Heikensten on the Riksbank & stabilisation policy

In the speech 'The Riksbank and stabilisation policy' given on 24 May, Lars Heikensten of the Sveriges Riksbank said stabilisation policy is important, but one should not overestimate what it can achieve.

"Other economic policy measures are much more important to long-term growth in prosperity. A smoother adjustment process when the economy suffers shocks could benefit employment more than an active stabilisation policy. The allocation of roles between fiscal policy and monetary policy with

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