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Sweden's fiscal framework and monetary policy

Author: Eric Michael Leeper; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2018.
Series: Working paper series (National Bureau of Economic Research), no. 24743.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Basic economic reasoning tells us that monetary and fiscal policies always interact to jointly determine aggregate demand and the overall level of prices in the economy. This paper interprets Sweden's explicit monetary and fiscal frameworks in light of this reasoning, bringing recent Swedish inflation and interest-rate developments to bear on the interpretations. Theory and evidence raise the question of whether the  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Eric Michael Leeper; National Bureau of Economic Research,
OCLC Number: 1042075473
Notes: "June 2018."
Description: 1 online resource (39 pages) : illustrations
Series Title: Working paper series (National Bureau of Economic Research), no. 24743.
Responsibility: Eric M. Leeper.

Abstract:

Basic economic reasoning tells us that monetary and fiscal policies always interact to jointly determine aggregate demand and the overall level of prices in the economy. This paper interprets Sweden's explicit monetary and fiscal frameworks in light of this reasoning, bringing recent Swedish inflation and interest-rate developments to bear on the interpretations. Theory and evidence raise the question of whether the two policy frameworks are mutually consistent.

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<http:\/\/experiment.worldcat.org\/entity\/work\/data\/5330869477#Topic\/monetary_policy_sweden<\/a>> # Monetary policy--Sweden<\/span>\n\u00A0\u00A0\u00A0\u00A0a \nschema:Intangible<\/a> ;\u00A0\u00A0\u00A0\nschema:name<\/a> \"Monetary policy--Sweden<\/span>\"@en<\/a> ;\u00A0\u00A0\u00A0\u00A0.\n\n\n<\/div>\n
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