description Lars Svensson Overview
Lars E. O. Svensson is a Swedish economist born in 1947, recognized for his foundational research on monetary policy frameworks. He developed influential academic models for inflation targeting and the optimal management of flexible exchange rates.
From 2007 to 2013, Svensson served as a deputy governor of Sweden's central bank, the Riksbank, where he frequently advocated for more expansionary monetary policy. He has held academic positions at institutions including Stockholm University and Princeton University.
help Lars Svensson FAQ
Did Lars Svensson work for a central bank?
Yes, he served as the Deputy Governor of the Swedish central bank, the Riksbank, from 2007 to 2013. During his tenure, he was deeply involved in managing Sweden's monetary policy.
What is Lars Svensson famous for in macroeconomics?
He is recognized for his foundational research on monetary policy frameworks, particularly inflation targeting. He developed influential academic models for the optimal management of flexible exchange rates.
Where did Lars Svensson conduct his foundational research?
He has held prominent academic positions at institutions including Stockholm University and Princeton University. His time in academia placed him among the world's leading monetary policy theorists.
What is Lars Svensson's approach to inflation targeting?
He developed academic models showing that flexible inflation targeting is an effective strategy for stabilizing an economy. He argues that central banks should manage inflation expectations rather than strictly adhere to rigid monetary rules.
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