This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Why has Swedish Inflation been Persistently Low?

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Felix Hüfner ()

Additional information is available for the following registered author(s):

Abstract

Average inflation in Sweden has been one of the lowest among European countries since the mid- 1990s. Three supply-side factors help to explain this phenomenon, all related in some sense to increased global integration. First, a shift towards imports from low-cost producing countries has resulted in falling import prices. Second, deregulation and increased product market competition with foreign companies entering the market has led to price falls in some sectors, notably in retailing. Third, wage growth has lagged productivity and kept unit labour costs down. This paper reviews these factors and analyzes the policy options for the central bank. This paper relates to the OECD Economic Survey of Sweden 2007 (www.oecd.org/eco/surveys/sweden).

Pourquoi l'inflation suédoise est-elle restée obstinément faible ?
Depuis le milieu des années 90, la Suède affiche un des taux moyens d'inflation les plus faibles d'Europe. Ce phénomène s'explique en partie par trois facteurs relevant de l'offre, tous liés d'une certaine manière à l'intégration croissante de l'économie mondiale. Premièrement, un glissement vers les importations des pays à bas coûts de production s'est traduit par une baisse des prix des importations. Deuxièmement, la déréglementation et le renforcement de la concurrence avec les entreprises étrangères sur les marchés de produits ont entraîné une diminution des prix dans certains secteurs, notamment dans le commerce de détail. Troisièmement, la croissance des salaires a été plus lente que celle de la productivité, ce qui a maintenu les coûts unitaires de main d'oeuvre à un bas niveau. Ce document passe en revue ces facteurs et analyse les options politiques pour la banque centrale. Ce document de travail se rapporte à l’Étude économique de l’OCDE de la Suède 2007 (www.oecd.org/eco/etudes/suede).

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help file. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.sourceoecd.org/10.1787/173338505703
File Format: text/html
File Function:
Download Restriction: no

Publisher Info
Paper provided by OECD Economics Department in its series OECD Economics Department Working Papers with number 560.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length:
Date of creation: 11 Jun 2007
Date of revision:
Handle: RePEc:oec:ecoaaa:560-en

Contact details of provider:
Postal: 2 rue Andre Pascal, 75775 Paris Cedex 16
Email:
Web page: http://www.oecd.org
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: ().

Related research
Keywords: Sweden Suède monetary policy politique monétaire inflation target cible d'inflation inflation inflation core inflation Riksbank Riksbank socle d'inflation

This paper has been announced in the following NEP Reports:

Statistics
Access and download statistics

Did you know? Over 800 institutions contribute their bibliographic data directly to this service.

This page was last updated on 2008-7-21.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.