Lars Jonung
Professor emeritus
Ekonomiska kriser och krisberedskap i Sverige
Författare
Summary, in English
This study discusses economic crises and crisis preparedness in Sweden. The message may be summarized in four points: (i) economic crises are a recurrent element in Swedish economic history, (ii) economic crises have far-reaching political effects, (iii) economic crises change the design of economic policies and institutions, and (iv) new crises will occur in the future. A major method to prepare for the next financial crisis is to have sufficient fiscal space given by a government debt-to-GDP ratio of 20-30 percent, lower than the present debt ratio. Such a debt anchor will make it possible to counter the next financial crisis by expansionary fiscal policy.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2019-06
Språk
Svenska
Sidor
1-13
Publikation/Tidskrift/Serie
Knut Wicksell Policy paper
Volym
1: 2019
Fulltext
- Available as PDF - 912 kB
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Dokumenttyp
Working paper
Förlag
The Knut Wicksell Centre for Financial Studies, Lund University
Ämne
- Economics
Nyckelord
- Economic crisis
- financial crisis
- crisis preparednes
- fiscal policy
- Sweden
- G01
- H12
- H63
Status
Published