Fredrik N G Andersson
Docent
The Quest for Economic Stability: A Study on Swedish Stabilization Policies 1873-2019
Författare
Summary, in Swedish
This paper explores the evolution of Swedish stabilization policies through six policy regimes between 1873 and 2019. We focus on discretionary policy decisions by estimating policy shocks using a SVAR model. Through these shocks, we explore how stabilization policies have evolved over time and how policymakers responded to key economic events such as financial crises and wars. Our results show three key results i) policies are often a source of destabilization rather than stabilization, ii) regimes are designed for a specific time and ends when economic circumstances change, and iii) fixed exchange rates worsen the economic effects of financial crises.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2023-05-15
Språk
Engelska
Sidor
128-156
Publikation/Tidskrift/Serie
Scandinavian Economic History Review
Volym
71
Issue
2
Dokumenttyp
Artikel i tidskrift
Förlag
Routledge
Ämne
- Economics
- Economic History
Nyckelord
- monetary policy
- Fiscal Policy
- policy shocks
- Sweden
- stabilization policy
- Financial crisis
- stabilization policy
- monetary policy
- fiscal policy
- inflation
- recession
- financial crisis
- Sweden
- E42
- E43
- E52
- E58
- E62
- E65
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1750-2837