2015

The Swedish Macroeconomic Policy Framework

Reprint No. 2015:71

Author(s): Lars CalmforsYear: 2015 Title: Oxford Handbook of Swedish Politics Chapter: 44Editor(s): Jon PierrePublisher: Oxford University PressCity: Oxford, UK Pages: 592–611
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This chapter 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.


Reference:
Calmfors, Lars (2015), "The Swedish Macroeconomic Policy Framework". Chapter 44, pp. 592–611 in Jon Pierre, ed., Oxford Handbook of Swedish Politics. Oxford, UK: Oxford University Press.

Lars Calmfors

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lars.calmfors@ifn.se

Interdisciplinary European Studies

The European Union in a Changing World Order

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This book explores how the European Union responds to the ongoing challenges to the liberal international order. These challenges arise both within the EU itself and beyond its borders, and put into question the values of free trade and liberal democracy. 

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