Showing 1 - 10 of 161
Inflation targeting was adopted by several countries, including Sweden, in the 1990s. We evaluate the Swedish inflation … compared to previous regimes adopted in Sweden during the 20th century. Our approach to evaluate inflation targeting is … century of observations, inflation targeting in Sweden is a success – at least so far. …
Persistent link: https://www.econbiz.de/10010295281
This paper compares the boom-bust cycle in Finland and Sweden 1984-1995 with the average boom-bust pattern in … 1980s and 1990s. The boom-bust cycle in Finland and Sweden 1984-1995 was driven by financial liberalization and a hard …
Persistent link: https://www.econbiz.de/10010298327
announced. Inflation targeting has thus reduced macroeconomic uncertainty compared to previous regimes adopted in Sweden … fixed exchange rates. As judged by the reactions of the labor market participants, inflation targeting in Sweden is a …
Persistent link: https://www.econbiz.de/10010298615
When Sweden left the gold standard on September 27, 1931, the Swedish government declared that the aim of monetary … targeting officially became for the first time the goal for a central bank. Soon after, the Riksbank (Bank of Sweden) sent a …
Persistent link: https://www.econbiz.de/10014551682
After World War II and prior to the financial deregulation of the 1980s, monetary policy in Sweden as well as in other …
Persistent link: https://www.econbiz.de/10014551738
Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in …
Persistent link: https://www.econbiz.de/10012268758
This paper explores the evolution of Swedish fiscal policy from one extreme approach to another one in less than four decades. After the demise of the Bretton Woods-system in the early 1970s, Swedish fiscal policy was based on a Keynesian approach with the goal to stabilize the business cycle...
Persistent link: https://www.econbiz.de/10013208694
that gradually emerged in Sweden after the deep economic crisis of the early 1990s. By now, Swedish public finances stand … out among the strongest in Europe. Recent Swedish macroeconomic performance has been impressive. As Sweden and Portugal … are small open economies in the periphery of Europe, Sweden may serve as a fiscal model for Portugal. Policy lessons are …
Persistent link: https://www.econbiz.de/10013208695
We assess Lars E O Svensson's prominent critique of the Swedish Riksbank. We reject his two major claims: first that the Riksbank has anchored inflation expectations at the 2 percent inflation target, and second, that the original version of the Phillips curve, based constant inflation...
Persistent link: https://www.econbiz.de/10013208696
Should an inflation-targeting central bank have an explicit tolerance band around its inflation target? This paper provides an answer derived from the Swedish experience. The Riksbank is exceptional in the sense that it first adopted and later abolished an explicit band and is currently...
Persistent link: https://www.econbiz.de/10013208782