Econometrics

How to estimate the effects of a tax increase on economic activity? What is the relationship between Euro-area inflation and unemployment? How are the effects of financial shocks transmitted globally? What type of a path do returns on a stock-market index follow? How to efficiently utilize limited data to estimate economic models to provide predictions and answers to causal questions? How to deal with massive amounts of data to that end?

Econometrics Research Group

Econometrics is the branch of economics developing tools that economists use to answer the type of questions outlined above. The roots of conventional econometric methods are in statistics, but with increasing availability of very large data sets, these tools currently include also machine learning methods, originating from computer science.

While econometrics is primarily theoretical, concentrating on the mathematical and stochastic properties of methods, it also comprises empirical analysis of economic data, mostly with emphasis on gaining practical experience on the properties of alternative methods and comparing their performance. Methods deemed reasonable can subsequently be employed in empirical research in various fields of economics.

Further examples of empirical research questions can be found e.g. in the homepages of the Helsinki GSE research groups on Macroeconomics, Labor and Public economics, and Industrial Organization.

Members
ML
Markku Lanne

Chair of the group, Professor

BF
Bernd Funovits

Member, Post-doc

Juho Koistinen

Member, PhD student

JL
Jani Luoto

Member, Professor

AM
Alfan Mansur

Member, PhD student

SM
Simone Maxand

Member, Post-doc

MM
Mika Meitz

Member, Professor

PS
Pentti Saikkonen

Member, Professor emeritus

SV
Savi Virolainen

Member, PhD student

Helsinki GSE