Niels Lynggård Hansen


Head of Economics and Monetary Policy
Fields of Interest: Monetary Policy, Macroeconomics, Price and Wage Behaviour, Housing
nlh@nationalbanken.dk

Professional Experience
Director, Head of Economics and Monetary Policy, Danmarks Nationalbank, 2011-
Head of Division, Domestic Economy, Danmarks Nationalbank, 2007-2011
Assistant Head of Division, Forecasting and Economic Analysis, Danmarks Nationalbank, 2002-2006
External Associate Professor, Department of Economics, University of Copenhagen, 1994-2006
Assistant Head of Division, Financial Statistics, Danmarks Nationalbank, 1999-2002
Senior Economist, Economics Department, Danmarks Nationalbank, 1997-1999
Economist, Economics Department, Danmarks Nationalbank, 1996-1997
Economist, Government Debt Management, Danmarks Nationalbank 1994-1995

Education
Ph.D. Economics, University of Aarhus, 1996
M.Sc. Economics, University of Copenhagen, 1993
DEA d'économie mathématique et économétrie, GREQE, Université d'Aix-Marseille, 1991

Current Appointments
ECB Monetary Policy Committee, member
OECD Economic Policy Committee, member

Refereed Publications
‘The incidence of nominal and real wage rigidity: An individual-based sectoral approach’ with Julian Messina, Philip de Caju, Claudia Duarte and Mario Izquierdo, Journal of the European Economic Association,vol. 8, no. 2-3, pp. 487-496 (2010)

‘The monetary-policy regime and the development in central macroeconomic variables in the OECD countries 1970-2005’ with Anders Møller Christensen, Danish Economic Journal, vol. 147, no. 2, pp. 216-249 (2009)

‘Price setting behaviour in Denmark – A study of CPI micro data 1997-2005’ with Bo W. Hansen, Danish Economic Journal, vol. 145, no. 1, pp. 29-58 (2007)

‘The Formation of inflation expectations under changing inflation regimes’ with Christian M. Dahl, Studies in Nonlinear Dynamics and Econometrics, 4(4), pp. 183-212  (2001)

‘Wage flexibility and macroeconomic stability – an analysis of long-term multipliers in Mona’, Danish Economic Journal, 2, pp. 212-223 (1998).

‘Do prices move counter-cyclically?’ with Torben M. Andersen, Applied Economics Letters, 3, pp. 379-383 (1996)

‘Price adjustment in open economies’, with Torben M. Andersen, Open Economies Review, 6, pp. 303-321 (1995)

Working Papers
‘Over optimism and house price bubbles’ with Kim Abildgren and Andreas Kuchler, Danmarks Nationalbank Working Papers, No 109, (2016)

‘Excise Tax Pass-Through and Menu Costs: The Danish Evidence’ with Michael Bergman, mimeo, University of Copenhagen (2016)

‘Intranational Price Convergence and Price Stickiness: Evidence from Denmark’, with Michael Bergman and Christian Heebøll, mimeo, University of Copenhagen (2015)

’Covariation between Supply and Demand Shocks. Impulse-Response Analysis of yearly Data for Western Europe and USA, 1960-1995’, Arbejdspapir 1997:3, The Economic Council.

‘Cyclical properties of wages and prices in open economies’, with Torben M. Andersen, University of Aarhus Memo 1992-10

Selected Danmarks Nationalbank Publications
‘Volatility in Inflation and Economic Activity in the Nordic Countries’ with Anders Møller Christensen, Danmarks Nationalbank Monetary Review – 4th Quarter 2003

‘Reasons for the Upswing in 1993-94: How Significant Was Fiscal Policy?’ with Erik Haller Pedersen , Danmarks Nationalbank Monetary Review – 3rd Quarter 2003

‘Measurement of Fiscal Policy’ with Dan Knudsen, Danmarks Nationalbank Monetary Review – 4th Quarter 1999

‘Wage Development in Denmark’, Danmarks Nationalbank Monetary Review – 2nd Quarter 1998

‘Monetary Conditions Indices’, Danmarks Nationalbank Monetary Review – 2nd Quarter 1997

‘Money Demand in Denmark’ Danmarks Nationalbank Monetary Review – 3rd Quarter 1996

‘National and International Elements of the Development in Interest Rates in 1993-95’, Danmarks Nationalbank Monetary Review – 4th Quarter 1995

Other works
‘What scope for monetary policy? Experiences from the Nordic countries after the financial crisis’, with Anders Møller Christensen,  in Reform Capacity and Macroeconomic Performance in the Nordic Countries, edited by Torben M. Andersen, Michael Bergman and Svend E. Hougaard Jensen, Oxford University Press (2015)

’Wages, Prices, and Incomes’ with Peter E. Storgaard, in 'Erhverv og Samfund’, Handelshøjskolens Forlag (2011)

‘Cyclicality of the Danish government budget’, in Indicators of Structural Budget Balances, Banca d’Italia, pp. 159-182 (1999)