Sweden's Bergstrom on causes of unemployment

Sveriges Riksbank Deputy Governor Villy Bergstrom spoke at a seminar on economics in Stockholm on Wednesday 15 December. He said there is no long-term stable connection between inflation and unemployment. Instead, structural measures are required to reduce unemployment in the long term.

"It is important to focus on the fundamental issues in the debate on employment. Today, open unemployment of 4 per cent, that is, the level the Government has set as its target, is regarded as full employment,

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