Sweden: 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden.

July 19, 2010

Preview Citation

Format: Chicago

Sweden: 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden., (USA: International Monetary Fund, 2010) accessed December 22, 2024

Summary

Sweden was among the first to falter in the great recession. The downturn was mitigated by aggressive stabilization policies, led by a sharp relaxation of monetary policy, a slew of emergency financial sector support measures, and actions raising bank capital. The policy actions taken were effective because they occurred against the background of Sweden’s credible inflation targeting, freely floating exchange rate, and budgetary frameworks. The intention to keep policies supportive are appropriate. Fiscal policy anchors this effort, and the monetary stance is highly accommodative.

Subject: Banking, Credit, Expenditure, Fiscal policy, Money, Output gap, Production, Public debt

Keywords: Baltics, Consultation discussion, Consumer durables, CR, Credit, Europe, Global, Inflation expectation, ISCR, Labor market prospect, Output gap, Staff appraisal, Staff projection

Publication Details

Pages:

115
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/220
Stock No:

1SWEEA2010002
ISBN:

9781455204601
ISSN:

1934-7685

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