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Anders Kärnä

Anders Kärnä

Senior ekonom

Avdelningen för finansiell stabilitet
Sveriges riksbank
SE-103 37 Stockholm, Sweden

E-post Anders.Karna@riksbank.se

Financial Stability, Political Economics, Public Choice, Industrial Organization

CV

Download the CV of Anders Kärnä here

Personal webpage: https://sites.google.com/view/anderskarna/main

Education

Docent (Associate Professor), Economics, 2024, Örebro University
Ph.D., Economics, 2018, Jönköping International Business School 
M.Sc., Economics, 2011, Lund University
B.Sc., Politics and Economics, 2009, Lund University
B.A., Philosophy, 2009, University of Gothenburg & Lund University

Publications in refereed journals

  1. Karreskog Rehbinder, G.,  Kärnä, A., Meriläinen, J.,& Norell, J. (Forthcoming). Between Scylla and Charybdis: The Trade-Offs of Coalition Formation under Radical-Right Pressure. Economica
  2. Bergh, A., & Kärnä, A. (Forthcoming). A hangover like any other: the cost of ruling for populist parties. Public Choice
  3. Kärnä, A., & Myers, S. (2025). Plundered or profitably pumped-up? The effects of private equity takeover. Economics Letters, 247, 112054. 
  4. Andersson, F. W., Jordahl, H., & Kärnä, A. (2024). Ballooning bureaucracy? Stylized facts of growing administration in Swedish higher education. Constitutional Political Economy, 35(2), 303-326. 
  5. Johansson, C., Kärnä, A., & Meriläinen, J. (2023). Vox populi, vox dei? Tacit collusion in politics. Economics & Politics, 35(3), 752-772. 
  6. Kärnä, A., & Öhberg, P. (2023). Misrepresentation and migration. Kyklos, 76(4), 503-525. 
  7. Kärnä, A., Karlsson, J., Engberg, E., & Svensson, P. (2023). Political failure: A missing piece in innovation policy analysis. Economics of Innovation and New Technology, 32(7), 1037-1068. 
  8. Bergh, A., & Kärnä, A. (2022). Explaining the rise of populism in European democracies 1980–2018: The role of labor market institutions and inequality. Social Science Quarterly, 103(7), 1719-1731. 
  9. Kärnä, A., & Stephan, A. (2022). Do firms in rural regions lack access to credit? Local variation in small business loans and firm growth. Regional studies, 56(11), 1919-1933. 
  10. Henrekson, M., Kärnä, A., & Sanandaji, T. (2022). Schumpeterian entrepreneurship: Coveted by policymakers but impervious to top-down policymaking. Journal of Evolutionary Economics, 32(3), 867-890. 
  11. Kärnä, A., Manduchi, A., & Stephan, A. (2021). Distance still matters: Local bank closures and credit availability. International Review of Finance, 21(4), 1503-1510. 
  12. Bergh, A., & Kärnä, A. (2021). Globalization and populism in Europe. Public Choice, 189(1), 51-70. Errata. 
  13. Kärnä, A. (2021). Take it to the (public) bank: The efficiency of public bank loans to private firms. German Economic Review, 22(1), 27-62. 
  14. Gustafsson, A., Tingvall, P. G., & Halvarsson, D. (2020). Subsidy entrepreneurs: An inquiry into firms seeking public grants. Journal of Industry, Competition and Trade, 20(3), 439-478. 
  15. Gustafsson, A. (2019). Busy doing nothing: why politicians implement inefficient policies. Constitutional Political Economy, 30(3), 282-299. 
  16. Bergh, A., Erlingsson, G., Gustafsson, A., & Wittberg, E. (2019). Municipally owned enterprises as danger zones for corruption? How politicians having feet in two camps may undermine conditions for accountability. Public Integrity, 21(3), 320-352. 
  17. Gustafsson, A., Stephan, A., Hallman, A., & Karlsson, N. (2016). The “sugar rush” from innovation subsidies: a robust political economy perspective. Empirica, 43(4), 729-756. 

Working papers

  1. Kärnä, A., & Svensson, K. Ö. (2025). Predicting credit deterioration: Internal default models versus lending rates. Sveriges Riksbank Working Paper Series No. 458. 
  2. Gunnarsson, E., Kärnä, A., Olsson, M., & Persson, L. (2023). Family firms: In all shapes and sizes. IFN Working Paper 1461.

Monographs, book chapters, and other publications

  1. Frykström, N., Kärnä, A., Winstrand J., & Östling Svensson, K. Företagskonkurser och kreditförluster i svenska banker. Ekonomisk kommentar, 2025. 
  2. Andersson, M., Kärnä, A.,  Samantha M. Private equity in Sweden: a financial stability perspective. Sveriges Riksbank Staff Memo, 2025.
  3. Bergh, A., & Kärnä, A. Economic Freedom and Populism. In Handbook of Research on Economic Freedom, edited by Niclas Berggren, Edward Elgar Publishing, 2024. 
  4. Müller, D., Kärnä, A., Norbäck.  P-J., Olsson, M.,  & Persson, L. Familjeföretagens betydelse för motståndskraften och omställningskraften i näringslivet. Ekonomisk Debatt, 50(7): 14-26. (with)
  5. Kärnä, A. Allt fler högutbildade administratörer på universiteten – avlastning eller belastning? SNS Analys 87 , 2022
  6. Johansson, C,. Kärnä, A., & Meriläinen, J. Politiska karteller och Sverigedemokraternas framgång. In Folkviljans förverkligare, edited by Patrik Öhberg, Henrik Oscarsson & Jakob Ahlbom, Gothenburg University Press, 2022. 
  7. Backman, M. & Gustafsson, A. Statens roll i näringslivets kapitalbildning. In Entreprenörskap för en levande landsbygd, edited by Karl Wennberg, Familjen Kamprads stiftelse, 2019. 
  8. Gustafsson, A. & Stephan, A. Påverkar närvaron av bankkontor de lokala företagens kredittillgång? Tillväxtanalys PM 2019:11. 
  9. Gustafsson, A  & Tano, S. Utvärdering av RUT-avdraget – effekter på företagens tillväxt och överlevnad. Tillväxtanalys PM 2019:08.
  10. Gustafsson, A. Industrial policy: Political considerations, payoffs, and peculiar incentives. Doctoral dissertation, JIBS Dissertation Series No. 125, Jönköping International Business School, Jönköping University, 2018.