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Juha Kilponen

Personal Details

First Name:Juha
Middle Name:
Last Name:Kilponen
RePEc Short-ID:pki45
+358 50 387 57 56


Suomen Pankki

Helsinki, Finland


P.O. Box 160,, FIN-00101, Helsinki
RePEc:edi:bofgvfi (more details at EDIRC)

Research output

Jump to: Working papers Articles Chapters Books

Working papers

  1. Paloviita, Maritta & Haavio, Markus & Jalasjoki, Pirkka & Kilponen, Juha, 2017. "What does “below, but close to, two percent” mean? Assessing the ECB’s reaction function with real time data," Research Discussion Papers 29/2017, Bank of Finland.
  2. Juha Kilponen & Fabio Verona, 2017. "Testing the Q theory of investment in the frequency domain," CEF.UP Working Papers 1701, Universidade do Porto, Faculdade de Economia do Porto.
  3. Kilponen, Juha & Orjasniemi, Seppo & Ripatti, Antti & Verona, Fabio, 2016. "The Aino 2.0 model," Research Discussion Papers 16/2016, Bank of Finland.
  4. Dieppe, Alistair & Mourinho Félix, Ricardo & Marchiori, Luca & Grech, Owen & Albani, Maria & Other contributors & Kulikov, Dmitry & Papadopoulou, Niki & Sideris, Dimitris & Irac, Delphine & Gordo Mora, 2015. "Public debt, population ageing and medium-term growth," Occasional Paper Series 165, European Central Bank.
  5. Fabio Verona & Juha Kilponen & Seppo Orjasniemi & Antti Ripatti, 2015. "Business Cycle Dynamics and Macroprudential Policy Through the Lens of the Aino Model - A Micro-Founded Small Open Economy DSGE Mo," EcoMod2015 8441, EcoMod.
  6. Juha Kilponen, Massimiliano Pisani, Sebastian Schmidt, Vesna Corbo, Tibor Hledik, Josef Hollmayr, Samuel Hurtado, Paulo Júlio, Dmitry Kulikov, Matthieu Lemoine, Matija Lozej, Henrik Lundvall, José R. , 2015. "Comparing fiscal multipliers across models and countries in Europe," Working Paper Research 278, National Bank of Belgium.
  7. Gulan, Adam & Haavio, Markus & Kilponen, Juha, 2014. "Kiss me deadly: From Finnish great depression to great recession," Research Discussion Papers 24/2014, Bank of Finland.
  8. Kilponen, Juha & Vilmunen, Jouko & Vähämaa, Oskari, 2013. "Estimating intertemporal elasticity of substitution in a sticky price model," Research Discussion Papers 9/2013, Bank of Finland.
  9. Christoffel, Kai & Jaccard, Ivan & Kilponen, Juha, 2013. "Welfare and bond pricing implications of fiscal stabilization policies," Research Discussion Papers 32/2013, Bank of Finland.
  10. Kilponen, Juha & Laakkonen, Helinä & Vilmunen, Jouko, 2012. "Sovereign risk, European crisis resolution policies and bond yields," Research Discussion Papers 22/2012, Bank of Finland.
  11. Christoffel, Kai & Kilponen, Juha & Jaccard, Ivan, 2011. "Government bond risk premia and the cyclicality of fiscal policy," Working Paper Series 1411, European Central Bank.
  12. Juha Kilponen & Kai Leitemo, 2011. "Transmission lags and optimal monetary policy," Post-Print hal-00781343, HAL.
  13. Kilponen, Juha & Santavirta, Torsten, 2010. "New evidence on implicit contracts from linked employer-employee data," Research Discussion Papers 12/2010, Bank of Finland.
  14. Kilponen, Juha & Vanhala, Juuso, 2009. "Productivity and job flows: heterogeneity of new hires and continuing jobs in the business cycle," Working Paper Series 1080, European Central Bank.
  15. Kilponen, Juha, 2009. "Euler consumption equation with non-separable preferences over consumption and leisure and collateral constraints," Research Discussion Papers 9/2009, Bank of Finland.
  16. Kilponen, Juha & Virén, Matti, 2008. "Why do growth rates differ? : Evidence from cross-country data on private sector production," Research Discussion Papers 13/2008, Bank of Finland.
  17. Kilponen, Juha & Leitemo, Kai, 2007. "Discretion and the transmission lags of monetary policy," Research Discussion Papers 8/2007, Bank of Finland.
  18. Jokivuolle, Esa & Kilponen, Juha & Kuusi, Tero, 2007. "GDP at risk in a DSGE model : an application to banking sector stress testing," Research Discussion Papers 26/2007, Bank of Finland.
  19. J. Kilponen & Sénégas Marc-Alexandre & J. Vilmunen, 2007. "Bayesian versus robust control approach towards parameter uncertainty in monetary policymaking: how close are the outcomes? Some illustrating evidence from a pre-EMU economies," Post-Print hal-00275486, HAL.
  20. Marc-Alexandre Sénégas & J. Kilponen & J. Vilmunen, 2007. "Bayesian versus robust control approach towards parameter uncertainty in monetary policymaking: how close are the outcomes? Some illustrating evidence from a pre-EMU economyc," Post-Print hal-00396423, HAL.
  21. Kilponen, Juha & Santavirta, Torsten, 2007. "When do R&D subsidies boost innovation? : revisiting the inverted U-shape," Research Discussion Papers 10/2007, Bank of Finland.
  22. Kilponen, Juha & Milne, Alistair, 2007. "The lending channel under optimal choice of monetary policy," Research Discussion Papers 33/2007, Bank of Finland.
  23. Juha Kilponen & Marc-Alexandre Sénégas & Jouko Vilmunen, 2007. "Bayesian versus robust control approach towards parameter uncertainty in monetary policymaking: how close are the outcomes? Some illustrating evidence from the EMU economies," Money Macro and Finance (MMF) Research Group Conference 2006 113, Money Macro and Finance Research Group.
  24. Juha Kilponen & Helvi Kinnunen & Antti Ripatti, 2006. "Demographic Uncertainty and Labour Market Imperfections in Small Open Economy," Computing in Economics and Finance 2006 227, Society for Computational Economics.
  25. Kilponen, Juha & Kinnunen, Helvi & Ripatti, Antti, 2006. "Population ageing in a small open economy : some policy experiments with a tractable general equilibrium model," Research Discussion Papers 28/2006, Bank of Finland.
  26. Kilponen, Juha & Leitemo, Kai, 2006. "Robustness in monetary policymaking : a case for the Friedman rule," Research Discussion Papers 4/2006, Bank of Finland.
  27. Kilponen, Juha & Ripatti, Antti, 2006. "Labour and product market competition in a small open economy – Simulation results using a DGE model of the Finnish economy," Research Discussion Papers 5/2006, Bank of Finland.
  28. Juha Kilponen & Torsten Santavirta, 2005. "Competition and Innovation - Microeconometric Evidence Using Finnish Data," Industrial Organization 0509009, EconWPA.
  29. Juha Kilponen, 2005. "On the Efficiency of Job and Income Protection in the Dynamic Labour Markets," Labor and Demography 0509008, EconWPA.
  30. Juha Kilponen & Pekka Sinko, 2005. "Does Centralised Wage Setting Lead into Higher Taxation," Labor and Demography 0509013, EconWPA.
  31. Juha Kilponen, 2004. "A positive theory of monetary policy and robust control," Macroeconomics 0404014, EconWPA.
  32. Juha Kilponen, 2004. "Robust expectations and uncertain models – A robust control approach with application to the New Keynesian economy," GE, Growth, Math methods 0404004, EconWPA.
  33. Heikkilä, Tuomo & Kiander, Jaakko & Hjerppe, Reino & Berghäll, Elina & Kilponen, Juha & Lavrac, Vladimir & Stanovnik, Peter, 2002. "The Role of Science and Technology Policy in Small Economies," Research Reports 91, VATT Institute for Economic Research.
  34. Sinko, Pekka & Kilponen, Juha, 2001. "Labour Taxation and the Degree of Centralisation in a Trade Union Model with Endogenous Labour Supply," Discussion Papers 250, VATT Institute for Economic Research.
  35. Kiander, Jaakko & Kilponen, Juha & Vilmunen, Jouko, 2000. "Taxes, Growth and Unemployment in the OECD Countries - Does Collective Bargaininig Matter?," Discussion Papers 235, VATT Institute for Economic Research.
  36. Juha Kilponen & David Mayes & Jouko Vilmunen, 1999. "Labour Market Flexibility in Northern Europe," One Europe or Several? Working Papers 2, One-Europe Programme.
  37. Kilponen, Juha, 1999. "The inflation target and the structure of labour markets : Implications for common monetary policy," Research Discussion Papers 7/1999, Bank of Finland.
  38. Kilponen, Juha, 1999. "Central bank independence and wage bargaining structure : Empirical evidence," Research Discussion Papers 9/1999, Bank of Finland.


  1. Juha Kilponen & Helinä Laakkonen & Jouko Vilmunen, 2015. "Sovereign Risk, European Crisis-Resolution Policies, and Bond Spreads," International Journal of Central Banking, International Journal of Central Banking, vol. 11(2), pages 285-323, March.
  2. Juha Kilponen & Juuso Vanhala, 2014. "Sensitivity of Job Destruction to Vintage and Tenure Effects," Scandinavian Journal of Economics, Wiley Blackwell, vol. 116(4), pages 1068-1090, October.
  3. Kilponen Juha, 2012. "Consumption, Leisure and Borrowing Constraints," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-25, May.
  4. Kilponen, Juha & Leitemo, Kai, 2011. "Transmission lags and optimal monetary policy," Journal of Economic Dynamics and Control, Elsevier, vol. 35(4), pages 565-578, April.
  5. Juha Kilponen & Matti Viren, 2010. "Why do growth rates differ? Evidence from cross-country data on private sector production," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 37(3), pages 311-328, July.
  6. Günter Coenen & Juha Kilponen & Mathias Trabandt, 2010. "When does fiscal stimulus work?," Research Bulletin, European Central Bank, vol. 10, pages 6-10.
  7. Juha Kilponen & Torsten Santavirta, 2010. "New Evidence on Implicit Contracts from Linked Employer-Employee Data," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(4), pages 864-883, December.
  8. Juha Kilponen & Kai Leitemo, 2008. "Model Uncertainty and Delegation: A Case for Friedman's "k"-Percent Money Growth Rule?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(2-3), pages 547-556, March.
  9. Carreras, Albert & García-Iglesias, Concepción & Kilponen, Juha, 2006. "Un siglo y medio de velocidad de circulación del dinero en españa: Estimación y determinantes," Revista de Historia Económica, Cambridge University Press, vol. 24(02), pages 215-249, January.
  10. Juha Kilponen & Pekka Sinko, 2005. "Taxation And Centralised Wage Setting: The Case Of Endogenous Labour Supply," Scottish Journal of Political Economy, Scottish Economic Society, vol. 52(4), pages 587-606, September.
  11. Kiander, Jaakko & Kilponen, Juha & Vilmunen, Jouko, 2004. "Labor taxation, public finance, and wage determination: evidence from OECD countries," European Journal of Political Economy, Elsevier, vol. 20(4), pages 983-999, November.


  1. Juha Kilponen, 2013. "European Debt Crisis and Crisis Resolution Policies," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.


  1. Morten Balling & Ernest Gnan & Johannes Holler & Ulrich Bindseil & Nicolas Sauter & Hans J. Blommestein & Maria Cannata & Juha Kilponen & Alessandro Missale & Ewald Nowotny & Guido Sandleris & Mark L., 2013. "The Future of Sovereign Borrowing in Europe," SUERF Studies, SUERF - The European Money and Finance Forum, number 2013/5 edited by Morten Balling & Ernest Gnan & Johannes Holler, March.
  2. Kilponen, Juha, 2000. "The political economy of monetary policy and wage bargaining : Theory and econometric evidence," Scientific Monographs, Bank of Finland, number 19/2000, November.

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This author is among the top 5% authors according to these criteria:
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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 25 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (20) 2006-07-15 2007-01-28 2007-04-09 2007-09-09 2008-01-05 2008-02-02 2008-05-24 2009-07-11 2009-08-30 2010-05-15 2012-01-03 2013-12-29 2014-11-22 2015-04-02 2016-06-04 2016-06-18 2017-01-22 2017-03-26 2017-04-09 2017-10-08. Author is listed
  2. NEP-DGE: Dynamic General Equilibrium (9) 2006-07-15 2006-10-21 2007-01-28 2008-01-05 2009-07-11 2009-08-30 2012-01-03 2016-06-18 2017-04-09. Author is listed
  3. NEP-MON: Monetary Economics (7) 2004-04-25 2004-05-02 2006-10-21 2007-09-09 2008-02-02 2012-07-14 2017-10-08. Author is listed
  4. NEP-CBA: Central Banking (6) 2006-10-21 2007-04-09 2008-02-02 2008-05-24 2012-01-03 2017-10-08. Author is listed
  5. NEP-EEC: European Economics (4) 2001-10-16 2012-07-14 2015-06-05 2017-10-08
  6. NEP-BEC: Business Economics (3) 2005-10-08 2009-07-11 2009-08-30
  7. NEP-COM: Industrial Competition (3) 2005-09-29 2006-07-09 2007-09-16
  8. NEP-INO: Innovation (3) 2005-09-29 2006-07-09 2007-09-16
  9. NEP-LAB: Labour Economics (3) 2001-10-16 2009-07-11 2009-08-30
  10. NEP-MIC: Microeconomics (3) 2005-09-29 2006-07-09 2007-09-16
  11. NEP-PBE: Public Economics (3) 2005-10-08 2006-07-15 2007-01-28
  12. NEP-TID: Technology & Industrial Dynamics (3) 2005-09-29 2006-07-09 2007-09-16
  13. NEP-CMP: Computational Economics (2) 2008-01-05 2016-06-18
  14. NEP-CSE: Economics of Strategic Management (1) 2006-07-09
  15. NEP-EUR: Microeconomic European Issues (1) 2015-04-02
  16. NEP-FMK: Financial Markets (1) 2012-07-14
  17. NEP-IFN: International Finance (1) 2001-10-16
  18. NEP-IND: Industrial Organization (1) 2006-07-09
  19. NEP-IPR: Intellectual Property Rights (1) 2007-09-16
  20. NEP-POL: Positive Political Economics (1) 2005-10-08
  21. NEP-UPT: Utility Models & Prospect Theory (1) 2012-01-03


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