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- Andersson, Fredrik N G, et al.
(författare)
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Preparing for the next crisis: Lessons from the successful Swedish fiscal framework
- 2021
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Ingår i: Public debt sustainability: International perspectives. - 9781666902563 ; , s. 69-101
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Bokkapitel (refereegranskat)abstract
- Ever since the international financial crisis of 2007/08, Sweden stands out as a country with a prudent and sustainable national debt policy. Debt rises during recessions and crises only to fall back during times of growth. A low debt level before a major crisis allows Sweden to increase its public debt and support the economy during a crisis without risking a fiscal crisis. The strength of the Swedish public finances raises three questions: First, what are the determinants behind this strong performance; second, is the framework sustainable for the future; and third, are there any lessons for other countries?
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