Should Debt and Housing Market Dynamics Affect Monetary Policy? Lessons from Sweden 1992-2015
In this study, it will be investigated whether housing market dynamics and private indebtedness should be included in the Swedish Riksbank's formulation of monetary policy according to its mission of flexible inflation targeting. A basic model of the supply and demand sides will be chosen. This model includes a representation of the goods market equilibrium, short-run aggregate supply (SRAS) c
