Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129636
Authors: 
Calmfors, Lars
Year of Publication: 
2015
Series/Report no.: 
IFN Working Paper 1075
Abstract: 
The paper describes the monetary and fiscal policy frameworks in Sweden and analyses how they were established as well as current challenges. Sweden provides a good example of how deep economic crisis, in interaction with independent thinking by academics and other experts as well as policy influences from abroad, can lead to fundamental reforms of policy frameworks. It remains to be seen whether it will be possible in Sweden to adapt the monetary and fiscal frameworks to changed circumstances, while still preserving the benefits they have delivered.
Subjects: 
Independent central banking
inflation targeting
fiscal rules
fiscal councils
JEL: 
E58
H61
Document Type: 
Working Paper

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