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De kort- och långsiktiga konsekvenserna av den kortsiktiga coronapolitiken

Solberg, Anton LU and Lövgren, Filippa (2021) NEKH02 20202
Department of Economics
Abstract (Swedish)
This paper analyses the Swedish government and the Swedish central bank's measures during
the coronavirus pandemic and their effects on the economy in the short run and potential long
run effects. By comparing the covid-19 pandemic with the Swedish crisis in the 1990s, and the
financial crisis 2008-2009, differences and similarities are combined with previous studies to
analyze what effect these measures have on: the number of bankruptcies, unemployment,
change in USD/SEK, governments savings ratio, exploitation of the central bank's measures,
and the household debt ratio. The results show that the measures have been successful in
impending reduction in the short-term demand, hampering an increase in bankruptcies and
flattening the... (More)
This paper analyses the Swedish government and the Swedish central bank's measures during
the coronavirus pandemic and their effects on the economy in the short run and potential long
run effects. By comparing the covid-19 pandemic with the Swedish crisis in the 1990s, and the
financial crisis 2008-2009, differences and similarities are combined with previous studies to
analyze what effect these measures have on: the number of bankruptcies, unemployment,
change in USD/SEK, governments savings ratio, exploitation of the central bank's measures,
and the household debt ratio. The results show that the measures have been successful in
impending reduction in the short-term demand, hampering an increase in bankruptcies and
flattening the rising unemployment. In the long-term, the companies’ avoidance of bankruptcy
results in a strong capital stock which may be good for the long-term economic growth. At the
same time, “zombie companies” and moral hazard may likely increase due to subsidies. Also,
an increase in the household debt-ratio, as a result of the low-interest rate and removal of the
amortization requirements, could result in a new crisis down the road. This, combined with a
stronger Swedish krona, may slow down the economic recovery. However, due to the
uncertainty of the duration of the pandemic and how the virus may develop, the precision of
the long-term estimates might be low. (Less)
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author
Solberg, Anton LU and Lövgren, Filippa
supervisor
organization
course
NEKH02 20202
year
type
M2 - Bachelor Degree
subject
keywords
corona, makroekonomi, tillväxt, kris, krisåtgärd
language
Swedish
id
9036402
date added to LUP
2021-03-11 11:53:10
date last changed
2021-03-11 11:53:10
@misc{9036402,
  abstract     = {This paper analyses the Swedish government and the Swedish central bank's measures during
the coronavirus pandemic and their effects on the economy in the short run and potential long
run effects. By comparing the covid-19 pandemic with the Swedish crisis in the 1990s, and the
financial crisis 2008-2009, differences and similarities are combined with previous studies to
analyze what effect these measures have on: the number of bankruptcies, unemployment,
change in USD/SEK, governments savings ratio, exploitation of the central bank's measures,
and the household debt ratio. The results show that the measures have been successful in
impending reduction in the short-term demand, hampering an increase in bankruptcies and
flattening the rising unemployment. In the long-term, the companies’ avoidance of bankruptcy
results in a strong capital stock which may be good for the long-term economic growth. At the
same time, “zombie companies” and moral hazard may likely increase due to subsidies. Also,
an increase in the household debt-ratio, as a result of the low-interest rate and removal of the
amortization requirements, could result in a new crisis down the road. This, combined with a
stronger Swedish krona, may slow down the economic recovery. However, due to the
uncertainty of the duration of the pandemic and how the virus may develop, the precision of
the long-term estimates might be low.},
  author       = {Solberg, Anton and Lövgren, Filippa},
  keyword      = {corona,makroekonomi,tillväxt,kris,krisåtgärd},
  language     = {swe},
  note         = {Student Paper},
  title        = {De kort- och långsiktiga konsekvenserna av den kortsiktiga coronapolitiken},
  year         = {2021},
}