are confronted with the development of the Swedish economy. The three main results of the analysis are: (1) The evolution … of the Swedish economy closely followed Shumpeter's predictions until about 1980: Large firms became increasingly … policies fueled a development of the economy along the lines predicted by Schumpeter. In general, the policies discouraged …

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. …