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
Online article (restrictions may apply)
Preliminary version


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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