The Swedish Monetary System from a Balance Sheet Perspective

Dirk Ehnts and Jussi Ora

Economics Working Paper Archive from Levy Economics Institute

Abstract: In this paper, we discuss the balance sheet mechanics of the Swedish government. We examine spending, government bond purchases, and tax payments. As long as the Swedish central bank, which is created through Swedish laws, supports the Swedish central government, it cannot run out of money. The Swedish government therefore plays a large role in the Swedish economy. It can and should target full employment and price stability, bringing to bear its fiscal power.

Keywords: Riksbank; Swedish crowns; public finance; money creation (search for similar items in EconPapers)
JEL-codes: B52 E12 E62 (search for similar items in EconPapers)
Date: 2024-01
New Economics Papers: this item is included in nep-acc, nep-cba, nep-hme, nep-mon and nep-pke
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