Carl Andreas Claussen

Carl Andreas Claussen

Senior rådgivare

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

Telefon + 46 8 787 04 51

Collective economic decisions, social choice theory, house prices, MPCs

Short Bio

Experienced central banker with focus on macroeconomics, monetary policy, payments and CBDC. More than 20 years of experience from the Riksbank, Central bank of Norway and the Central Bank of Albania. Consultancy and technical assistance experience from central banks all over the world. Publications in academic journals, central bank outlets and blogs. Phd in political economy from the University of Oslo, Norway.


Download the CV of Carl Andreas Claussen


  • Ph.D., University of Oslo, Norway, March, 2003.
  • Diploma, Advanced Studies Program in International Economic Policy Research, Kiel Institute of World Economics, Germany, June 1996.
  • Cand.Oecon (Higher degree in economics), University of Oslo, Norway, January 1993.

Publications in refereed journals

“Withering Cash: Is Sweden ahead of the curve or just special?”
(with Hanna Armelius and André Reslow), International Journal of Central banking, vol. 18(4), 2022, pages 91-123.

"Monetary Policy Committees - Comparing Theory and "Inside" Information from MPC Members" (with Mikael Apel, Petra Lennartsdotter and Øistein Røisland), International Journal of Central Banking, vol. 11(4), 2015, pages 47-89.

"Explaining interest rate decisions when the MPC members believe in different stories" (with Øistein Røisland), International Journal of Central Banking, vol.11(2), 2015, pages 41-64.

"The Discursive Dilemma in Monetary Policy" (with Øistein Røisland), Scandinavian Journal of Economics, vol 116(3), 2014 pages 702 – 733.

"Are Swedish Houses Overpriced"?, International Journal of Housing Markets and Analysis, vol 6(2), 2013, pages 180 - 196.

"Overconfidence, Monetary Policy Committees and Chairman Dominance" (with Egil Matsen, Øistein Røisland & Ragnar Torvik), Journal of Economic Behavior and Organization, vol 81(2), 2012, pages 699 - 711.

"A Quantitative Discursive Dilemma" (with Øistein Røisland), Social Choice and Welfare, vol. 35(1), 2010, pages 49-64.

"Majority Voting Leads to Unanimity" (with Geir Asheim & Tore Nilssen), International Journal of Game Theory, vol. 35(1), 2006, pages 91-110.

"On the Dynamic Consistency of Reform and Compensation Schemes", Journal of Policy Reform, vol. 5(3), 2002, pages 133-144.

Other publications

"Is cash losing its role as store of value?" SUERF Policy Brief, No 715

"Withering cash: Sweden seems special rather than ahead of the curve", VoxEU Column 12 September 2020.

“Money and monetary policy in times of crisis” (With Hanna Armelius and David Vestin), Economic Commentaries, No 4. 2020. Sveriges Riksbank.

"Cross-border payments in the spotlight" (with Anders Mølgaard Pedersen) Sveriges Riksbank Economic Review 3: 2018

"The e-krona and the macroeconomy," (with Hanna Armelius, Paola Boel and Marianne Nessén) Sveriges Riksbank Economic Review 3: 2018

"The level of the inflation target – a review of the issues," (with Mikael Apel and Hanna Armelius) Sveriges Riksbank Economic Review 2: 2017

"Inflation targets and intervals – an overview of the issues," (with Mikael Apel), Sveriges Riksbank Economic Review 1:2017

"Alternatives to Inflation Targeting,"  (with Björn Andersson), Sveriges Riksbank Economic Review 1:2017

"What monetary policy committees should vote on", VoxEU Column 14 May 2015.

"Monetary policy, interest rates and risk-taking" (with Mikael Apel), Sveriges Riksbank Economic Review 2012:2, pages 68-83.

"A Macroeconomic Analysis of House Prices in Sweden" (with Magnus Jonsson and Björn Lagerwall ), The Riksbank's Commission of Inquiry Into Risks on the Swedish Housing Market, Chapter II.1, 2011, pages 67-96.

"Tools and Institutions for Influencing House Prices and Household Debt" (with Tom Andersson, Björn Lagerwall and Pär Torstensson), The Riksbank's Commission of Inquiry Into Risks on the Swedish Housing Market, Chapter III.3, 2011, pages 297-352.

"The Executive Board of the Riksbank and its Work on Monetary Policy – Experiences From the First Ten Years" (with Mikael Apel and Petra Lennartsdotter), Sveriges Riksbank Economic Review 2010:1, pages 84-111.

"Comparing monetary policy transparency. The Eijffinger and Geraats index - a comment", Norges Bank Staff Paper No. 10 2008.

"Monetary Policy Frameworks – Norges Bank in the Light of the Literature and International Practice" (with Morten Jonassen and Nina Langbraaten), Norges Bank Economic Bulletin vol. 78(4), 2007, pages 154-163.

"Comment on Assessing public Liabilities", in Public Debt, proceedings from Banca D'Italia workshop, April 2004.

"Hva sier økonomisk teori om sammensetningen av pengepolitiske komiteer?" (with Øistein Røisland, and Sigrid Hynne ), Økonomisk Forum, no. 2/2004.

"Deflasjon?", Penger og Kreditt, 2/03, Norges Bank 2003.

"Det amerikanske miraklet - heldige omstendigheter eller «ny økonomi»?", Penger og Kreditt, 99/4, Norges Bank 1999.

Unpublished working papers

Cash for Transactions or Store-of-Value? A comparative study on Sweden and peer countries.” (with Björn Segendorf and Franz Seitz), Sveriges Riksbank working paper series no. 427, 2023

On the possibility of a cash-like CBDC” (With Hanna Armelius and Isaiah Hull), Sveriges Riksbank Staff Memo, February 2020.

Is Central Bank Currency Fundamental to the Monetary System?” (With Hanna Armelius and Scott Hendry), Bank of Canada Staff Discussion Papers no. 2020 -2.

"Picking the Brains of MPC Members" (with Mikael Apel & Petra Lennartsdotter), Sveriges Riksbank Working Paper Series no. 237, 2010.

"Collective Economic Decisions and the Discursive Dilemma" (with Øistein Røisland), Norges Bank Working paper no. 3/2005.

"Four Essays on the Political Economy of Economic Reform", Doctoral Dissertations in Economics, Norges Bank, 2003.

"Persistent Inefficient Redistribution", Norges Bank Working paper no. 11/2002.

"Explaining the Low US Inflation - Coincidence or 'New Economy'? Evidence Based on a Wage-Price Spiral" (with Karsten Stæhr), Norges Bank Working paper no. 02/2001.

"Banking Efficiency in the Nordic Countries: A Multi-Output Analysis" (with Sigbjørn Atle Berg and Finn R. Førsund, Norges Bank Working paper no. 3/1993.


Evaluation Commissioned by the Central Bank of Chile 2017:Central Bank of Chile’s Monetary policy decision-making process, communication and transparency Review and recommendations.


Scandinavian Journal of Economics, Journal of Financial Stability, International Journal of Central Banking, Oxford Economic Papers