Country of citizenship Finland
Date of birth 2.4.1972
University of Helsinki and Helsinki Graduate School of Economics
Education and degrees
Ph.D., Department of Economics and Management, University of Pompeu Fabra, Barcelona, Spain, 2004. Doctoral thesis: “Housing and the macro economy”. Supervisor: Professor Michael Reiter, University of Pompeu Fabra.
Master in Economics, with Honors, Department of Economics and Management, University of Pompeu Fabra, 1999.
Master in Social Sciences, Department of Economics, University of Helsinki, 1997.
Quantitative macroeconomics, Housing markets, Fiscal policy
Research director, Research Institute of the Finnish Economy, 2015-2020
Professor (fixed-term), Helsinki School of Economics, 1/2009-12/2009
Research supervisor, Research Institute of the Finnish Economy, 2006-2014
Research economist, Research Institute of the Finnish Economy, 2003-2005
Professor of Macroeconomics, Helsinki Graduate School of Economics and Helsinki University, appointed February 2020, August 2020 -
Executive in residence, Aalto University, 2019-2020
Research fellow, Aalto University, 2018
CESifo network member 2016-
Adjunct professor (title of docent), Aalto University, 2014-
Peer-reviewed scientific articles
Borrowing constraints and housing market liquidity, with Essi Eerola, Review of Economic Dynamics, 2018, 27.
An augmented static Olley-Pakes productivity decomposition with entry and exit: measurement and interpretation, with Mika Maliranta, Economica, 2015, 82(s1).
Income distribution and housing prices: An assignment model approach, with Marko Terviö, Journal of Economic Theory, 2014, 151, p. 381-410.
Response to update mortality forecasts in life cycle saving and labor supply, with Juha Alho, International Journal of Forecasting, 2014, 30(4).
The welfare effects of the Finnish survivor’s pension scheme, Nordic Journal of Political Economy, 2014, 39, article 3.
The optimal tax treatment of housing capital in the neoclassical growth model, with Essi Eerola, Journal of Public Economic Theory, 2013, 15(6).
Borrowing constraints and house price dynamics: the case of large shocks, with Essi Eerola, Studies in Nonlinear Dynamics & Econometrics, 2012, 16(3).
Informational assumptions, aggregate mortality risk and life cycle savings, with Juha M. Alho, in Alho et al. (eds.), Uncertain Demographics and Fiscal Sustainability, Cambridge University press, 2008.
On the political economy of housing’s tax status, with Essi Eerola, The B.E. Journal of Macroeconomics 2006, 6(2) (Topics), article 7.
Citizens Should Vote on Secession, with Essi Eerola and Panu Poutvaara, Topics in Economic Analysis & Policy, 2004, 4(1), article 23.
Strategic Alliances, Joint Investments, and Market Structure, with Essi Eerola, International Journal of Industrial Organization, 2004, 22(2), 241-51.
Selected non-refereed publications in English
Cross-country spillover effects and fiscal policy coordination in EMU, with Cinzia Alcidi and Gilles Thirion, FIRSTRUN research report, 2018.
Pension Reforms: Longevity and retirement, with Torben M. Andersen and Tarmo Valkonen, in Valkonen, Tarmo and Vesa Vihriälä (eds.) The Nordic model - challenged but capable of reforms, TemaNord, 2014.
Linking retirement age to life expectancy - what happens to working lives and income distribution?, with Jukka Lassila and Tarmo Valkonen, ETLA B 260, 2013
Are the Nordic countries really less innovative than the US?, with Mika Maliranta and Vesa Vihriälä, VoxEU.org, 19 December 2012.
A retrospective evauation of the EU VAT system, several authors, Report commissioned by the European Commission, 2011.
Fields of Science
- 511 Economics
- public finance
- Housing economics