Niklas Amberg

Niklas Amberg

Senior Ekonom

Avdelningen för penningpolitik
Sveriges Riksbank
SE-103 37 Stockholm, Sweden

Telefon +46 8 787 04 19

Applied microeconomics, financial economics

Short bio

Niklas joined the research division in January 2020. Prior to joining the Riksbank, he spent three years as a post-doctoral researcher at the Department of Finance/Swedish House of Finance at the Stockholm School of Economics. He holds a B.Sc. and a Ph.D. in economics from the Stockholm School of Economics.

Niklas' research deals with topics in applied microeconomics and financial economics and is usually based on large-scale registry data on individuals, firms, and banks. Recent projects deal with topics such as the distributional income effects of monetary policy, the effect of the COVID-19 pandemic on corporate credit markets, inter-firm liquidity risk sharing using trade credit, and the effects of financial constraints on firms' price-setting behavior.

Niklas' research has been published in several of the world's leading economics journals, including the Journal of Political Economy, the American Economic Review: Insights, and the Journal of the European Economic Association.

Please see Niklas' personal webpage for a complete listing of his current working papers:


Ph.D. in Economics, Stockholm School of Economics, 2016

B.Sc. in Economics and Finance, Stockholm School of Economics, 2010


Published and forthcoming papers

“Five Facts about the Distributional Income Effects of Monetary Policy Shocks” (with Thomas Jansson, Mathias Klein, and Anna Rogantini Picco). 2022. American Economic Review: Insights, 4(3): 289-304.

”Curbing Shocks to Corporate Liquidity: The Role of Trade Credit” (with Tor Jacobson, Erik von Schedvin, and Robert Townsend). 2021. ​Journal of Political Economy, vol. 129, pp. 182-242.

“Trade Credit and Product Pricing: The Role of Implicit Interest Rates” (with Tor Jacobson and Erik von Schedvin). 2021. ​Journal of the European Economic Association, 19(2): 709-740.

“Three Approaches to Risk Management—and How and Why Swedish Companies Use Them” (with Richard Friberg). 2016. Journal of Applied Corporate Finance​, 28(1): 86-94​.

Working papers and work in progress

“The Role of Firm Entry and Exit in the Employment Response to Monetary Policy” (with Mathias Klein, Anna Rogantini Picco, and Paolo Surico).

“Credit Lines as Liquidity Insurance: Evidence from Commercial-Paper Backup Lines in the COVID-19 Pandemic.”

“Dynamic Financial Constraints in the Presence of Uncertainty: Theory and Evidence from Credit Lines” (with Tor Jacobson, Vincenzo Quadrini, and Anna Rogantini Picco).

“Credit Demand and Financial Constraints in Non-Financial Recessions: Evidence from the COVID-19 Pandemic” (with Tor Jacobson).

“Supply-Chain Financing” (with Tor Jacobson and Yingjie Qi).

“Why Trade Credit?” (with Tore Ellingsen, Tor Jacobson, and Erik von Schedvin).