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, Sweden, served as an outlier. It restricted the spread of the virus primarily through voluntary measures rather than strict … lockdowns. In this study, we compare the health and economic outcomes in Sweden with those of comparable Western European …, Sweden managed to combine one of the lowest excess death rates with relatively small economic costs. Furthermore, Sweden …
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We consider the effects of quantitative easing on the liquidity of the Swedish government bonds. To capture multiple dimensions of liquidity we use several measures built on a unique and highly granular transaction-based dataset. We find that the Riksbank's purchases of government bonds improved...
Persistent link: https://www.econbiz.de/10012511146
This paper examines equilibrium determination under different monetary policy regimes when the government might default on its debt. We apply a cash-in-advance model where the government does not have access to non-distortionary taxation and does not account for initial outstanding debt when it...
Persistent link: https://www.econbiz.de/10011379355
This paper uses cross country regression analysis on a large set of countries to consider two hypotheses. The first is that increased public debt as a percentage of the economy reduces confidence in financial institutions. The second is that increased public debt relative to the economy lowers...
Persistent link: https://www.econbiz.de/10009746067
In studies concluding that public debt may hamper GDP, the debt tipping effects are estimated as if there were a single world currency. This means that such studies ignore the likely biggest cause of changes in growth rates, namely damage from exchange rate liquidity shocks because we do not...
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