寻求经济稳定：瑞典1873-2019年稳定政策研究

IF 0.5 Q4 ECONOMICS

SCANDINAVIAN ECONOMIC HISTORY REVIEW Pub Date : 2021-10-11 DOI:10.1080/03585522.2021.1984300

F. Andersson

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引用次数: 0

摘要

摘要本文通过1873年至2019年的六个政策体系探讨了瑞典稳定政策的演变。我们通过使用SVAR模型估计政策冲击，重点关注可自由支配的政策决策。通过这些冲击，我们探讨了稳定政策是如何随着时间的推移而演变的，以及政策制定者如何应对金融危机和战争等关键经济事件。我们的研究结果显示了三个关键结果：（i）政策往往是不稳定而非稳定的来源；（ii）制度是为特定时间设计的，并在经济环境变化时结束；（iii）固定汇率加剧了金融危机的经济影响。

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The quest for economic stability: a study on Swedish stabilisation policies 1873–2019

ABSTRACT This paper explores the evolution of Swedish stabilisation policies through six policy regimes between 1873 and 2019. We focus on discretionary policy decisions by estimating policy shocks using a SVAR model. Through these shocks, we explore how stabilisation policies have evolved over time and how policymakers responded to key economic events such as financial crises and wars. Our results show three key results (i) policies are often a source of destabilisation rather than stabilisation, (ii) regimes are designed for a specific time and ends when economic circumstances change, and (iii) fixed exchange rates worsen the economic effects of financial crises.

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来源期刊

SCANDINAVIAN ECONOMIC HISTORY REVIEW ECONOMICS-

CiteScore

1.60

自引率

16.70%

发文量

期刊介绍： Scandinavian Economic History Review publishes articles and reviews in the broad field of Nordic economic, business and social history. The journal also publishes contributions from closely related fields, such as history of technology, maritime history and history of economic thought. Articles dealing with theoretical and methodological issues are also included. The editors aim to reflect contemporary research, thinking and debate in these fields, both within Scandinavia and more widely. The journal comprises a broad variety of aspects and approaches to economic and social history, ranging from macro economic history to business history, from quantitative to qualitative studies.