Essays on Central Banking with Microdata
Lectio praecursoria slides
Ville Voutilainen
10 April 2026
Views expressed are those of the presenter.
Six steps of the lecture
- Essay topics
- Microdata
- Essay I
- Essay II
- Essay III
- Conclusion
Essay I: Core Question
Did the pass-through of monetary policy change during the Negative Interest Rate Period?
Essay I: Complete pass-through
Essay I: Incomplete pass-through
Essay II: Core Question
Does being eligible as central bank collateral affect the pricing of corporate loans?
Essay II: Central Bank Collateral and Credit Claims
Essay II: Difference-in-differences
Essay III: Core Question
Who are the owners of commercial real estate and does ownership affect CRE loan pricing?
Essay III: Ownership network
Time to conclude.
Thank you for your attention!
References
- Voutilainen (2026): Essays on Central Banking with Microdata. Dissertationes Universitatis Helsingiensis 150/2026.
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- Animations made with manim.