Riksbank deputy leads defence against Svensson critique
Former board member Lars Svensson criticises ‘counterproductive' policy
Riksbank vice-governor Per Jansson has rebutted criticism levelled by a former executive board member against the bank's ‘leaning against the wind' policy, arguing macro-prudential regulation offers no "quick fix" of financial imbalances and that it would be "very peculiar" to ignore these when setting interest rates.
The comments feature in the latest issue of a Swedish academic publication, released today, which contains several separate responses to arguments by Lars Svensson, who left the
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