Stockholm university
Center for Monetary Policy and Financial Stability

About the centre

The center is generously supported by a grant from the Bank of Sweden Tercentenary Foundation of SEK 60 million with the objective of consolidating the PhD program and the research environment within the fields of monetary policy and financial stability. The grant was obtained in an open call, involving a competitive process. The center was then formed in the spring of 2021.

CeMoF is governed by a director and a deputy director, a management team, and a board – please see below for details and contact information.

There are also a number of researchers and PhD students affiliated with the center. Affiliates are expected to participate in CeMoF activities and in general add to the research environment at the center.

 

Contact the center

Roine Vestman is the center's director and Per Krusell deputy director. Find everybody else here:

Contact

 

How to apply to our PhD programs

If you are interested in this specialization, you simply apply to the PhD program in Economics at Stockholm University.

Taking the money-finance track in short means following the regular program, with money-finance elements from year two and on. Students interested in financial stability and financial markets should also apply to the SBS PhD program in finance, which offers the same money-finance track.

Applications to either program do not have to include a statement of interest in this specialization – in fact, it is available to all students admitted – but we welcome it.

PhD program in Economics (ECON)

PhD program in Finance (SBS) 

 

PhD courses

For PhD students in the money/finance area we have identified core courses and elective courses. The courses are given every year, or in some cases every second year. In addition, there will be occasionally occurring courses, including mini courses, many of which will be offered by visiting CeMoF researchers.

PhD courses

 

Research background

To those of you who are interested in the background to CeMoF and the new track, let us convey some key ideas.

Research background

Last updated: October 20, 2025

Source: Center for Monetary Policy and Financial Stability (CeMoF)

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