Mika Nieminen

Mika Nieminen

Senior Lecturer
Unit
School of Business and Economics
Fields of science
511 Economics

Biography

Why does the United States run persistent trade deficits while China records large surpluses, and what does this mean for the global economy? Why do major emerging economies, such as the BRICS countries, rely so heavily on both macroprudential measures and capital controls?

As a Senior Lecturer in Economics at the Jyväskylä University School of Business and Economics (JSBE), I investigate how deep-rooted differences in economic preferences and cultural values help explain persistent international imbalances, which may have important political consequences. I also examine the potential unintended consequences of macroprudential policies, including adverse effects on economic growth and the expansion of shadow banking.

Research interests

Research Field and Areas of Expertise

Research Field: International Macroeconomics and Finance

Areas of Expertise: Financial Stability and Macroprudential Policy; International Capital Flows; Banking and Economic Competitiveness

Current Research

My current research includes three papers addressing the following questions:

  • Macroprudential policy and capital flow management: What motives and conditions drive countries to adopt macroprudential and capital flow management measures?
  • Shadow banking and financial stability: Does non-bank financial intermediation predict financial stress and systemic banking crises?
  • Macroprudential policy and corporate innovation: Does macroprudential policy encourage or constrain firms' investment in research and development (R&D) through its effects on financial stability and access to credit?

Selected Outputs and Contributions

I have published more than ten peer-reviewed journal articles, including two in the Journal of International Money and Finance (AJG 3). One of my most-cited papers is a sole-authored lead article in Economic Modelling. Beyond academic publishing, I have contributed to public debate, for example by writing an op-ed for Helsingin Sanomat, Finland’s leading newspaper.

My research on financial development and export competitiveness was supported by a €195,000 postdoctoral grant from the OP Group Research Foundation (2017–2020). I have also prepared and submitted major research grant applications, including an ERC Starting Grant proposal on the economic and political consequences of international imbalances.

In my teaching, I aim to give students practical experience of the research process, from developing hypotheses grounded in economic theory to testing them using data and econometric methods. In 2024, I received the Teacher of the Year award from the JSBE student association.

Collaboration and Contact

I have collaborated with researchers working at several central banks and the International Monetary Fund (IMF). I welcome new research collaborations, particularly those offering opportunities to work with datasets relevant to my research interests.

Please feel free to contact me by email or via LinkedIn.

Publications