Rafael B. de Rezende

I am a Ph.D. economist working at the Sveriges Riksbank, the Central Bank of Sweden.

My research interests lie in the fields of Macro-Finance, Monetary Economics, International Finance, Empirical Asset-Pricing and Forecasting. In my most recent work I propose a shadow rate that does not impose a lower bound constraint on nominal interest rates, and that measures the expansionary and contractionary interest rate effects of monetary policies that are present when the lower bound is not binding, such as target interest rate policy, forward guidance, balance sheet policy and communication.