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Autor:innen: 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Working Paper No. 2014:26
Verlag: 
Lund University, School of Economics and Management, Department of Economics, Lund
Zusammenfassung: 
This paper explores the evolution of Swedish fiscal policy from one extreme approach to another one in less than four decades. After the demise of the Bretton Woods-system in the early 1970s, Swedish fiscal policy was based on a Keynesian approach with the goal to stabilize the business cycle and maintain full employment using a large set of instruments in a discretionary manner. In the wake of the deep financial crisis in the early 1990s, this policy paradigm was eventually replaced by a rule-bound scheme. A fiscal framework was set-up as an instrument to rein in public finances. The present goal of fiscal policy is to maintain sustainable public finances while avoiding discretionary measures.
Schlagwörter: 
Fiscal rules
fiscal policy council
fiscal policy
policy learning
Sweden
JEL: 
E52
E62
E63
E65
F44
H62
O52
Dokumentart: 
Working Paper

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