Homepage of David Vestin


Current employment and contact info

Current position: Senior advisor, Research Divison, Monetary Policy Department
Sveriges riksbank

Recent presentations

June 30, 2017 Monetary policy when market street begs to differ, presentation at CEF, 2017
Nov 28, 2016 Lecture notes, Financial imbalances in the monteray policy decision, Handelshögskolan
Nov 19, 2015 Slides: Meeting with journalists on how the Riksbank controls interest rates (In Swedish)
Nov 7, 2015
Financial imbalances in the monetary policy decision

Presentation at the Trinity-workshop, Princeton University.
May 6, 2015 Penningpolitik i lågräntemiljö
Presentation på Handelsbankens "Flowseminarium" (ppt in Swedish)

Articles in journals

Hördahl, P., Tristani, O., & Vestin, D. (2008). The yield curve and macroeconomic dynamics. The Economic Journal, 118(533), 1937-1970.
Lombardo, G., & Vestin, D. (2008). Welfare implications of Calvo vs. Rotemberg-pricing assumptions. Economics Letters, 100(2), 275-279.
Vestin, D. (2006). Price-level versus inflation targeting. Journal of Monetary Economics, 53(7), 1361-1376.
Hördahl, P., Tristani, O., & Vestin, D. (2006). A joint econometric model of macroeconomic and term-structure dynamics. Journal of Econometrics, 131(1), 405-444.
Gaspar, V., Smets, F., & Vestin, D. (2006). Adaptive learning, persistence, and optimal monetary policy. Journal of the European Economic Association, 4(2‐3), 376-385.
Gaspar, V., Smets, F., & Vestin, D. (2006). Monetary policy over time. Macroeconomic Dynamics, 10(02), 207-229.
Nessén, M., & Vestin, D. (2005). Average inflation targeting. Journal of Money, Credit and Banking, 837-863.
Hördahl, P., & Vestin, D. (2005). Interpreting implied risk-neutral densities: the role of risk premia.Review of Finance, 9(1), 97-137.

Books and chapters

Gaspar, V., Smets, F. & Vestin, D. Inflation persistence, adaptive learning and optimal monetary policy, in Friedman, B. M., & Woodford, M. (Eds.). (2010). Handbook of monetary economics (Vol. 3). Elsevier.
Gaspar, V., Smets, F., & Vestin, D. (2007, May). Is Time Ripe for Price (Level) Stability?,'. In Frontiers of Central Banking', conference Magyar Nemzeti Bank, May.
Gaspar, V., Issing, O., Tristani, O., & Vestin, D. (2006). Imperfect knowledge and monetary policy. Cambridge University Press.

Works in swedish

Söderström, U., & D. Vestin (2015). Svensk penningpolitik, i Marknad och Politik, Hultkrantz, L. & H. Tson Söderström (ed). Studentlitteratur.

Education and previous employment

2015-present Senior advisor, Research Division, Monetary Policy Department
2011-2015 Deputy Head, Monetary Policy Department, Sveriges riksbank
2009-2011 Head of Modelling Divison, Monetary Policy Department, Sveriges riksbank
2008 Senior Economist, Bank for International Settlements
2001-2008 Senior Economist, DG-Research, European Central Bank
1998-2001 Ph.D. program, IIES, Stockholm University. Graduated May 2001.
Thesis title "Essays on Monetary Policy", advisor: Prof. Lars E.O. Svensson.
1995-1998 Ph.D. program, Uppsala University
1991-1994 Bachelor, Economics, Uppsala University.