“Ingves borde inte ha fått stanna som riksbankschef“, (“Ingves should not have been allowed to stay as Governor,” in Swedish), interview in Dagens Nyheter, October 18, 2017.
Bloomberg interview, April 13, 2016.
“Forecasting errors reveal Swedish Riksbank’s fall from grace,” Bloomberg, March 8, 2015.
Sweden’s central bank has gone from best to worst among its peers at forecasting inflation. Continue reading
Kate Davidson, “How Some Central Banks Are Reviewed Around the World,” Real Time Economics, The Wall Street Journal, February 20, 2015.
Peter Wolodarski, “Time for Stefan Ingves to hand over the baton” (“Dags för Stefan Ingves att lämna över stafettpinnen“, in Swedish), editorial in Dagens Nyheter, Februari 15, 2015.
“Noll ränta räcker inte“, Ekonominyheter från Ekot, Sveriges Radio (“Zero interest rate is not enough,” Radio Sweden’s Economy News (in Swedish)), December 30, 2014.
The Big Read in Financial Times, November 20, 2014: Sveden’s central bank – Stockholm syndrome
Interview in Svenska Dagbladet, November 11, 2014: “Sänk räntan till minus” (“Set the policy rate negative, in Swedish)
Interview in Svenska Dagbladet, November 11, 2010: “Jonung har helt enkelt fel i praktiskt taget allt han säger” (“Jonung is simply wrong in practically all he is saying,” in Swedish)
Bloomberg, October 31, 2014: “Central Banker Hero Becomes Face of Failure in Swedish Tale“
Editorial in Financial Times, October 30, 2014.
Bloomberg, October 29, 2014: “How Sweden Joined Central Banking’s Hall of Shame.”
New interview in Bloomberg: “Riksbanker who left in protest says untried steps only hope,” October 27, 2014.
“Riksbanken kan inte upprätthålla finansiell stabilitet genom att debattera” (in Swedish), 2nd reply to Carl B. Hamilton on di.se, the website of Dagens Industri. Also on Ekonomistas (in Swedish, with links).
Carl B. Hamilton seems to think that the Riksbank by op-eds, analyses and discussions in the new Financial Stability Council has sufficient instruments to affect financial stability to warrant financial stability as an objective. But the Council is only a forum for discussions and cannot make decisions. Since the Riksbank has no decision power over micro- and macroprudential instruments (that power is with Finansinspektionen, the Swedish FSA), the Riksbank cannot be accountable for financial stability and not have financial stability as an objective. Continue reading