Martin Flodén

Deputy Governor, Sveriges Riksbank
Professor of Economics, Stockholm University (on leave)

Recent Activities

Speech: My thoughts on the Riksbank's asset purchases, Handelsbanken, December 14, 2022, slides

Speech: Panel on "High Inflation and Other Challenges for Monetary Policy", CEBRA Annual Conference, Barcelona, August 29, 2022, slides video

Speech: Monetary policy will bring inflation back to target, DI Risk and Return, April 6, 2022, slides

Book chapter: The role of central banks when cash is no longer king: Perspectives from Sweden, with Björn Segendorf, in D. Niepelt (ed.): Central Bank Digital Currency: Considerations, Projects, Outlook, CEPR eBook, 2021.

Paper: Household Debt and Monetary Policy: Revealing the Cash-Flow Channel, with Matilda Kilström, Josef Sigurdsson, and Roine Vestman. The Economic Journal Vol. 131, Issue 636, pp. 1742-1771, May 2021.

Speech: Event organized by SNS Finanspanel on "Riksbankens obligationsköp", March 18, 2021, slides in Swedish

Speech: Event organized by Cirio Law Firm on "Sveriges ekonomi idag och de pågående samhällstransformationerna", October 14, 2020, slides in Swedish

Speech: Monetary policy in a changing world, November 13, 2019, slides

Speech: Should the Riksbank’s payment system be open 24/365?, June 12, 2019, slides

Parliamentary hearing (Committee on Finance), November 8, 2018 (Slides translated to English) (Web-tv)

Speech: The Riksbank's balance sheet: How large should it be in the future?, Swedish House of Finance, April 13, 2018

Parliamentary hearing (Committee on Finance), September 28, 2017 (Slides translated to English) (Web-tv)

Speech: Ekonomiska läget och penningpolitiken, Business Arena, September 17, 2017 (Slides)

Lectures: Practical monetary policy, May 2017, Part I, Part II
Two lectures given on a PhD course in Monetary Economics organized by Stockholm University and the Riksbank
Reading list

Därför har vi minusränta, DI Debatt, November 23, 2016

Speech: Riksbankens obligationsköp påverkar statens finanser, Västsvenska Handelskammaren, November 9, 2016
English translation: The Riksbank's bond purchases affect government finances

Lectures: Practical monetary policy, May 19-20, 2016, Part I, Part II
Two lectures given on a PhD course in Monetary Economics organized by Stockholm University and the Riksbank
Reading list

Panel discussion: Jämviktsarbetslöshet - Vad, hur och varför?, May 17, 2016, LO (Video)

Panel discussion: Household Debt, Fores and EU Commission, March 17, 2016 (Slides) (Video) (Interview)

Panel discussion: Hur mycket kapital ska bankerna ha? (How much capital should the banks have?), SNS Finanspanel, March 9, 2016 (Summary and video)

Parliamentary hearing (Committee on Finance), February 23, 2016 (Slides) (Web-tv)

Speech: Sverige behöver sitt inflationsmål, Fores, October 13, 2015 (Slides) (Video)
English translation: Sweden needs its inflation target (Slides)

Därför är inflationsmålet två procent, Ekonomisk Debatt nr 6 2015

Speech: Monetary policy considerations in unusual times, SEB Västerås, Octover 7, 2015

Speech: Penningpolitiska överväganden i en ovanlig tid, Business Arena, September 17, 2015 (Slides)

Lägre inflationsmål ger lägre räntor, DI Debatt, September 14, 2015

Speech: To the zero bound and beyond: Swedish experiences, RBS, May 22, 2015

Lectures: Practical monetary policy, May 19-20, 2015, Part I, Part II
Two lectures given on a PhD course in Monetary Economics organized by Stockholm University and the Riksbank
Reading list

Inflationsmålet viktigt för pris- och lönebildningen, DN Debatt, February 25, 2015
Hela ekonomin gynnas av högre inflation, DN Debatt, slutreplik, March 2, 2015

Riksbanken och hushållens skuldsättning, Blog post on Ekonomistas, November 28, 2014

Speech: Åtgärder för att minska riskerna med hushållens höga och växande skulder, BNP Paribas, November 20, 2014 (Slides)
English translation: Measures to mitigate the risks from high and increasing household debt

Speech: Penningpolitiken och lönebildningen - ett ömsesidigt beroende, TCO, November 6, 2014 (Web-tv)
English translation: Monetary policy and wage formation - a mutual dependence

Parliamentary hearing (Committee on Finance), August 19, 2014 (Slides) (Web-tv)

Speech: Den låga inflationen - ska vi oroas och kan vi göra något åt den?, SACO, May 14, 2014 (Slides)
English translation: Low inflation ­- should we be worried and can we do anything about it?

Speech: Penningpolitik och makrotillsyn, LO, March 27, 2014 (Slides) (Web-tv)

Ska vi oroas av höga hushållsskulder? Blog post on Ekonomistas, February 20, 2014
English translation: Should We Be Concerned by High Household Debt?
Appendix with more data description and more analysis: Did Household Debt Matter in the Great Recession?
Zip file with data and code for replication

Minutes from parliamentary hearing (Committee on Finance), November 7, 2013 (Slides)

Speech: Min syn på penningpolitiken och hushållens skuldsättning, Swedbank, September 24, 2013
English translation: My view of monetary policy and household debt

Records of Riksbank Executive Board Meetings

The minutes give a detailed account of discussions at the monetary policy meetings. They are attributed, so it is possible to see who has put forward which arguments. The minutes are published approximately ten days after the respective meeting.

Minutes in Swedish
Minutes translated to English

Reservations and separate comments outside normal monetary-policy meetings