Lars E. O. Svensson is a Swedish economist on the faculty of Princeton University. He has published significant research in macroeconomics, especially monetary economics, international trade and general equilibrium theory. He is among the most influential economists in the world according to IDEAS/RePEc. He is a well-known proponent of inflation targeting, a topic on which he published significant research.
Since 2007 he is on leave from the University as he took the position of deputy governor of the Sveriges Riksbank (the central bank of Sweden). He is also notable for advocating and implementing the world's first negative interest rate among central banks at the Riksbank in July 2009.
Lars Svensson earned his M.S. in mathematics in 1971 from the School of Applied Mathematics at the Royal Institute of Technology in Stockholm and his Bachelor of Arts in economics, economic history and mathematics in 1973 at the Stockholm University. After studying as a Special Graduate Student in economics at the Massachusetts Institute of Technology in 1974-75, he received his Doctor of Philosophy from the Stockholm University in 1976.
Between 1975-84 Svensson was a Research Fellow of the Institute for International Economic Studies at the Stockholm University and, until 2001, he was a professor of international economics at the same Institute. Since 2001 he is a professor of economics at Princeton University. Before joining the Sveriges Riksbank as a deputy governor, in 2007, he acted as an advisor for many organizations, including the World Bank, the Federal Reserve Bank of New York and the Reserve Bank of New Zealand.
He is a member of the Royal Swedish Academy of Sciences since 1989 and a fellow of the Econometric Society.