Showing 1 - 10 of 7,534
Persistent link: https://www.econbiz.de/10001601904
We examine the cash-flow channel of monetary policy, i.e. the effect of monetary policy on spending when households hold debt linked to short-term rates such as adjustable rate mortgages (ARMs). Using registry-based data on Swedish households, we estimate substantial heterogeneity in consumption...
Persistent link: https://www.econbiz.de/10012969777
rate policy of five inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom …
Persistent link: https://www.econbiz.de/10013519349
This paper reconsiders the role of monetary policy in Sweden's strong recovery from the Great Depression. The Riksbank …, our findings suggest that Sweden avoided the worst excesses of the depression by conducting conservative rather than … innovative monetary policy. We find that, by keeping the Swedish krona undervalued to replenish foreign reserves, Sweden …
Persistent link: https://www.econbiz.de/10013091832
This paper evaluates the macroeconomic effects of foreign and domestic central bank government bond purchases on the Swedish economy before and during the Corona pandemic using a small open economy DSGE model with segmented asset markets. In this model, the effects of foreign and domestic...
Persistent link: https://www.econbiz.de/10014232954
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, and Sveriges Riksbank using the Flesch-Kincaid grade level, a standard readability...
Persistent link: https://www.econbiz.de/10014411635
, Sweden, served as an outlier. It restricted the spread of the virus primarily through voluntary measures rather than strict … lockdowns. In this study, we compare the health and economic outcomes in Sweden with those of comparable Western European …, Sweden managed to combine one of the lowest excess death rates with relatively small economic costs. Furthermore, Sweden …
Persistent link: https://www.econbiz.de/10014390569
macroeconomic effects of monetary policy shocks in Sweden. A temporary, unexpected policy rate tightening induces an immediate and …
Persistent link: https://www.econbiz.de/10015163678
This paper reconsiders the role of monetary policy in Sweden's strong recovery from the Great Depression. The Riksbank …, our findings suggest that Sweden avoided the worst excesses of the depression by conducting conservative rather than … innovative monetary policy. We find that, by keeping the Swedish krona undervalued to replenish foreign reserves, Sweden …
Persistent link: https://www.econbiz.de/10013112596
Persistent link: https://www.econbiz.de/10003930031