Hi! I'm Hedda Thorell, a fourth year PhD student at the Department of Economics at Stockholm University. My research interests lie in the area of applied macroeconomics and household finance. I am particularly interested in questions concerning the effects of monetary policy.
I also have experience from different policy institutions, including the International Monetary Fund, the National Institute for Economic Research and Sveriges Riksbank.
You can find my CV here.
Research
Quantitative easing and portfolio rebalancing
work in progress
Investigating the effectiveness of quantitative easing (QE) in a small open economy. By combining security-level holdings data with quasi-experimental variations in QE purchases, this project will estimate the so-called portfolio rebalancing channel in Sweden. It will also address the potential exchange rate effects when the foreign sector accounts for a large share of QE purchases, as well as possible changes in investor behavior in the markets targeted by the central bank.
Monetary policy, durable goods and wage rigidity
work in progress
The Macroeconomic Consequences of Undermining Central Bank Independence
Joint with with Marijn A. Bolhuis (IMF) and Rui Mano (IMF)
work in progress