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Lars Jonung. Photo.

Lars Jonung

Professor emeritus

Lars Jonung. Photo.

Cassel, Davidson and Heckscher on swedish monetary policy : A confidential report to the riksbank in 1931

Author

  • Lars Jonung

Summary, in English

When Sweden was forced to leave the gold standard in September 1931—one week after the Bank of England had taken the same step—the Swedish authorities declared that the aim of Swedish monetary policy should be to stabilize the internal purchasing power of the krona. that is, a price stabilization norm was adopted by the Government as the guide for the Riksbank. The Riksbank, left with the task of implementing this policy, turned to three renowned economists for advice, Gustav Cassel, David Davidson and Eli Heckscher. Their recommendations concerning the proper aims and means for Swedish monetary policy, given in three separate reports at the end of October 1931, have thus far remained classified documents, kept in the archives of the Riksbank.

Department/s

  • Department of Economics

Publishing year

1979

Language

English

Pages

85-101

Publication/Series

Scandinavian Economic History Review

Volume

22

Issue

2

Document type

Journal article

Publisher

Routledge

Topic

  • Economic History

Status

Published

ISBN/ISSN/Other

  • ISSN: 1750-2837