Ekonomiska kriser och krisberedskap i Sverige
(2019) In Knut Wicksell Policy paper 1: 2019. p.1-13- Abstract
- 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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/3e09eb4a-de01-4850-9185-3ef1e8fcec25
- author
- Jonung, Lars LU
- organization
- publishing date
- 2019-06
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- Economic crisis, financial crisis, crisis preparednes, fiscal policy, Sweden, G01, H12, H63
- in
- Knut Wicksell Policy paper
- volume
- 1: 2019
- pages
- 14 pages
- publisher
- The Knut Wicksell Centre for Financial Studies, Lund University
- language
- Swedish
- LU publication?
- yes
- id
- 3e09eb4a-de01-4850-9185-3ef1e8fcec25
- date added to LUP
- 2019-08-28 11:53:07
- date last changed
- 2021-03-29 22:21:41
@misc{3e09eb4a-de01-4850-9185-3ef1e8fcec25, abstract = {{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.}}, author = {{Jonung, Lars}}, keywords = {{Economic crisis; financial crisis; crisis preparednes; fiscal policy; Sweden; G01; H12; H63}}, language = {{swe}}, note = {{Working Paper}}, pages = {{1--13}}, publisher = {{The Knut Wicksell Centre for Financial Studies, Lund University}}, series = {{Knut Wicksell Policy paper}}, title = {{Ekonomiska kriser och krisberedskap i Sverige}}, url = {{https://lup.lub.lu.se/search/files/68890342/2019_1_policypaper.pdf}}, volume = {{1: 2019}}, year = {{2019}}, }