David Vestin is a senior advisor at the research division of Sveriges Riksbank. He holds a Ph.D. in economics from Stockholm University (IIES). For the past 20 years he has worked at the ECB, the BIS and at the Riksbank, both in research and in policy positions. His primary research interests includes monetary policy, central banking and macro-finance. He has published in top field journals such as the Journal of Monetary Economics, Journal of Money, Credit and Banking and Journal of Econometrics.