The Riksbank is wrong about the debt: Higher policy rates increase rather than decrease the household-debt ratio

Lars E.O. Svensson, 4 September 2013

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In the last few years, the Riksbank has conducted a monetary policy that has led to substantially lower inflation than the inflation target and unnecessarily high unemployment.

Topics: Monetary policy
Tags: household debt, Riksbank, Sweden

Winners of a European banking union

Dirk Schoenmaker, Arjen Siegmann, 27 February 2013

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The aim of the prospective banking union is to foster financial stability in Europe. The euro sovereign debt crisis has shown that financial stability cannot be managed effectively at the national level, because of the diabolic loop between national governments and banks (Alter and Schüler 2012).

Topics: EU institutions, EU policies, Europe's nations and regions
Tags: Bailouts, banking union, Eurozone crisis, Netherlands, Spain, Sweden, UK

Fiscal consolidation in Sweden: A role model?

Martin Flodén, 25 September 2012

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Twenty years ago, in September 1992, the Swedish central bank raised its policy rate to 500% in an attempt to defend the fixed exchange rate during the European currency crisis. The Swedish economy was then already in the midst of a severe economic crisis.

Topics: Europe's nations and regions, Global crisis, International finance
Tags: Eurozone crisis, financial crises, Sweden

The curse of advanced economies in resolving banking crises

Luc Laeven, Fabian Valencia, 9 July 2012

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Countries typically resort to a mix of policies to contain and resolve banking crises, ranging from macroeconomic stabilisation to financial sector restructuring policies and institutional reforms. However, despite many commonalities in the origins of crises (Reinhart and Rogoff 2009), existing crisis management strategies have been met with mixed success.

Topics: Global crisis, Macroeconomic policy
Tags: banking crises, Eurozone crisis, financial crises, global crisis, Japan, Sweden

What can Europe learn from Sweden? Four lessons for fiscal discipline

Lars Calmfors, 12 March 2012

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Several Eurozone countries are currently struggling with acute fiscal crises (eg Corsetti and Müller 2012). At the same time, the new fiscal compact is an attempt to beef up fiscal frameworks for the future.

Topics: Macroeconomic policy
Tags: fiscal crises, fiscal policy, Sweden

Can education policy be used to fight crime?

Randi Hjalmarsson, Helena Holmlund, Matthew Lindquist, 29 November 2011

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How should society fight crime? Should we adopt tough-on-crime policies that increase monitoring and lengthen prison sentences? Or should we adopt a softer strategy aimed at alleviating poverty and combating discrimination?

Topics: Education
Tags: crime, Sweden

The importance of exports and services trade re-evaluated

Henrik Isakson, 25 June 2011

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It took some time before the concept of vertical specialisation, coined by Hummels, Ishii, and Yi in 2001, reached a broader non-academic audience. Estimating the import content of exports was not something that bothered policymakers. Today however, this formerly academic exercise is at the core of the debate in the trade policy community.

Topics: International trade
Tags: exports, Services trade, supply chains, Sweden

Should the Eurozone enlarge?

Kari EO Alho, 5 June 2011

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The title question may look odd in the midst of a severe crisis. It is much more common to ask whether some Eurozone members should leave.

Topics: EU policies, Europe's nations and regions
Tags: Eurozone crisis, Eurozone englargement, Sweden

Should Sweden join the Eurozone?

J James Reade, Ulrich Volz, 8 September 2009

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The Swedish euro debate disappeared following the negative outcome of the 2003 referendum, but the current global financial crisis has revived euro deliberations in Sweden.

Topics: EU institutions, Macroeconomic policy
Tags: eurozone, Sweden

Sweden as a useful model of successful financial crisis resolution

Emre Ergungor, Kent Cherny, 19 March 2009

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Governments of the world’s rich nations are clearly in need of positive examples of how to fix broken banking sectors. While we have many such examples from the last century (Caprio, Hunter, Kaufman, and Leipziger 1998), one of the most recent is the Swedish crisis.

Topics: Financial markets, Global crisis
Tags: Banking crisis, global crisis debate, Sweden

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