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The Swedish model: an alternative to macroeconomic policy

Author

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  • Alexandre Guedes Viana
  • Patrícia Helena F. Cunha

Abstract

This paper describes the main details of the Swedish economic model, which began to be structured on the 1930’s and achieved its consolidation on the 1950’s. The Swedish Model is characterized by a macroeconomic policy which provides price stability, fiscal results for ive industrial policies and social active policies, the latter being recognized as a wide universal welfare state. This combination, which contradicts the traditional economic prescriptions, has been successful given the country was agrarian and underdeveloped until the beginning of 20th century and achieved a high social-economic development level on the 1970’s. Afterwards, we present the Swedish experiment as an alternative to macroeconomic management, especially due to its uniqueness. JEL Classification: E61; J58.

Suggested Citation

  • Alexandre Guedes Viana & Patrícia Helena F. Cunha, 2016. "The Swedish model: an alternative to macroeconomic policy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 36(2), pages 266-285.
    • Handle: RePEc:ekm:repojs:v:36:y:2016:i:2:p:266-285:id:182
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    More about this item

    Keywords

    Swedish model; state; macroeconomic policy;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • J58 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Public Policy

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