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The Swedish Monetary System from a Balance Sheet Perspective

Author

Listed:
  • Dirk Ehnts
  • Jussi Ora

Abstract

In this paper, we discuss the balance sheet mechanics of the Swedish government. We examine spending, government bond purchases, and tax payments. As long as the Swedish central bank, which is created through Swedish laws, supports the Swedish central government, it cannot run out of money. The Swedish government therefore plays a large role in the Swedish economy. It can and should target full employment and price stability, bringing to bear its fiscal power.

Suggested Citation

  • Dirk Ehnts & Jussi Ora, 2024. "The Swedish Monetary System from a Balance Sheet Perspective," Economics Working Paper Archive wp_1035, Levy Economics Institute.
    • Handle: RePEc:lev:wrkpap:wp_1035
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    Keywords

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    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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