Why has Swedish Inflation been Persistently Low?:
Average inflation in Sweden has been one of the lowest among European countries since the mid- 1990s. Three supply-side factors help to explain this phenomenon, all related in some sense to increased global integration. First, a shift towards imports from low-cost producing countries has resulted in...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2007
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Average inflation in Sweden has been one of the lowest among European countries since the mid- 1990s. Three supply-side factors help to explain this phenomenon, all related in some sense to increased global integration. First, a shift towards imports from low-cost producing countries has resulted in falling import prices. Second, deregulation and increased product market competition with foreign companies entering the market has led to price falls in some sectors, notably in retailing. Third, wage growth has lagged productivity and kept unit labour costs down. This paper reviews these factors and analyzes the policy options for the central bank. This paper relates to the OECD Economic Survey of Sweden 2007 (www.oecd.org/eco/surveys/sweden) |
| Beschreibung: | 1 Online-Ressource (22 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/173338505703 |
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| spelling | Hüfner, Felix Verfasser aut Why has Swedish Inflation been Persistently Low? Felix Hüfner = Pourquoi l'inflation suédoise est-elle restée obstinément faible ? / Felix Hüfner Pourquoi l'inflation suédoise est-elle restée obstinément faible ? Paris OECD Publishing 2007 1 Online-Ressource (22 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Average inflation in Sweden has been one of the lowest among European countries since the mid- 1990s. Three supply-side factors help to explain this phenomenon, all related in some sense to increased global integration. First, a shift towards imports from low-cost producing countries has resulted in falling import prices. Second, deregulation and increased product market competition with foreign companies entering the market has led to price falls in some sectors, notably in retailing. Third, wage growth has lagged productivity and kept unit labour costs down. This paper reviews these factors and analyzes the policy options for the central bank. This paper relates to the OECD Economic Survey of Sweden 2007 (www.oecd.org/eco/surveys/sweden) Economics Sweden https://doi.org/10.1787/173338505703 Verlag kostenfrei Volltext |
| spellingShingle | Hüfner, Felix Why has Swedish Inflation been Persistently Low? Economics Sweden |
| title | Why has Swedish Inflation been Persistently Low? |
| title_alt | Pourquoi l'inflation suédoise est-elle restée obstinément faible ? |
| title_auth | Why has Swedish Inflation been Persistently Low? |
| title_exact_search | Why has Swedish Inflation been Persistently Low? |
| title_exact_search_txtP | Why has Swedish Inflation been Persistently Low? |
| title_full | Why has Swedish Inflation been Persistently Low? Felix Hüfner = Pourquoi l'inflation suédoise est-elle restée obstinément faible ? / Felix Hüfner |
| title_fullStr | Why has Swedish Inflation been Persistently Low? Felix Hüfner = Pourquoi l'inflation suédoise est-elle restée obstinément faible ? / Felix Hüfner |
| title_full_unstemmed | Why has Swedish Inflation been Persistently Low? Felix Hüfner = Pourquoi l'inflation suédoise est-elle restée obstinément faible ? / Felix Hüfner |
| title_short | Why has Swedish Inflation been Persistently Low? |
| title_sort | why has swedish inflation been persistently low |
| topic | Economics Sweden |
| topic_facet | Economics Sweden |
| url | https://doi.org/10.1787/173338505703 |
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