Paola Boel

Paola Boel

Senior ekonom

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

Telefon + 46 8 787 04 90

Monetary economics and payment systems

Short bio

Paola Boel obtained her PhD from Purdue University in 2006. Prior to joining the Research Divisionof Sveriges Riksbank in 2013, she was an Assistant Professor at Bowdoin College (2006-2013), and a visiting faculty at the University of Pennsylvania (2008-2009).

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Ph.D., Economics, Purdue University, 2006
M.S., Economics, Purdue University, 2004
B.A., Economics, Università L. Bocconi, 1999

Work in progress and working papers

On the Essentiality of Credit and Banking at the Friedman Rule, with Christopher Waller

Money, Credit and Redistribution, with Julián P. Díaz and Daria Finocchiaro

Publications in refereed journals

Monetary Equilibrium and the Cost of Banking Activity, with Gabriele Camera, Journal of Money, Credit and Banking, forthcoming

Stabilization Policy at the Zero Lower Bound, with Christopher J. Waller, International Economic Review

The Redistributive Effects of Inflation and the Shape of Money Demand, Journal of Economic Dynamics and Control, 90 (2018), pp. 208-219.

Financial Sophistication and the Distribution of the Welfare Cost of Inflation, with G. Camera, Journal of Monetary Economics, 56 (2009), pp. 968-978

The Welfare Cost of Inflation in OECD Countries, with G. Camera, Macroeconomic Dynamics, 15 (2011), pp. 217-251

Efficient Monetary Allocations and the Illiquidity of Bonds, with G. Camera, Journal of Monetary Economics, 53 (2006), pp. 1693-1715

Other publications

Payment Systems: History and Challenges, Sveriges Riksbank Economic Review, 1 (2019), 51-66.

The E-Krona and the Macroeconomy, with H. Armelius, C.A. Claussen and M. Nessen, Sveriges Riksbank Economic Review, 3 (2018), 43-65.

Thinking about the Future of Money and Potential Implications for Central Banks, Sveriges Riksbank Economic Review, 1 (2016), 147-158


Journal of Economic Theory, Journal of Monetary Economics, Review of Economic Dynamics, Journal of Money, Credit and Banking, Macroeconomic Dynamics, Applied Economics, Economic Theory, Economic Letters, Journal of Southern Economics, Economic Inquiry, Social Sciences and Humanities Research Council of Canada, European Economic Review, B.E. Journal of Macroeconomics, Journal of International Central Banking


Monetary Economics, Intermediate Macroeconomics, Money and Banking, Economics of the European Monetary Union, Principles of Macroeconomics (undergraduate level)