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

Fredrik Andersson

No 2020:16, Working Papers from Lund University, Department of Economics

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.

Keywords: monetary policy; fiscal policy; policy shocks; stabilization policies: financial crisis (search for similar items in EconPapers)
JEL-codes: E42 E43 E52 E58 E62 E65 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2020-08-26
New Economics Papers: this item is included in nep-cba, nep-his, nep-hpe, nep-mac and nep-mon
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Journal Article: The quest for economic stability: a study on Swedish stabilisation policies 1873–2019 (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:lunewp:2020_016

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