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BOOKSSTABILIZATION AND CRISISMONETARY UNIONS EXPECTATIONSKNUT WICKSELL CV + SHORT BIOLINKS


Stabilization And Crisis

 

A major part of my research is concerned with Swedish stabilization policy.
Here I have dealt with the Swedish record of monetary and fiscal policies
going back in time. My papers in English -published and unpublished - are
organized below according to the time periods covered. See also under
Monetary Unions, Expectations and Knut Wicksell. See also contributions in
Swedish under the heading "Stabiliseringspolitik".

I have dealt with the Swedish stabilization record in various books
including The Political Economy of Price Controls. The Swedish Experience
1970-1985, Gower, 1990.

1. THE LONG RUN PICTURE

"Inflation and Switches between Specie and Paper Standards in Sweden 1668-1931: A Public Finance Interpretation", (with Klas Fregert), Scottish Journal of Political Economy, vol,. 43, no 4, p 444-67, September 1996.

"Money and Prices in Sweden 1732-1972", in G. Zis and M.Parkin, eds., World Inflation, Manchester University Press, 1976. Revised version i Scandinavian Journal of Economics, 1, 1976.

 

2. THE GOLD STANDARD AND OTHER MONETARY ARRANGEMENTS PRIOR TO WORLD WAR I

"Swedish Experience under the Classical Gold Standard 1873-1913", in M.D. Bordo and A. Schwartz, eds., The Classical Gold Standard in Retrospective. University of Chicago Press/National Bureau of Economic Research, 1984.

"The Economics of Private Money. The Experience of Private Bank Notes in Sweden 1831-1902" (working paper Stockholm School of Economics, 1988)

"The Rise and Fall of the Scandinavian Currency Union 1873-1920," (with Michael Bergman and Stefan Gerlach). European Economic Review, vol. 37, p. 507-517, 1993.

"Monetization and the Behavior of Velocity in Sweden, 1871-1913", Explorations in Economic History, 1983, vol. 20. p. 418-439.

 

3. WARTIME AND DEPRESSION POLICIES

"The formation, perceptions and effects of economic policy in the deflations of 1921-23 and 1931-33 in Sweden.'' (with Klas Fregert). Paper presented at the Claremont Conference on Deflation, April 26-28, 2001, California. Forthcoming in 2004 in a conference volume edited by Pierre Siklos.

"Off gold and back again. Finnish and Swedish monetary policies 1914-1924", (with Tarmo Haavisto), from C. Feinstein, ed., Banking, Currency and Finance in Europe between the Wars, Oxford: Oxford University Press, 1995.

"Knut Wicksell's Norm of Price Stabilization and Swedish Monetary Policy in the 1930s", Journal of Monetary Economics, no 4, 1979.

"Pioneering Price Level Targeting: the Swedish experience 1931-37", (with Claes Berg), Journal of Monetary Economics, no 2, 1999.

"The Depression in Sweden and the United States - A Comparison of Causes and Policies", chapter 16, p. 286-315 in Karl Brunner, ed., The Great Depression Revisited, Martinus - Nijhoff, Boston, 1981.

"Cassel, Davidson and Heckscher on Swedish Monetary Policy. A Confidential Report to the Riksbank in l93l", Economy and History 2, 1979.

 

4. THE BRETTON WOODS PERIOD

"Monetary Policy-Making in a Financially Regulated Economy: the Case of Sweden during the Bretton Woods System". (Translation of Chapter 14 of Lars Werin, ed. Från räntereglering till inflationsnorm, 1993. This volume is a history of the Riksbank and the Swedish financial system 1945-90, commissioned by the Riksbank.)

"Who influenced the Riksbank?", (Translation of Chapter 15 of Lars Werin, ed. Från räntereglering till inflationsnorm, 1993. This volume is a history of the Riksbank and the Swedish financial system 1945-90, commissioned by the Riksbank.)

"Price Control Policy in Sweden During the 1970s", chapter 18 in Hugh Rockoff, ed., Price Controls, Elgar Reference Collection, Edward Elgar,1992.

 

5. DEREGULATION, INFLATION TARGETING AND THE EURO

"The Rise and Fall of Credit Controls: the Case of Sweden 1939-89. Chapter 11 in Michael D. Bordo and Forrest Capie, eds., Monetary Regimes in transition, Cambridge University Press, 1993.

"The great regime shift. Asset markets and economic activity in Sweden, 1985-93", (with Joakim Stymne). Chapter 1 in F. Capie and G. Wood, eds., Asset Prices and the Real Economy, Macmillan, London, 1997.

"The period 1985-1995. Boom and bust. The anatomy of the Swedish financial crises. (Translated from chapter 9 in Med backspegeln som kompass.The years 1985-1995. Deregulation, overheating, financial crisis and inflation target, 1999.

"To be or not to be in the euro? The benefits and costs of monetary unification as perceived by voters in the Swedish euro referendum 2003." Working paper DG ECFIN, May, 2004.

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