Marianne Nessén

Marianne Nessén

Senior Advisor to the Executive Board

Monetary Policy Department
Sveriges Riksbank
SE-103 37 Stockholm, Sweden

Phone + 46 8 787 04 11


  • Docent (Associate Professor), Stockholm School of Economics, 2004
  • Ph.D., Economics, Stockholm School of Economics, 1994
  • M.Sc., Economics and Business Administration, Stockholm School of Economics, 1985

Publications in refereed journals

"Monetary policy in an estimated open-economy model with imperfect pass-through", International Journal of Finance and Economics, 14, 301 – 333, 2009 (with Jesper Lindé and Ulf Söderström). (Earlier version)

"Inflation, exchange rates and PPP in a multivariate panel cointegration model", Econometrics Journal, 11(1), 2008, 58-79 (with Tor Jacobson, Johan Lyhagen, Rolf Larsson). (Earlier version)

"Average Inflation Targeting", Journal of Money, Credit and Banking, 37(5), 2005, 837 - 864 (with David Vestin).

"Examining World-Wide Purchasing Power Parity", Empirical Economics, 29(3), 2004, 463-76 (with Tor Jacobson).

"Targeting inflation in the short, medium and long term", Journal of Macroeconomics 24 (3), 2002, 313-329.

"Core inflation and monetary policy", International Finance 4 (3), 2001, 401-439 (with Ulf Söderström).

"Exchange rate expectations, the forward exchange rate bias and risk premia in target zones", Open Economies Review 8 (2), 1997, 1-38.

"Common trends in prices and exchange rates. Tests of long-run purchasing power parity", Empirical Economics 21 (3), 1996, 381-400.

Other publications

“The Riksbank’s organisation and operations – a look back through history”, Sveriges Riksbank Economic Review no. 1, 2019 (with Kai Barvèll and Michael Wendschlag).

“The storm after the calm – lessons for monetary policy analysis”, Sveriges Riksbank Economic Review no. 4, 2018, (with Jesper Hansson and Anders Vredin).

“The implications of an e-krona for the Riksbank’s operational framework for implementing monetary policy”, Sveriges Riksbank Economic Review no. 3, 2018 (with Peter Sellin and Per Åsberg Sommar).

“The e-krona and the macroeconomy”, Sveriges Riksbank Economic Review no. 3, 2018 (with Hanna Armelius, Paola Boel, and Carl Andreas Claussen).

“Commentary: The Case for Unencumbering Interest Rate Policy at the Zero Bound”, discussion of paper by Marvin Goodfriend, the Federal Reserve Bank of Kansas City Economic Symposium at Jackson Hole, August 2016.

”The Riksbank’s monetary policy measures during the financial crisis – evaluation and lessons learnt”, Sveriges Riksbank Economic Review no. 3, 2012 (with Heidi Elmér, Gabriella Guibourg and David Kjellberg).

"Different ways of conducting inflation targeting - Theory and practice" (with Mikael Apel, Ulf Söderström, Anders Vredin), Sveriges Riksbank Quarterly Review 4, 1999, 13-42.

"The new Swedish ecu basket,"Skandinaviska Enskilda Banken Quarterly Review 1-2, 1992.

"Are capital flows destabilizing?" (with Viveka Hirdman, Anders Vredin), Skandinaviska Enskilda Banken Quarterly Review 4, 1986.