Juha-Pekka Junttila

University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)

PO Box 35

Jyväskylä

Finland

SCHOLARLY PAPERS

33

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Top 27,826

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9

CROSSREF CITATIONS

23

Scholarly Papers (33)

Utilizing Financial Market Information in Forecasting Real Growth, Inflation and Real Exchange Rate

Number of pages: 59 Posted: 22 Jan 2008
Juha-Pekka Junttila and Marko Korhonen
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and University of Turku - Department of Economics
Downloads 200 (212,199)

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Stock market, forecasting, macro economy, exchange rates

Utilizing Financial Market Information in Forecasting Real Growth, Inflation and Real Exchange Rate

Number of pages: 58 Posted: 22 Jan 2008
Juha-Pekka Junttila and Marko Korhonen
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and University of Turku - Department of Economics
Downloads 105 (353,167)
Citation 2

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Stock market, forecasting, macro economy, exchange rates

2.

Adaptive Inflation Expectations Under Structural Changes: The Case of Finland

Number of pages: 41 Posted: 06 May 1997
Juha-Pekka Junttila
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 267 (160,412)

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3.

Testing an Augmented Fisher Hypothesis for Money Market Interest Rates in Finland

Dept. of Economics, University of Oulu WP #7
Number of pages: 67 Posted: 11 Feb 1998
Juha-Pekka Junttila
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 239 (178,838)

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4.

ESG Investment Performance: Evidence from Global Markets

Number of pages: 52 Posted: 28 Feb 2022 Last Revised: 24 Mar 2022
Thanh Nam Vu, Heikki Lehkonen and Juha-Pekka Junttila
University of Jyväskylä - School of Business and Economics, University of Jyväskylä - School of Business and Economics and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 212 (202,054)

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ESG, Sustainable investing, Portfolio management, Emerging markets

5.

COVID-19 and the Discounting of Real Economic Activity in the U.S. and European Stock Markets

Number of pages: 36 Posted: 24 Apr 2020 Last Revised: 27 Jan 2021
Juha-Pekka Junttila and Vance L. Martin
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and University of Melbourne - Department of Economics
Downloads 200 (211,356)

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COVID-19, discounting, stock markets, macro factors, rare disasters, tail risk, unconventional monetary policy

6.

Forecasting the Macroeconomy with Current Financial Market Information in Europe and the United States

EFMA 2002 London Meetings, Bank of Finland Research Discussion Paper No. 2/2002
Number of pages: 73 Posted: 19 Jan 2002
Juha-Pekka Junttila
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 195 (216,227)
Citation 22

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financial markets, forecasting, macroeconomy, Euro-area, USA

7.

The Performance of Economic Tracking Portfolios in an It-Sensitive Stock Market

Number of pages: 40 Posted: 01 Mar 2002
Juha-Pekka Junttila and Heli Kinnunen
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and University of Oulu
Downloads 180 (231,778)
Citation 1

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Industry Stock Portfolios, Forecasting, Macroeconomy

8.

When Aiyagari meets Piketty: Growth, Inequality and Capital Shares

Number of pages: 63 Posted: 17 Mar 2021
Toni Juuti, Kari Heimonen, Juha-Pekka Junttila and Teemu Pekkarinen
Labour Institute for Economic Research, University of Jyväskylä, University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and University of Helsinki - Helsinki Graduate School of Economics
Downloads 157 (260,160)

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Economic growth, Inequality, Top income shares, Capital shares

9.

On the Stability of Stablecoins

Number of pages: 48 Posted: 04 Mar 2021
Klaus Grobys, Juha-Pekka Junttila, James W. Kolari and Niranjan Sapkota
University of Vaasa, University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF), Texas A&M University - Department of Finance and University of Vaasa
Downloads 152 (266,967)

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Bitcoin, financial technology, power laws, spillovers, stablecoins, volatility

10.

Haven on Earth? Dynamic Connections between Gold and Stock Markets in Turbulent Times

Number of pages: 40 Posted: 13 Feb 2017
Juha-Pekka Junttila and Juhani Raatikainen
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and University of Jyväskylä - School of Business and Economics
Downloads 132 (298,077)
Citation 2

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Gold market, Stock market, Risk, Dynamic correlations, Shocks

11.

The Role of Stock and Currency Market Information in the Taylor Rule: Evidence from OECD Countries

Number of pages: 45 Posted: 12 Jan 2013
Juha-Pekka Junttila
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 103 (355,235)

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Monetary policy, Stock market, Curency market

12.

Commodity Market Based Hedging against Stock Market Risk in Times of Financial Crisis: The Case of Crude Oil and Gold

Number of pages: 44 Posted: 26 Aug 2017
Juha-Pekka Junttila, Juho Pesonen and Juhani Raatikainen
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF), University of Jyväskylä - School of Business and Economics and University of Jyväskylä - School of Business and Economics
Downloads 100 (362,197)
Citation 2

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Crisis, Hedging, Commodity Markets, Stock Markets

13.

Speculation and Lottery-Like Demand in Cryptocurrency Markets

Number of pages: 33 Posted: 20 Apr 2020 Last Revised: 08 May 2020
Klaus Grobys and Juha-Pekka Junttila
University of Vaasa and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 96 (371,666)
Citation 1

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MAX, lottery-like demand, cryptocurrency, Financial Technology, FinTech, gambling

14.

Empirical Evidence on the Role of Inflation Regime in the Exchange Rate Pass-Through to Import Prices

Posted: 23 May 2010 Last Revised: 24 May 2010
Marko Korhonen and Juha-Pekka Junttila
University of Turku - Department of Economics and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 84 (403,437)

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Pricing-to-market, smooth transition regression, import prices, inflation regime

15.

Connections between Commodity Prices and Global Macroeconomy: Evidence from Machine Learning and GVAR

Number of pages: 42 Posted: 09 Jan 2022 Last Revised: 13 Mar 2022
Juha-Pekka Junttila, Kari Heimonen and Ernest Owusu Boakye
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF), University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and Jyväskylä University School of Business and Economics
Downloads 80 (415,034)

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commodity prices, macroeconomy, machine learning, Global VAR

16.

Declining Macro-Economic Uncertainty and the Cost of Equity Capital: Analysing the Pre-Emu Period in a Dynamic Setting

Number of pages: 27 Posted: 20 Jan 2005
Juha-Pekka Junttila and Juha-Pekka Kallunki
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and University of Oulu - Department of Economics, Accounting and Finance
Downloads 71 (443,436)

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Stock market, valuation, earnings yield, macroeconomic risks

17.

Revisiting the Real Exchange Rate Parity: The Role of Stock Market Information

Number of pages: 30 Posted: 07 Aug 2010
Marko Korhonen and Juha-Pekka Junttila
University of Turku - Department of Economics and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 69 (450,197)

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real exchange rate, real interest rates, stock markets, cointegration

18.

A Random Walk Down the Economic Policy Street: Effects of Economic Policy Uncertainty on Forecasting Future Real Economic Activity in the Euro Area and the UK

Number of pages: 40 Posted: 17 Feb 2017
Juha-Pekka Junttila and Juuso Vataja
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and Vaasan yliopisto (University of Vaasa)
Downloads 58 (490,676)

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forecasting, financial crisis, EPU, real economic activity

19.

Hedging Commercial Real Estate Price Risk: Evidence from the U.S.

Number of pages: 50 Posted: 19 Aug 2021
Valtteri Jokinen, Juha-Pekka Junttila and Juhani Raatikainen
CBRE Finland, University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and affiliation not provided to SSRN
Downloads 50 (524,113)

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Real estate, Dynamic optimal hedge ratio, Hedging effectiveness, Dynamic conditional correlation, GJR-GARCH

20.

Keep the Faith in Banking: New Evidence for the Effects of Negative Interest Rates Based on the Case of Finnish Cooperative Banks

Number of pages: 56 Posted: 27 Jan 2020
Juha-Pekka Junttila, Juhani Raatikainen and Jukka Perttunen
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF), affiliation not provided to SSRN and University of Oulu - Department of Accounting & Finance
Downloads 49 (528,532)

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Banks, profitability, negative interest rates, dynamic conditional correlations

21.

Commercial Paper Market as a Forward-Looking Component for EURIBOR Interest Rates During the COVID-19 Pandemic

Number of pages: 53 Posted: 08 Dec 2021
Juha-Matti Tauriainen and Juha-Pekka Junttila
University of Jyväskylä - University of Jyväskylä School of Business and Economics and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 47 (537,564)

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EURIBOR, Financial commercial paper, Hybrid methodology, Term structure of interest rates, COVID-19, Quantitative easing

22.

Long-Run Determinants and Short-Run Dynamics of the Trade Balance in the EU-15 Countries

Number of pages: 44 Posted: 14 Sep 2016
Mika Nieminen and Juha-Pekka Junttila
University of Jyväskylä - School of Business and Economics and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 44 (551,920)

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Trade balance, Competitiveness, European monetary union

23.

Pricing of Electricity Futures Based on Locational Price Differences: The Case of Finland

Number of pages: 44 Posted: 26 Aug 2017
Juha-Pekka Junttila, Valtteri Myllymäki and Juhani Raatikainen
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF), Fortum Oyj and University of Jyväskylä - School of Business and Economics
Downloads 43 (556,855)

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Risk Premium, Electricity Futures, EPAD, Nordic Electricity Market, Arbitrage

24.

The Euro's Effect on Trade Balance Dynamics

Number of pages: 30 Posted: 09 May 2015 Last Revised: 28 Sep 2015
Mika Nieminen and Juha-Pekka Junttila
University of Jyväskylä - School of Business and Economics and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 42 (561,889)

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external adjustment, J-curve, competitiveness, European monetary union

25.

The Collapse of Soviet Trade and Finland's Great Depression of the 1990's: A Re-Examination

Number of pages: 64 Posted: 05 Feb 2015 Last Revised: 18 Feb 2016
Pekka Ahtiala and Juha-Pekka Junttila
Tampere University - Department of Economics and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 38 (582,490)

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Depression, Finland, Russian trade collapse

26.

Impacts of Sovereign Risk Premium on Bank Profitability: Evidence from Euro Area

Number of pages: 65 Posted: 13 Aug 2021
Juha-Pekka Junttila and Sang Nguyen
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and University of Jyväskylä - University of Jyväskylä School of Business and Economics
Downloads 30 (629,235)

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Bank profitability, sovereign risk premium, negative interest rates, unconventional monetary policy

27.

Discounting the Deficit into Debt: The 3D Dilemma for the OECD Countries

Number of pages: 79 Posted: 23 Aug 2017
Juha-Pekka Junttila
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 25 (663,216)

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sovereign debt, public deficit, discounting, growth, sustainability

28.

Balance Sheet Positions in OECD and Post-Soviet Countries Since the 1990s

Number of pages: 97 Posted: 26 May 2016
Kari Heimonen, Juha-Pekka Junttila and Risto Rönkkö
University of Jyväskylä - School of Business and Economics, University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF) and Tampere University - School of Business Administration
Downloads 18 (717,228)

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sovereign debt, national wealth, aggregate private wealth

29.

Assessing the Commodity Market Price and Terms of Trade Exposures of Macroeconomy in Emerging and Developing Countries

Number of pages: 41 Posted: 12 Feb 2021 Last Revised: 21 Jan 2022
Ernest Owusu Boakye, Kari Heimonen and Juha-Pekka Junttila
Jyväskylä University School of Business and Economics, University of Jyväskylä and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 15 (742,629)

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commodity prices, terms of trade, structural vector autoregression, emerging and developing countries

30.

Short‐Run Dynamics of the Trade Balance in the EMU‐12 Countries

The Manchester School, Vol. 84, Issue S1, pp. 56-83, 2016
Number of pages: 28 Posted: 05 Aug 2016
Mika Nieminen and Juha-Pekka Junttila
University of Jyväskylä - School of Business and Economics and University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)
Downloads 1 (889,430)

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31.

Testing an Augmented Fisher Hypothesis for a Small Open Economy: The Case of Finland

Posted: 01 Jul 2001
Juha-Pekka Junttila
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)

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32.

Detecting Speculative Bubbles in an It-Intensive Stock Market

Posted: 21 May 2001
Juha-Pekka Junttila
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)

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Bubbles, stock market, macroeconomy, unit roots, causality

33.

Information Content in the Term Structure of Money Market Interest Rates on Future Inflation: The Case of Finland

Posted: 17 Sep 1998
Juha-Pekka Junttila
University of Jyväskylä - Jyväskylä International Macro & Finance Research Group (JyIMaF)

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