Slides for dinner speech at the SNB Research Conference 2014, September 26-27, Swiss National Bank, Zurich.
Monthly Archives: September 2014
Leaning against household debt: The Swedish experience
Slides for dinner speech, “Leaning against household debt: The Swedish experience,” at the Conference on Housing and Monetary Policy, Federal Reserve Bank of San Francisco, September 4-5, 2014.
Crucial factual errors in IMF report on Sweden
[English translation of new Ekonomistas post.]
IMF’s annual so-called Article IV report on Sweden is now available on IMF’s web site. I have previously noted that the IMF mission’s concluding statement in June was partial and biased. The final report continues in the same vein. Given that the report to a large extent deals with household debt, it is particularly remarkable that it contains crucial factual errors about household debt and misleading information about housing prices. It gives the definite impression of having been guided by preconceptions rather than facts and analysis. Continue reading