Teaching

Fall 2019

“Monetary Policy, Macroprudential Policy, Household Debt, and Macroeconomic Risk,” guest lecture in Master Course EC7213, Financial Development and Crisis, Department of Economics, Stockholm University, October14, 2019. Slides pdf.

Fall 2018

“Housing Prices, Household Debt, and Macroeconomic Risk: Problems of Macroprudential Policy I,”  guest lecture in Master Course 4316, Financial Stability and Regulation, Stockholm School of Economics, November 27, 2018. Slides pdf.

Spring 2018

Guest lectures in PhD Course in Monetary Economics, Sveriges Riksbank and Stockholm University, May 21, 2018.

Lecture 1, “Monetary Policy, Financial stability, and Leaning Against the Wind.”
Lecture 2, “Monetary Policy, Macroprudential Policy, and Household Debt.”

Readings

“Some Problems with Swedish Monetary Policy and Possible Solutions,” speech in Stockholm, November 24, 2010.
“Cost-Benefit Analysis of Leaning Against the Wind,” Journal of Monetary Economics 90 (2017) 193-213.
“Monetary Policy and Macroprudential Policy: Different and separate?” revised May 2018, Canadian Journal of Economics, forthcoming.
“The Future of Monetary Policy and Macroprudential Policy,” paper prepared for the “The Future of Central Banking: An ECB Colloquium Held in Honour of Vitor Constancio,” Frankfurt, May 16-17, 2018.

Fall 2017

“Monetary policy and financial stability,” guest lecture in Master Course, Monetary Policy, Stockholm School of Economics, December 13, 2017. pdf

“The relation between monetary policy and financial-stability policy, and ‘leaning against the wind’,” guest lecture in Master Course 4316, Financial Stability and Regulation, Stockholm School of Economics, November 27, 2017. pdf pptx

“Monetary policy and financial stability: Cost-benefit analysis of leaning against the wind,” guest lecture in Master Course EC7213, Financial Development and Crises, Stockholm University, September 22, 2017.

Fall 2014

“Monetary policy in the last few years and household debt,” slides for guest lecture at Stockholm University, December 9, 2014.

A series of lectures in Tirana, Albania, October 20-22:

“Inflation targeting,” Bank of Albania, October 20. Background paper.
“Some lessons from six years of practical inflation targeting,” Bank of Albania, October 21. Background paper.
“Monetary policy and financial stability,” Bank of Albania, October 21. Background speech and paper.
“Modern monetary policy,” public lecture, October 21.
“The Possible Unemployment Cost of Average Inflation Below a Credible Target,” Bank of Albania, October 22. Background paper.

“Monetary policy the last few years and household debt“,  slides for lecture in the Stockholm University Economics Master Program, October 10, 2014.

Spring 2014

“Monetary policy, financial stability, and ‘leaning against the wind’,” slides from lecture at University of Tokyo, June 19, 2014.

“Monetary policy the last few years and household debt,” slides for lecture in the Stockholm School of Economics Master’s Program, May 22.

Two lectures on Practical Monetary Policy in the 2nd year Ph.D. course Monetary Economics, Spring 2014, Friday, May 16, and Wednesday, May 21.

“The Role of the Riksbank in the Swedish Economy” (“Riksbankens roll i svensk ekonomi”, in Swedish), lecture at Stockholm School of Economics, February 21, 2014. Slides.

Fall 2013

“The Riksbank’s Role in the Swedish Economy” (in Swedish), Guest lecture, 1st semester undergraduate macro, Stockholm University, December 6, 2013. Slides.

“Some Lessons from Six Years of Practical Inflation Targeting,” Guest lecture in Masters Program, Stockholm University, EC7213 Financial Development and Crises, October 11, 2013. Slides.

Spring 2013

“Monetary Policy, Inflation, Unemployment and Household Debt,” lecture in the Stockholm School of Economics Master’s Program, May 23, 2013. Slides.

Two lectures on Practical Monetary Policy in the 2nd year Ph.D. course Monetary Economics 2013, Friday, May 17, and Wednesday, May 22.

“The Role of the Riksbank in the Swedish Economy” (“Riksbankens roll i svensk ekonomi”, in Swedish), lecture at Stockholm School of Economics, February 21, 2013. Slides.

Fall 2012

“The Role of the Riksbank in the Swedish Economy” (“Riksbankens roll i svensk ekonomi”, in Swedish), lecture at Stockholm University, 1st-semester undergraduate macro, December 17, 2012. Slides.

“Monetary Policy and Financial Stability”, lecture at the Stockholm School of Economics, Masters Course 4316 Financial Crises and Regulation, October 30, 2012. Slides.

Spring 2012

Two lectures on Practical Monetary Policy in the 2nd year Ph.D. course Monetary Economics, Wednesday, May 15, and Monday, May 21.

“The Role of the Riksbank in the Swedish Economy,” lecture at Stockholm School of Economics, 3rd year macro, May 9, 2012. Slides.

“The Role of the Riksbank in the Swedish Economy” (“Riksbankens roll i svensk ekonomi”, in Swedish), lecture at Stockholm University, 1st-semester undergraduate macro, May 2, 2012. Slides.

“The Role of the Riksbank in the Swedish Economy” (“Riksbankens roll i svensk ekonomi”, in Swedish), lecture at Stockholm School of Economics, 1st-year undergraduate macro, February 24, 2012. Slides.

Fall 2011

“The Role of the Riksbank in the Swedish Economy” (“Riksbankens roll i svensk ekonomi”, in Swedish), lecture at Stockholm University, 1st-semester undergraduate macro, December 2, 2011. Slides. Repo-rate paths and forward rates 2007-2011.

Spring 2011

Monetary Economics (2nd year Ph.D. course, Uppsala University and the Riksbank) (joint with Nils Gottfries and Johan Söderberg at Uppsala University, and Ulf Söderström and Andreas Westermark at the Riksbank)

Lecture on Practical Monetary Policy by Lars Svensson on Wednesday, May 18, 14:15-17, Room 10:027

Fall 2009

“Monetary Policy,” lecture at Stockholm School of Economics, November 9, 2009. A lecture on modern monetary policy regimes, on the credibility of the repo-rate path, and on real-time evaluation of monetary policy with the help of mean squared gaps.

Fall 2008

“Optimal Monetary Policy,” keynote lecture at the Workshop on Optimal Monetary Policy, Norges Bank, November 21-22, 2008. Optimal monetary policy can in theory be seen as equivalent to choosing an optimal policy function, but it can in practice better be seen as choosing an optimal projection of the instrument rate, inflation, and resource utilization in a set of feasible projections so as to minimize an intertemporal loss function corresponding to central-bank objectives.

The 2008 Lindahl Lectures: Monetary Policy in Theory and Practice, Department of Economics, Uppsala University, October 28-30, 2008. Details.

Fall 2007

“Monetary Policy,” lecture at Stockholm School of Economics, November 29, 2007. A lecture on modern monetary policy regimes: mandate, independence and accountability; monetary policy in Sweden; and flexible inflation targeting and the interest-rate path.

Spring 2007

Spring 2006

  • 504 Macroeconomic Theory II (1st year graduate) (joint with Chris Sims)
  • 522 Advanced Macroeconomic Theory (2nd year graduate) (joint with Per Krusell)
  • 554 International Monetary Theory and Policy II (2nd year graduate) (joint with Per Krusell)

Fall 2005

Spring 2005

Fall 2004

Spring 2003

  • 504 Macroeconomic Theory II (1st year graduate) (joint with Chris Sims)
  • 554 International Monetary Theory and Policy II (2nd year graduate) (joint with Paul Krugman)
  • 581f International Economics Section Seminar (joint with Gene Grossman)

Spring 2002

Spring 2001

  • Monetary Policy (2nd year graduate, Stockholm University)

Spring 2000

  • 522 Monetary Institutions and Policy: Topics in Monetary Policy (2nd year graduate, Princeton University)