I currently work as a post-doc researcher within the Discipline of Economics of the Faculty of Social Sciences of the University of Helsinki. In my dissertation "Essays on the Economics of Intellectual Property Rights" I discussed intellectual property rights from two perspectives. In it I generalized a "pool of knowledge" endogenous growth model to a situation in which intellectual property rights are imperfect, and I also put forward a microeconomic model of commercial piracy of information goods. In my post-doctoral research I have continued my work on both the microeconomic and macroeconomic aspects of my dissertation. Currently my work is financed by a research grant from the Finnish Cultural Foundation . I am cooperating with the Research Unit of the Bank of Finland in research on banking regulation and, more specifically, on the capital requirements of the Basel II and Basel III regulatory frameworks.

Up to now, this research has mostly been concerned with the allocative and procyclical effects of capital requirements. I have participated in developing a model for such effects in an economy in which the allocation of credit is distorted by an asymmetry of information, as the banks are not in the position to evaluate the competence of the entrepreneurs. I have investigated the effects of various capital requirement regimes on such allocative distortions by simulating the model with realistically calibrated parameter values.

One of the elements of the new Basel III framework is a leverage ratio requirement , which is supposed to serve as a backstop to the risk-based regulatory measures, but which has sometimes been criticized for reducing the attractivity of financing low-risk investments. Currently I am working on a model which weights such negative effects of a leverage ratio requirement against its positive function of serving as a backstop and of, e.g., reducing the attractivity of giving excessively low risk ratings to loans. I have recently presented the first results of these investigations in the form of a discussion paper.

I have earlier worked as a researcher in another field, the philosophy of science, with which also most of the publications in my CV are concerned.