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

Andersson, Fredrik N G LU (2020) In Working Papers
Abstract
There is a never-ending quest for a stable economy with full employment and low inflation. Economists have suggested and policymakers have experimented with different fiscal and monetary policy regimes since at least the beginning of the industrial revolution. In this paper, we study Swedish stabilization policies through six policy regimes between 1873 and 2019. We focus on discretionary stabilization policies by estimating policy shocks. We then explore how Swedish stabilization policies have evolved over time through these shocks: how different institutional setups affected the policies and how policymakers responded to key economic events such as financial crises and wars.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Working paper/Preprint
publication status
published
subject
keywords
Monetary policy, Fiscal policy, Policy shocks, Stabilization policies, Financial crisis, E42, E43, E52, E62, E65
in
Working Papers
issue
2020:16
pages
37 pages
language
English
LU publication?
yes
id
225d6c01-9255-4b46-bd1f-1aab850ce8bc
alternative location
https://swopec.hhs.se/lunewp/abs/lunewp2020_016.htm
date added to LUP
2020-09-02 11:19:23
date last changed
2020-09-02 11:19:23
@misc{225d6c01-9255-4b46-bd1f-1aab850ce8bc,
  abstract     = {{There is a never-ending quest for a stable economy with full employment and low inflation. Economists have suggested and policymakers have experimented with different fiscal and monetary policy regimes since at least the beginning of the industrial revolution. In this paper, we study Swedish stabilization policies through six policy regimes between 1873 and 2019. We focus on discretionary stabilization policies by estimating policy shocks. We then explore how Swedish stabilization policies have evolved over time through these shocks: how different institutional setups affected the policies and how policymakers responded to key economic events such as financial crises and wars.}},
  author       = {{Andersson, Fredrik N G}},
  keywords     = {{Monetary policy; Fiscal policy; Policy shocks; Stabilization policies; Financial crisis; E42; E43; E52; E62; E65}},
  language     = {{eng}},
  month        = {{08}},
  note         = {{Working Paper}},
  number       = {{2020:16}},
  series       = {{Working Papers}},
  title        = {{The Quest for Economic Stability: A Study on Swedish Stabilization Policies 1873–2019}},
  url          = {{https://swopec.hhs.se/lunewp/abs/lunewp2020_016.htm}},
  year         = {{2020}},
}