A COMPARATIVE ANALYSIS OF MACROECONOMIC DIVERGENCES BETWEEN NORDIC AND ANGLO-SAXON ECONOMIES

Florin-Laurențiu Nicolae, Adelina Macari and Andreea-Geanina Lazăr
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Florin-Laurențiu Nicolae: Faculty of International Business and Economics, Bucharest University of Economic Studies, Romania
Adelina Macari: Faculty of International Business and Economics, Bucharest University of Economic Studies, Romania
Andreea-Geanina Lazăr: Faculty of International Business and Economics, Bucharest University of Economic Studies, Romania

Studii Financiare (Financial Studies), 2026, vol. 30, issue 1, 68-89

Abstract: This paper analyses the macroeconomic differences between the Nordic countries (Sweden, Denmark, Norway, and Finland) and the Anglo-Saxon countries (USA, UK, Canada, and Australia), focusing on the evolution of GDP, the policy rate, and inflation. Furthermore, financial market performance was assessed through stock market indices for both groups. The study is relevant for understanding the way in which different economic-ideological models influence financial stability and social development, considering the interaction of these economies in the global market. This research aims to compare the economic developments of the two groups of economies during the 2005-2023 period, in order to identify the impact of different economic policies on stability and sustainable growth. The methodology applied involves a comparative analysis of macroeconomic data as well as the real economy, represented by stock market performance. The main research question addressed in the study is: What are the significant differences in macroeconomic performance between the Nordic and Anglo-Saxon economies? Towards the conclusion of the study, differences in the approaches of the two groups of countries will be observable, both during periods of crisis and economic expansion. The analysis of stock market index volatility serves as an indicator of overall economic health, reflecting the prosperity and stability of each country across its key sectors.

Keywords: economic models; macroeconomic indicators; Nordic pattern; Anglo-Saxon pattern; capital markets (search for similar items in EconPapers)
JEL-codes: E32 E44 F41 O57 P51 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:30:y:2026:i:1:p:68-89

DOI: 10.65672/fs.2026.1.4

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