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

34

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16

CROSSREF CITATIONS

179

Scholarly Papers (34)

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 471 (77,001)
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 314 (122,255)
Citation 18

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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 203 (188,567)
Citation 5

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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 Last Revised: 22 Apr 2020
Bank of Finland - Research, Bank of Finland, Monetary Policy and Research Department, Bank of FinlandUniversity of Helsinki and Bank of Finland - Research
Downloads 177 (213,076)

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5.

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, European Central Bank (ECB), 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 National Bank of BelgiumFacultés Universitaires Notre-Dame de la Paix (FUNDP) - Faculty of Economics, Management and Social Sciences
Downloads 162 (229,731)
Citation 1

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

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
Bank of Finland - Research, Bank of Finland - Research and Bank of FinlandUniversity of Helsinki
Downloads 128 (277,254)
Citation 16

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ageing, general equilibrium, public finance, demographic 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 93 (348,019)
Citation 11

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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 30 (592,016)

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E32, E44, O52

8.

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 121 (289,125)
Citation 1

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

9.

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 104 (321,328)
Citation 18

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

10.

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 101 (327,527)

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

11.

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 100 (329,688)
Citation 25

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housing, financial distress, excess sensitivity of consumption

12.

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 93 (345,288)
Citation 1

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

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 88 (357,479)

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

14.

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, Antti Ripatti and Antti Ripatti
Bank of Finland - Research and Bank of FinlandUniversity of Helsinki
Downloads 81 (375,917)
Citation 34

Abstract:

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competition, dynamic general equilibrium, public finance

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, Central Bank of Cyprus, Bank of Italy, Bank of Greece, Deutsche Bundesbank and Banco de España
Downloads 80 (378,634)

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

16.

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 68 (414,369)
Citation 27

Abstract:

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expectations, robust control, model uncertainty, monetary policy,

17.

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 66 (421,027)
Citation 6

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central bank independence, wage bargaining, monetary policy

18.

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 64 (427,714)
Citation 18

Abstract:

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growth, R&D, production function, patents

19.

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: 15 Oct 2021
Bank of Finland - Research, Bank of Finland - Research, Bank of Finland - Research, Bank of Finland - Research and Bank of Finland
Downloads 60 (441,746)

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

20.

Sovereign Risk, European Crisis Resolution Policies and Bond Yields

Bank of Finland Research Discussion Paper No. 22/2012
Number of pages: 29 Posted: 30 Nov 2015 Last Revised: 04 Jun 2016
Juha Kilponen and Helinä Laakkonen
Bank of Finland - Research and Bank of Finland
Downloads 56 (456,402)

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21.

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: 03 Jun 2021
Bank of Finland - Research, Bank of Finland - Research, Bank of Finland - Research and Bank of Finland - Research
Downloads 55 (460,136)
Citation 2

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22.

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 41 (519,488)
Citation 1

Abstract:

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

23.

Review of Macroeconomic Modelling in the Eurosystem: Current Practices and Scope for Improvement

ECB Occasional Paper No. 2021267
Number of pages: 193 Posted: 23 Sep 2021 Last Revised: 06 Oct 2021
European Central Bank (ECB), Bank of Italy, Bank of Finland - Research, Central Bank of Cyprus, European Central Bank (ECB) - Directorate General Research, Banque de France, National Bank of Belgium, Banque de France, European Central Bank (ECB), European Central Bank (ECB), De Nederlandsche Bank - Monetary and Economic Policy Department, European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank, European Central BankECB, Bank of Italy, Bank of Italy, Bank of Finland, Bank of Slovenia, De Nederlandsche Bank - Research Department, National Bank of Belgium, European Central Bank (ECB), Banque de France, Bank of Finland, European Central Bank (ECB), Bank of Finland - Research, Deutsche Bundesbank, Deutsche Bundesbank - Economics Department, Banco de España, European Central Bank (ECB), Bank of Portugal and Université Paris I Panthéon-Sorbonne
Downloads 39 (529,081)

Abstract:

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central banking., econometric modelling, forecasting and simulation, monetary policy

24.

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 (554,784)
Citation 2

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wage cyclicality, limited commitment, match-specific fixed effects

25.

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 34 (554,784)
Citation 1

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

26.

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 33 (560,159)
Citation 1

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monetary policy, Bayesian estimation, non-separable utility

27.

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 32 (565,581)
Citation 22

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

28.

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 28 (588,992)
Citation 2

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

29.

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: 10 Sep 2021
Adam Gulan, Markus Haavio and Juha Kilponen
Bank of Finland - Research, Bank of Finland - Research and Bank of Finland - Research
Downloads 16 (671,640)

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

30.

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 (694,640)
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Revisiting Intertemporal Elasticity of Substitution in a Sticky Price Model

Bank of Finland Research Discussion Paper No. 9/2021
Number of pages: 32 Posted: 10 Jun 2021 Last Revised: 11 Jun 2021
Juha Kilponen, Jouko Vilmunen and Oskari Vähämaa
Bank of Finland - Research, University of Turku and University of Helsinki
Downloads 6 (780,728)

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Revisiting Intertemporal Elasticity of Substitution in a Sticky Price Model

Number of pages: 29 Posted: 14 Jun 2021
Juha Kilponen, Jouko Vilmunen and Oskari Vähämaa
Bank of Finland - Research, University of Turku and University of Helsinki
Downloads 3 (806,371)

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Monetary policy, Bayesian estimation, Non-separable utility

32.

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 (782,361)
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33.

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 (793,692)
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Wage setting, limited commitment, business cycle, wage cyclicality, E32, J41, J64

34.

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 (810,595)
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Beveridge curve, cleansing effect, embodied technical change, matching, productivity shocks