The Sveriges Riksbank (a.k.a. Riksbanken), the Swedish central bank, tried an innovation in monetary policy two years ago in July 2009 when it set the official deposit rate at a negative interest rate of -.25%. The objective was to stimulate and motivate banks to lend their "excess" reserves to businesses and households and to therefore … Continue reading Innovation in Monetary Policy in Sweden Works: Negative Interest Rates
Many people commonly assume that Nordic countries (Sweden, Denmark, Norway, Finland) spend a lot of money on extensive welfare-state systems, while the U.S. has a more "market-driven" system that economizes by not "wasting" money on welfare. Like many assumptions, this one fails the fact-test. Turns out the U.S. spends as much Denmark and Sweden, but … Continue reading Social Spending and Poverty – U.S Compared to Denmark & Sweden
Sweden Says No to Saving Saab via Sweden Says No to Saving Saab - NYTimes.com. Despite it's reputation for being "socialist", Sweden decides that failed businesses, even when large employers, don't always need to be rescued -- at least not if it leaves it in private hands.