paper No. 32/2013
Number of pages: 50 Posted: 20 Dec 2013
European Central Bank (ECB), European Central Bank (ECB) - Directorate General Research and Bank of Finland - Research
Downloads 22 (507,158)
Citation 1

Abstract:

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New Keynesian models, fiscal policy, bond risk premium, monetary policy

26.

Taxation and Centralised Wage Setting: The Case of Endogenous Labour Supply

Scottish Journal of Political Economy, Vol. 52, No. 4, pp. 587-606, September 2005
Number of pages: 20 Posted: 29 Dec 2005
Juha Kilponen and Pekka Sinko
Bank of Finland - Research and Government Institute for Economic Research (VATT)
Downloads 13 (559,853)
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27.

Can Large Trade Shocks Cause Crises? The Case of the Finnish-Soviet Trade Collapse

Bank of Finland Research Discussion Paper No. 9/2019
Number of pages: 107 Posted: 06 Jun 2019 Last Revised: 17 Jul 2019
Adam Gulan, Markus Haavio and Juha Kilponen
Bank of Finland - Research, Bank of Finland - Research and Bank of Finland - Research
Downloads 2 (635,562)

Abstract:

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trade shock, natural experiment, financial propagation, great depressions, small open economy

28.

New Evidence on Implicit Contracts from Linked Employer–Employee Data

Scandinavian Journal of Economics, Vol. 112, Issue 4, pp. 864-883, December 2010
Number of pages: 20 Posted: 16 Nov 2010
Juha Kilponen and Torsten Santavirta
Bank of Finland - Research and Aalto University
Downloads 2 (635,562)
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29.

New Evidence on Implicit Contracts from Linked Employer/Employee Data

Scandinavian Journal of Economics, Vol. 112, Issue 4, pp. 864-883, 2010
Number of pages: 20 Posted: 19 Dec 2010
Juha Kilponen and Torsten Santavirta
Bank of Finland - Research and Aalto University
Downloads 1 (648,213)
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Wage setting, limited commitment, business cycle, wage cyclicality, E32, J41, J64

30.

Sensitivity of Job Destruction to Vintage and Tenure Effects

The Scandinavian Journal of Economics, Vol. 116, Issue 4, pp. 1068-1090, 2014
Number of pages: 23 Posted: 23 Sep 2014
Juha Kilponen and Juuso Vanhala
Bank of Finland - Research and Bank of Finland
Downloads 0 (666,167)
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Beveridge curve, cleansing effect, embodied technical change, matching, productivity shocks