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

Andersson, Fredrik N G LU (2023) In Scandinavian Economic History Review 71(2). p.128-156
Abstract
This paper explores the evolution of Swedish stabilisation policies through six policy regimes between 1873 and 2019. We focus on discretionary policy decisions by estimating policy shocks using a SVAR model. Through these shocks, we explore how stabilisation policies have evolved over time and how policymakers responded to key economic events such as financial crises and wars. Our results show three key results (i) policies are often a source of destabilisation rather than stabilisation, (ii) regimes are designed for a specific time and ends when economic circumstances change, and (iii) fixed exchange rates worsen the economic effects of financial crises.
Abstract (Swedish)
This paper explores the evolution of Swedish stabilization policies through six policy regimes between 1873 and 2019. We focus on discretionary policy decisions by estimating policy shocks using a SVAR model. Through these shocks, we explore how stabilization policies have evolved over time and how policymakers responded to key economic events such as financial crises and wars. Our results show three key results i) policies are often a source of destabilization rather than stabilization, ii) regimes are designed for a specific time and ends when economic circumstances change, and iii) fixed exchange rates worsen the economic effects of financial crises.
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
monetary policy, Fiscal Policy, policy shocks, Sweden, stabilization policy, Financial crisis, stabilization policy, monetary policy, fiscal policy, inflation, recession, financial crisis, Sweden, E42, E43, E52, E58, E62, E65
in
Scandinavian Economic History Review
volume
71
issue
2
pages
128 - 156
publisher
Routledge
external identifiers
  • scopus:85116806965
ISSN
1750-2837
DOI
10.1080/03585522.2021.1984300
language
English
LU publication?
yes
id
5d4ca20d-e681-4b4d-8482-302ea2649673
date added to LUP
2021-08-02 08:47:28
date last changed
2023-05-22 09:24:19
@article{5d4ca20d-e681-4b4d-8482-302ea2649673,
  abstract     = {{This paper explores the evolution of Swedish stabilisation policies through six policy regimes between 1873 and 2019. We focus on discretionary policy decisions by estimating policy shocks using a SVAR model. Through these shocks, we explore how stabilisation policies have evolved over time and how policymakers responded to key economic events such as financial crises and wars. Our results show three key results (i) policies are often a source of destabilisation rather than stabilisation, (ii) regimes are designed for a specific time and ends when economic circumstances change, and (iii) fixed exchange rates worsen the economic effects of financial crises.}},
  author       = {{Andersson, Fredrik N G}},
  issn         = {{1750-2837}},
  keywords     = {{monetary policy; Fiscal Policy; policy shocks; Sweden; stabilization policy; Financial crisis; stabilization policy; monetary policy; fiscal policy; inflation; recession; financial crisis; Sweden; E42; E43; E52; E58; E62; E65}},
  language     = {{eng}},
  month        = {{05}},
  number       = {{2}},
  pages        = {{128--156}},
  publisher    = {{Routledge}},
  series       = {{Scandinavian Economic History Review}},
  title        = {{The Quest for Economic Stability: A Study on Swedish Stabilization Policies 1873-2019}},
  url          = {{http://dx.doi.org/10.1080/03585522.2021.1984300}},
  doi          = {{10.1080/03585522.2021.1984300}},
  volume       = {{71}},
  year         = {{2023}},
}