The browser you are using is not supported by this website. All versions of Internet Explorer are no longer supported, either by us or Microsoft (read more here: https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Please use a modern browser to fully experience our website, such as the newest versions of Edge, Chrome, Firefox or Safari etc.

Fredrik NG Andersson. Photo.

Fredrik N G Andersson

Associate professor

Fredrik NG Andersson. Photo.

The Quest for Economic Stability: A Study on Swedish Stabilization Policies 1873-2019

Author

  • Fredrik N G Andersson

Summary, in English

This paper explores the evolution of Swedish stabilisation 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 stabilisation 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 destabilisation rather than stabilisation, (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.

Department/s

  • Department of Economics

Publishing year

2023-05-15

Language

English

Pages

128-156

Publication/Series

Scandinavian Economic History Review

Volume

71

Issue

2

Document type

Journal article

Publisher

Routledge

Topic

  • Economics
  • Economic History

Keywords

  • 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/Other

  • ISSN: 1750-2837