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Cassel, Davidson and Heckscher on swedish monetary policy : A confidential report to the riksbank in 1931

Jonung, Lars LU (1979) In Scandinavian Economic History Review 22(2). p.85-101
Abstract
When Sweden was forced to leave the gold standard in September 1931—one week after the Bank of England had taken the same step—the Swedish authorities declared that the aim of Swedish monetary policy should be to stabilize the internal purchasing power of the krona. that is, a price stabilization norm was adopted by the Government as the guide for the Riksbank. The Riksbank, left with the task of implementing this policy, turned to three renowned economists for advice, Gustav Cassel, David Davidson and Eli Heckscher. Their recommendations concerning the proper aims and means for Swedish monetary policy, given in three separate reports at the end of October 1931, have thus far remained classified documents, kept in the archives of the... (More)
When Sweden was forced to leave the gold standard in September 1931—one week after the Bank of England had taken the same step—the Swedish authorities declared that the aim of Swedish monetary policy should be to stabilize the internal purchasing power of the krona. that is, a price stabilization norm was adopted by the Government as the guide for the Riksbank. The Riksbank, left with the task of implementing this policy, turned to three renowned economists for advice, Gustav Cassel, David Davidson and Eli Heckscher. Their recommendations concerning the proper aims and means for Swedish monetary policy, given in three separate reports at the end of October 1931, have thus far remained classified documents, kept in the archives of the Riksbank. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
Scandinavian Economic History Review
volume
22
issue
2
pages
17 pages
publisher
Routledge
external identifiers
  • scopus:0009153055
ISSN
1750-2837
DOI
10.1080/00708852.1979.10418964
language
English
LU publication?
yes
id
5b9c7c65-e77f-4db4-aa48-696f172d69b1
alternative location
https://www.scopus.com/inward/record.uri?eid=2-s2.0-0009153055&doi=10.1080%2f00708852.1979.10418964&partnerID=40&md5=14cbf231f981d93c0c847c8c4abcd97d
date added to LUP
2017-02-23 10:55:59
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2017-03-16 10:42:34
@article{5b9c7c65-e77f-4db4-aa48-696f172d69b1,
  abstract     = {When Sweden was forced to leave the gold standard in September 1931—one week after the Bank of England had taken the same step—the Swedish authorities declared that the aim of Swedish monetary policy should be to stabilize the internal purchasing power of the krona. that is, a price stabilization norm was adopted by the Government as the guide for the Riksbank. The Riksbank, left with the task of implementing this policy, turned to three renowned economists for advice, Gustav Cassel, David Davidson and Eli Heckscher. Their recommendations concerning the proper aims and means for Swedish monetary policy, given in three separate reports at the end of October 1931, have thus far remained classified documents, kept in the archives of the Riksbank.},
  author       = {Jonung, Lars},
  issn         = {1750-2837},
  language     = {eng},
  number       = {2},
  pages        = {85--101},
  publisher    = {Routledge},
  series       = {Scandinavian Economic History Review},
  title        = {Cassel, Davidson and Heckscher on swedish monetary policy : A confidential report to the riksbank in 1931},
  url          = {http://dx.doi.org/10.1080/00708852.1979.10418964},
  volume       = {22},
  year         = {1979},
}