Niku Ilmari Määttänen

Niku Ilmari Määttänen


  • PL 17 (Arkadiankatu 7)




Research activity per year

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Personal profile

Curriculum vitae


Country of citizenship Finland

Date of birth 2.4.1972

Contact Information

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.

Research interests

Quantitative macroeconomics, Housing markets, Fiscal policy

Professional experience

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

Academic positions

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,, 19 December 2012.

A retrospective evauation of the EU VAT system, several authors, Report commissioned by the European Commission, 2011.


Education/Academic qualification

Economics, PhD

Fields of Science

  • 511 Economics
  • Macroeconomics
  • public finance
  • Housing economics

International and National Collaboration

Publications and projects within past five years.