Abstract icon Danmarks Nationalbank’s departments run scheduled seminar series throughout the year. Seminars are held online or at Langelinie Allé 47. Attendance is by invitation only.

For additional information or to request an invitation, please contact


13 June 2023: Tarun Ramadorai (Imperial College London): "TBA"

6 June 2023: Pablo Guerron-Quintana (Boston College): "Exchange Rate Disconnect Redux (exchange rates are not disconnected after all): Macro and Financial data through the lens of a nonlinear dynamic factor model"

30 May 2023: Paolo Sodini (Stockholm School of Economics): "TBA"

26 May 2023: John Campbell (Harvard University): "Mortgage Choice and Monetary Policy"

16 May 2023: Ambrogio Cesa-Bianchi (Bank of England): "The transmission of Keynesian supply shocks"

9 May 2023: Andrew Goodman-Bacon (Federal Reserve Bank of Minneapolis): "Difference-in-Differences with a Continuous Treatment"

2 May 2023: Karin Kinnerud (BI Norwegian Business School): "Down-payment requirements: Implications for portfolio choice and consumption"

18 April 2023: Basile Grassi (Bocconi University): "The Hitchhiker's Guide to Markup Estimation"

11 April 2023: Andreas Fagereng (BI Norwegian Business School): "Assortative Mating and Wealth Inequality"

21 March 2023: Ralph Luetticke (UCL): "Foreign Portfolios and Domestic Business Cycles with Heterogeneous Agents"

14 March 2023: Roine Vestman (Stockholm University): "The Housing Wealth Effect: Quasi-Experimental Evidence"


22 November 2022: Erik Öberg (Uppsala University): "The Unemployment-Risk Channel in Business-Cycle Fluctuations"

15 November 2022: Carlos Carrillo-Tudela (University of Essex): "Matching Through Search Channels"

8 November 2022: Nicola Limodio (Bocconi University): "The Financial Transmission of a Climatic Shock: El Nino and US Banks"

4 October 2022: Laura Pilossoph (Duke University): "Job Search, Wages, and Inflation"

22 September 2022: Sebastian Doerr (BIS): "Income Inequality and Job Creation"

13 September 2022: John Vincent Kramer (University of Copenhagen): "The Cyclicality of Earnings Growth along the Distribution - Causes and Consequences"

14 June 2022: Niklas Engbom (New York University): "Labor Market Fluidity and Human Capital Accumulation"

7 June 2022: Vasso Ioannidou (Bayes Business School, formerly Cass): "Corporate Pension Risk-Taking in a Low Interest Rate Environment"

1 June 2022: Simon Gilchrist (New York University): "The Fed takes on corporate credit risk: an analysis of the efficacy of the SMCCF"

31 May 2022: Marcin Kacperczyk (Imperial College London): "Carbon Emissions and the Bank-Lending Channel"

30 May 2022: Jeppe Druedahl (University of Copenhagen): "The Unemployment-Risk Channel in Business-Cycle Fluctuations"

18 May 2022: Martin Møller Andreasen (Aarhus University): "Financial Asset Pricing Bubbles, Sentiment Shocks and the Real Effects"

17 May 2022: Guido Ascari (De Nederlandsche Bank and University of Pavia): "The LONG Run Phillips Curve is ... a Curve"

10 May 2022: Antonella Trigari (Bocconi University): "Assessing the (De)Stabilizing Effects of Unemployment Benefit Extensions"

3 May 2022: David Seim (Stockholm University): "Mandatory Advance Notice of Layoff: Evidence and Efficiency Considerations"

25 April 2022: Alexander Raabe (European Stability Mechanism): "Non-US global banks and dollar (co-)dependence: how housing markets became internationally synchronized"

22 March 2022: Gisle Natvik (BI Norwegian Business School): "Household Responses to Export Prices - Evidence from an Oil-Exporting Country"

1 February 2022: Alejandro Van der Ghote (European Central Bank)

17 January 2022: Frederik Bjørn Christensen (Copenhagen Business School; Danmarks Nationalbank): "Inequality in Longevity and Redistribution in Public Pension Schemes: Evidence from Denmark"


25 November 2021: Stefano Pica (Boston University): "Heterogeneous Effects of Monetary Policy Across the Euro Area"

16 November 2021: Dominik Thaler (Banco de España): "Optimal monetary policy with heterogeneous firms"

9 November 2021: Diana Bomfin (Banco de Portugal): "Why so negative? The effect of monetary policy on bank credit supply across the Euro area"

2 November 2021: Vincent Sterk (University College London): "Startup Types, Structural Policy and Macroeconomic Performance in Europe"

26 October 2021: Pontus Rendahl (Copenhagen Business School): "Discrete vs. Continuous Time: Numerical Gains from Trade"

12 October 2021: Søren Hove Ravn (University of Copenhagen): "House Prices, Increasing Inflation, and the Effects of Government Spending Shocks" 

28 September 2021: Evi Pappa (Universidad Carlos III de Madrid): "What are the likely macroeconomic effects of the EU Recovery Plan?"

21 September 2021: Almut Balleer (RWTH Aachen): "Financial Constraints and Wages: Mechanisms and Macroeconomic Implications"

14 September 2021: Daniel Greenwald (MIT Sloan School of Management): "Do Credit Markets Move House Prices?"

31 August 2021: David Marqués-Ibáñez (European Central Bank): "The Burden of Bank Supervision"

24 August 2021: Steven Ongena (University of Zurich): "Too-Big-To-Strand: Bond to Bank Substitution in the Transition to a Low-carbon Economy"

22 June 2021: Andreas Fuster (Swiss National Bank, CEPR): "Tiers of joy? Reserve tiering and bank behavior in a negative-rate environment"

15 June 2021: Edward Glaeser (Harvard University): "Not-in-my-backyard-ism (NIMBY-ism)"

31 May 2021: Amalie Jensen (Danish Ministry of Finance): "Do People Respond to the Mortgage Interest Deduction? Quasi-experimental Evidence from Denmark"

27 May 2021: Niels-Jakob Harbo Hansen (IMF): "Recessions and Recoveries in Labor Markets: Patterns, Policies, and Responses to the COVID-19 Shock"

25 May 2021: Raphael Schoenle (Brandeis University): "The Expectations Channel of Climate Change: Implications for Monetary Policy"

12 May 2021: Lars Svensson (Stockholm School of Economics): "Swedish amortization requirements: Introduced for the wrong reasons, no demonstrable social benefits, and substantial individual and social costs"

4 May 2021: Berardino Palazzo (Federal Reserve Board): "Young Firms and Monetary Policy Transmission"

27 April 2021: Francesco Ferrante (Federal Reserve Board): "Financial Frictions and the Re-distributive Effects of Exchange Rate Fluctuations"

6 April 2021: Arpad Abraham (European University Institute): "On The Optimal Design of A Financial Stability Fund"

23 March 2021: Kilian Huber (Booth School of Business, University of Chicago): "Demand Networks: Theory and Measurement in Denmark"

16 March 2021: Anatoli Segura (Banca d'Italia): "Firm-Bank Linkages and Optimal Policies in a Lockdown"

9 March 2021: James H. Stock (Harvard University): "The Macroeconomic Impact of Europe's Carbon Taxes"

2 March 2021: Josef Sigurdsson (Norwegian School of Business): "Labor Supply Responses and Adjustment Frictions: A Tax-Free Year in Iceland"


1 December 2020: Isabel Mejean (Ecole Polytechnique): "Relationship stickiness, international trade and economic uncertainty"

8 December 2020: Ludo Visschers (University of Edinburgh): "Revisiting the Hypothesis of High Discounts and High Unemployment"

17 November 2020: Paolo Surico (London Business School): "Capital, Income Inequality, and Consumption"

3 November 2020: Mathias Trabandt (Freie Universität Berlin): "How do People Respond to Small Probability Events with Large, Negative Consequences?"

6 October 2020: Eric Swanson (University of California, Irvine): "The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates"

29 September 2020: Patrick Moran (University of Copenhagen): "Breaking the Commitment Device: The Effect of Home Equity Withdrawal on Consumption, Saving, and Welfare"

8 September 2020: Bart Hobijn (Arizona State University): "World Productivity: 1996 - 2014"

13 January 2020: Jean-Charles Rochet (University of Zurich): "Financial Intermediation, Capital Accumulation and Crisis Recovery"


5 November 2019: Philippe Bracke (London School of Economics and Political Science): "When Teaser Rates End: The Cost of Taking Action in the Mortgage Market"

6 November 2019: Ralf Meisenzahl (Federal Reserve Bank of Chicago): "Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s"

3 September 2019: Sebastian Heise (Federal Reserve Bank of New York): "Firm-to-Firm Relationships and the Pass-Through of Shocks: Theory and Evidence"

15 August 2019: Margarita Rubio (University of Nottingham)

18 June 2019: Juan Rubio-Ramirez (Emory University): "Twin Defaults and Bank Risk Taking"

12 June 2019: Saskia Ter Ellen (Norges Bank): "ECB spillovers and domestic monetary policy effectiveness in small open economies"

3 June 2019: Taneli Mäkinen (Banca d'Italia): "Evaluating Central Bank Purchases of Corporate Bonds"

14 May 2019: Andrea Caggese (Pompeu Fabra University): "Cyclical Fluctuations, Financial Shocks, and the Entry of Fast Growing Entrepreneurial Startups"

13 May 2019: Jorge E.  Galán Camacho (Bank of Spain): "Lending Standards and Risk in the Spanish Mortgage Market"

6 May 2019 : Adam Sheridan (University of Copenhagen): "How Do Households Respond to Unemployment Shocks? Lessons from Multiple High-Frequency Data Sets "

8 April 2019: Joseph Vavra (The University of Chicago Booth School of Business): "Mortgage Prepayment and Path-Dependent Effects of Monetary Policy", at University of Copenhagen - Department of Economics

19 March 2019: Olivier Coibion (The University of Texas at Austin): "Inflation Expectations and Firm Decisions: New Causal Evidence"

6 March 2019: Leif Anders (Norges Bank): "News-driven inflation expectations and information rigidities" 

1 March 2019: Andreas Mueller (The University of Texas at Austin): "Job Search Behavior Among the Employed and Non-Employed"

8 February 2019: Paolo Pesenti (Federal Reserve Bank of New York): "Bright spots, dark clouds, and fuzzy stars: Notes on the US economic outlook and policy"


22 June 2018: Michael Weber (University of Chicago Booth School of Business): "Human Frictions to the Transmission of Economic Policy"

19 June 2018: Laura Sunder-Plassmann (University of Copenhagen): "Sovereign debt crises and the investor base"

12 June 2018: Domenico Giannone (Federal Reserve Bank of New York): "Economic Predictions with Big Data: The Illusion of Sparsity"

6 June 2018: Saroj Bhattarai (University of Texas at Austin); "Some Unpleasant Central Bank Balance Sheet Arithmetic"

8 May 2018: Robert Zymek (University of Edinburgh): "Bilateral Trade Imbalances" 

1 May 2018: Steffen Andersen (Copenhagen Business School): "Experience is the Best Teacher: Financial Misconduct and White-Collar"

13 April 2018: Federico Cingano (Bank of Italy): "Does Credit Crunch Investment Down? New Evidence on Real Effects of the Bank-Lending Channel"

12 April 2018:  Federico Cingano (Bank of Italy): "Before it Gets Better: The Short-Term Employment Costs of Regulatory Reforms"

9 April 2018: Markus Riegler (University of Bonn): "Unemployment (Fears) and Deflationary Spirals"

3 April 2018:  James Costain (Bank of Spain): "Monetary policy implications of state-dependent prices and wages"

20 March 2018: Michele Cavallo (Board of Governors of the Federal Reserve System): "Fiscal Implications of the Federal Reserve's Balance Sheet Normalization"

15 January 2018: Rikke Sejer Nielsen (Copenhagen Business School): "Consumption smoothing over the life-cycle with interest-only mortgages"


8 December 2017: Marcus Mølbak Ingholt (University of Copenhagen): "LTV vs. LTI Constaints: When Did They Bind, and How Do They Interact?"

5 December 2017: Nicolas Serrano-Velarde (Bocconi University): "Lending Standards Over the Credit Cycle"

4 December 2017: Gulfi Zoega (Birkbeck, University of London): "Europe's Trust Deficit - Causes and Remedies"

1 December 2017: Eddie Gerba (Bank of Spain): "Knightian uncertainty and credit cycles"

27 November 2017: David Argente (University of Chicago): "Product Life Cycle, Learning and Nominal Shocks"

21 November 2017: Alonso Villacorta (University of California, Santa Cruz): "Business Cycles and the Balance Sheets of the Financial and Non-financial Sectors"

14 November 2017: Paolo Gelain (European Central Bank): "Monetary and Macroprudential coordination"

9 November 2017:  David Arseneau (Board of Governors of the Federal Reserve Systems): "Private and Public Liquidity Provision in Over-the-Counter Markets"

7 November 2017: David Arseneau (Board of Governors of the Federal Reserve Systems): "How Would US Banks Fare in a Negative Interest Rate Environment"

6 November 2017: Signe Krogstrup (IMF): "International Capital Flow Pressures"

24 October 2017: Jens Christensen (Federal Reserve San Francisco): "A New Normal for Interest Rates? Evidence from Inflation-Indexed Debt"

3 October 2017: Egon Zakrajsek (Board of Governors of the Federal Reserve Systems): "Financial Heterogeneity and Monetary Union"

20 September 2017: Martin Seneca (Bank of England): "Risk shocks close to the zero lower bound"

19 September 2017: Stefano Neri (Bank of Italy): "Natural Rates across the Atlantic"

12 September 2017: Claus Thustrup Kreiner (University of Copenhagen): "CEBI project: Heterogenous Discounting Behavior and Wealth Inequality"

29 August 2017: David Lando (Copenhagen Business School): "Safe Haven CDS Premiums"

8 August 2017: Jeppe Druedahl (University of Copenhagen): "Long-Run Saving Dynamics: Evidence from Unexpected Inheritance"

4 August 2017: Oreste Tristani (European Central Bank): "Monetary Policy and Long-term interest rates"

20 June 2017: Emiliano Santoro (University of Copenhagen), Søren Hove Ravn (University of Copenhagen): "Leverage and Deepening Business Cycle Skewness"

6 June 2017: Luca Gambetti (Universitat Autónoma De Barcelona): "News, Uncertainty and Economic Fluctuations (No News Is Good News)"

23 May 2017: Søren Leth-Petersen (University of Copenhagen): "Is There a Housing Wealth Effect?"

18 May 2017: Luca Sala (Bocconi University): "Reassessing Structural VARs: Beyond the ABCs (and Ds)

9 May 2017: Daniel Daianu (National Bank of Romania): "The New Trade Protectionism"

5 May 2017: Omri Ross (University of Copenhagen): "Blockchains"

12 January 2017: Thomas Pihl Gade (IMF's Nordic-Baltic Office): "The IMF in the International Monetary System and a more Polarized World"

19 December 2016: Thomas Kromand Danielsen (Danmarks Nationalbank): "Potential Output in Denmark – Revised"

16 December 2016: Christian Sinding Bentzen (Danmarks Nationalbank): "Spill-Over Effects from the Housing Market in Copenhagen on the Province"

15 November 2016: Immo Schott (Universite de Montreal): "The employment and productivity effects of short-time work in Germany"

11 November 2016: Georg Ring (Copenhagen Business School): "The irrelevance of Brexit for the European Financial Market"

31 October 2016: Stefan Ingves (Sveriges Riksbank): "Current Discussions on the Basel Framework and Challenges Ahead"

28 October 2016: Graeme Stuart Cokayne (Danmarks Nationalbank): "Incorporating Information into Beliefs on Networks"

10 October 2016: Markus Brunnermeier (Princeton University): “The reversal interest rate: the effective lower bound of monetary policy"

10 October 2016: Jonas Sørensen and Morten Spange (Danmarks Nationalbank): "Effects of inventions in the currency market"

12 September 2016: Peter Lihn Jørgensen (Danmarks Nationalbank): "The American house bubble with alternative formation of expectations"

1 September 2016: Vitor Gaspar (IMF's Fiscal Affairs Department): "Global Fiscal Developments and tax capacity"

29 August 2016: Jesper Pedersen (Danmarks Nationalbank): "What are the effects of changes in taxation and new types of mortgages on the real economy? - The case of Denmark during the 00's"

15 August 2016: Goutham Jørgen Surendran and Rasmus Bisgaard (University of Copenhagen): "Fiscal policy in a DSGE model"

10 June 2016: Lasse Holboell Nielsen (Goldman Sachs): "ECB policy shocks Euro satellites – 'Fear of floating'"

6 June 2016: Kim Abildgren and Andreas Kuchler (Danmarks Nationalbank): "Consumer confidence and house bubbles"

23 May 2016: Nicolas Véron (Bruegel): "Europe's Newborn Banking Union: Achievements, Challenges & Prospects"

9 May 2016: Anders Kronborg (Danmarks Nationalbank): "Modeling nonlinear dynamics in macroeconomics"

12 April 2016: Tjörvi Olafsson (Sedlabanki): "Financial Cycles in Iceland"

11 April 2016: Søren Hove Ravn (University of Copenhagen): "Deepening Contractions and Collateral Constraint"

14 March 2016: Robert Aliber (University of Chicago): "The case for flexible exchange rates is intellectually bankrupt"

1 February 2016: Svend Greniman Andersen (Danmarks Nationalbank): "Offshoring, innovation and wages in the global economy"

18 January 2016: Mark Strøm Kristoffersen (Danmarks Nationalbank): "Market liquidity and market making in the bond market"

7 December 2015: Claes Bäckman (Copenhagen Business School): "The Consequences of Interest Only Loans for the Housing Boom and Bust"

5 October 2015: Gregory Chin (York University): "Chinese monetary policy and internationalization of the renminbi"

1 October 2015: Lasse Heje Pedersen (Copenhagen Business School)

28 September 2015: Peter Nellemann (Danmarks Nationalbank): "Global value chains"

14 September 2015: Casper Nordal Jørgensen (Danmarks Nationalbank): "Expenditure switching and welfare effects"

31 August 2015: Kim Abildgren (Danmarks Nationalbank): "Money market before, under and after the crisis"

17 August 2015: Mark Strøm Kristoffersen (Danmarks Nationalbank): "Analysis of wage flexibility, geographic mobility and the unemployment benefit system"

13 August 2015: Andreas Orebo Hansen and Frederik Sandager Rasmussen (University of Copenhagen): "How intense is the competition among banks, and how does it affect the financial stability?"

22 July 2015: Ib Hansen (Danmarks Nationalbank): "Connection the MONA model and banks’ stress testing"

8 June 2015: Morten Hedegaard Rasmussen (OECD): "Countries real economic resilience"

28 May 2015: Søren Autrup (Danmarks Nationalbank): "Monetary policy in the ECB"

11 May 2015: Andreas Kuchler (Danmarks Nationalbank): "Firms debt and investments during the crisis"

11 May 2015: Yu Yongding (China Society of World Economy): "China's Slow-Growth Opportunity"

27 April 2015: Simon Juul Hviid (Aarhus University): "Explosive bubbles in house prices? Evidence from the OECD countries"

13 April 2015: Torben Heien Nielsen (University of Copenhagen): "Active vs. Passive Decisions and Crowd-Out in Retirement Savings: Evidence from Denmark"

9 April 2015: Signe Krogstrup (Swiss National Bank): "Monetary policy with negative interest rates"

7 April 2015: Jens Søndergaard (Capital Group): "Global financial cycles: All together now?"

16 March 2015: Marcus Mølbak Ingholt (University of Copenhagen): "A DSGE Model with a Housing Market and Unemployment"

16 March 2015: Mette Escherich Østergaard (Aarhus University): "Risk to the macroeconomic stability – adjustable rates and deferred amortization"

2 March 2015: Jesper Pedersen (Danmarks Nationalbank): "Long stagnation"

2 February 2015: Henrik Yde Andersen (Danmarks Nationalbank): "Saving behavior and fiscal deduction for pension savings – an empirical research of the ceiling over pension annuity payment"

2 February 2015: Anne Ulstrup (Danmarks Nationalbank): "the Keynesian multiplier in a CGE-model – modelling of a CGE-model with nominal and real frictions"

19 January 2015: Sabine Lautenschläger (ECB & SSM): "Single Supervisory Mechanism – its establishment and the way forward"