Paola Boel
Vice President
- BA,
- Economics,
- Università L. Bocconi,
- 1999
- MS,
- Economics,
- Purdue University,
- 2004
- PhD,
- Economics,
- Purdue University,
- 2006
Paola Boel is a vice president in the Research Department at the Federal Reserve Bank of Cleveland. She leads the banking and finance group which conducts research in various fields of economics and finance, including banking, household finance, macro finance, payments, and networks; and provides advice on financial stability. Her fields of interest include monetary theory, payment systems, and financial intermediation.
Prior to joining the Bank, Dr. Boel was a senior economist in the research division of Sveriges Riksbank, the central bank of Sweden. Previously, she was an assistant professor of economics at Bowdoin College.
Dr. Boel obtained her PhD and MA in economics from Purdue University and her BA in economics from Bocconi University in Milan, Italy.
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“Monetary Equilibrium and the Cost of Banking Activity.” With Gabriele Camera. Journal of Money, Credit, and Banking, 2020, 52(4): 653–683.
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“Stabilization Policy at the Zero Lower Bound.” With Christopher Waller. International Economic Review, 2019, 60(4): 1–25.
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“The Redistributive Effects of Inflation and the Shape of Money Demand.” Journal of Economic Dynamics and Control, 2018, 90: 208–219.
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“The Welfare Cost of Inflation in OECD Countries.” With Gabriele Camera. Macroeconomic Dynamics, 2011, 15: 217–251.
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“Financial Sophistication and the Distribution of the Welfare Cost of Inflation.” With Gabriele Camera. Journal of Monetary Economics, 2009, 56: 968–978.
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“Efficient Monetary Allocations and the Illiquidity of Bonds.” With Gabriele Camera. Journal of Monetary Economics, 2006, 53: 1693–1715.
- “Payment Systems–History and Challenges.” Sveriges Riksbank Economic Review, 2019, 1.
- “The E-Krona and the Macroeconomy.” Sveriges Riksbank Economic Review, 2018, 3.
- “Thinking about the Future of Money and Potential Implications for Central Banks.” Sveriges Riksbank Economic Review, 2016, 1.
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