hello, I'm

Annukka Ristiniemi

monetary economist · model builder · ECB

Welcome! I am a Team Lead Economist at the ECB's Monetary Policy Strategy division working on policy modelling. Prior to that I worked at the Modelling division at Riksbank. I completed my PhD at Paris School of Economics and spent time at Banque de France, ECB, and CEPREMAP among other places.

DSGE BVAR Dynare RISE optimal policy
Annukka Ristiniemi

# news

2026
Built econfepedia.com — a website for browsing and sharing information about economics conferences, developed with Stefan Gebauer and Niki Papadopoulou. project
2026
Built wandertopo.com — a website for finding locations for sports when travelling. project
2025
Contributed to the ECB's 2025 Monetary Policy Strategy Review — Report on monetary policy tools, strategy and communication (ECB Occasional Paper No. 372).
2025
New working paper — Battle of the Ages: Distributional and Aggregate Effects of Monetary Policy in a Model with Age Demographics (ECB Working Paper No. 3125). ↗ paper (PDF)
🎧 listen to the paper as a podcast

# research

# policy publications

2023 · ECB Economic Bulletin, Issue 3, Box 6
with Matthieu Darracq Pariès, Roberto Motto, Carlos Montes-Galdón, Arthur Saint-Guilhem, Srečko Zimic
2019 · Sveriges Riksbank Economic Commentaries No. 12
with Emil Askestad, Ana Maria Ceh, Paola Di Casola

# other projects

A website for finding locations for sports when you travel.

# experience

↓ read my full CV (PDF)

Team Lead Economist now
European Central Bank
Frankfurt · 2023 → present · Monetary Policy Strategy, DG-Monetary Policy

Leading monetary policy strategy analysis and DSGE modelling. Earlier in the same division as Senior Economist (2020–2023) and Economist (2019–2020).

Economist
Sveriges Riksbank
Stockholm · 2015 → 2019 · Modelling division

Forecasts, scenarios and unconventional monetary policy; maintenance and development of DSGEs and BVARs.

PhD Trainee
European Central Bank
Frankfurt · 2015 · Fiscal Policies division

Research on quantitative easing.

Research Assistant to Daniel Cohen
CEPREMAP
Paris · 2010 → 2011

Growth, capital accumulation and financial crises.

Research Intern
Banque de France
Paris · 2010 · 2011 · International Macroeconomics

Sovereign credit ratings and debt crises.

# education

PhD Economics
Paris School of Economics · Supervisor Daniel Cohen
2016
MSc Economics
Paris School of Economics
2010
MPhil Economics
University of Athens
2009
BSc Economics
Martin Luther Universität
2007