Preparing for the next crisis: Lessons from the successful Swedish fiscal framework
(2021) p.69-101- Abstract
- Ever since the international financial crisis of 2007/08, Sweden stands out
as a country with a prudent and sustainable national debt policy. Debt rises
during recessions and crises only to fall back during times of growth. A low
debt level before a major crisis allows Sweden to increase its public debt
and support the economy during a crisis without risking a fiscal crisis. The
strength of the Swedish public finances raises three questions: First, what are
the determinants behind this strong performance; second, is the framework
sustainable for the future; and third, are there any lessons for other countries?
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/34550776-883f-4a3d-81a4-031415a08226
- author
- Andersson, Fredrik N G LU and Jonung, Lars LU
- organization
- publishing date
- 2021-11-15
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- keywords
- fiscal policy, fiscal policy framework, Sweden, fiscal crisis, Covid-19 pandemic
- host publication
- Public debt sustainability: International perspectives
- editor
- Poulson, Barry W. ; Merrifield, John and Hanke, Steve
- pages
- 69 - 101
- publisher
- Lexington Books
- ISBN
- 9781666902563
- language
- English
- LU publication?
- yes
- id
- 34550776-883f-4a3d-81a4-031415a08226
- date added to LUP
- 2021-10-06 07:19:55
- date last changed
- 2023-02-03 13:57:04
@inbook{34550776-883f-4a3d-81a4-031415a08226, abstract = {{Ever since the international financial crisis of 2007/08, Sweden stands out <br/>as a country with a prudent and sustainable national debt policy. Debt rises <br/>during recessions and crises only to fall back during times of growth. A low <br/>debt level before a major crisis allows Sweden to increase its public debt <br/>and support the economy during a crisis without risking a fiscal crisis. The <br/>strength of the Swedish public finances raises three questions: First, what are <br/>the determinants behind this strong performance; second, is the framework <br/>sustainable for the future; and third, are there any lessons for other countries?}}, author = {{Andersson, Fredrik N G and Jonung, Lars}}, booktitle = {{Public debt sustainability: International perspectives}}, editor = {{Poulson, Barry W. and Merrifield, John and Hanke, Steve}}, isbn = {{9781666902563}}, keywords = {{fiscal policy; fiscal policy framework; Sweden; fiscal crisis; Covid-19 pandemic}}, language = {{eng}}, month = {{11}}, pages = {{69--101}}, publisher = {{Lexington Books}}, title = {{Preparing for the next crisis: Lessons from the successful Swedish fiscal framework}}, year = {{2021}}, }