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Sweden's approach to monetary policy

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  • Jane Sneddon Little

Abstract

The Sveriges Riksbank, the Swedish central bank, is an authority under the Riksdag (parliament) with responsibility for monetary policy. Its objectives are to maintain price stability and to promote a safe and efficient payment system. With the advent of the new regime, which went into effect in January 1999, the Riksdag appoints the Riksbank's Governing Council, which, in turn, appoints its Executive Board, including its Chairman, who serves as Governor of the Riksbank. A member of the Executive Board may not be a member of the Riksdag, a government minister, or an employee of the Government Office. Further, Executive Board members may not take or seek instructions with regard to monetary policy. Thus, the Executive Board has instrument, but not goal, independence.

Suggested Citation

  • Jane Sneddon Little, 2002. "Sweden's approach to monetary policy," New England Economic Review, Federal Reserve Bank of Boston, issue Q 2, pages 51-55.
  • Handle: RePEc:fip:fedbne:y:2002:i:q2:p:51-55
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    References listed on IDEAS

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    1. Paul Mylonas & Sebastian Schich & Thorsteinn Thorgeirsson & Gert Wehinger, 2000. "New Issues in Public Debt Management: Government Surpluses in Several OECD Countries, the Common Currency in Europe and Rapidly Rising Debt in Japan," OECD Economics Department Working Papers 239, OECD Publishing.
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