Welcome!

Applying the tools of economics for a better understanding of the Russian economy and society.
Photo: Laura Malmivaara/Siltala



Curriculum Vitae

I pursued a teaching career at the Department of Economics of the University of Helsinki as a tenured lecturer in 1973-1990. I held a researcher's position with the Academy of Finland in 1981-1984 and 1987-1989. I was visiting researcher at the University of Birmingham (UK) in 1989 and at the Federal Institute for Russian and East European Studies in Cologne (Germany) in 1989-1990. In the middle of my central bank career, I returned to the academia as full-time professor in the economics of transition at the University of Helsinki in 1995-1997.

Since 1990, I worked in the Bank of Finland Institute for Economies in Transition (BOFIT) (previously the Unit for Eastern European Economies), initially as a senior researcher and later as an Adviser to the Board and Acting Head of Department. From 1998 to 2009 I served as Head of BOFIT, and was appointed Principal Adviser, Monetary Policy and Research as of 1 September 2009 until my retirement on 15 February 2011.

I am currently Professor of Practice at the Lappeenranta University of Technology and Docent at the Aalto University School of Business.

A specialist in Russian and Soviet economic thought, policies and developments, I have published widely in the field and am a frequent consultant and commentator. My research has focused on the economic history of Russia and the Soviet Union, the functioning of planned economies, and the process of transition from centrally controlled command economies to market economies, with special reference to Russia, the Baltic States and China. I have published several books and a considerable number of articles on these topics.