Case | HBS Case Collection | December 2003 (Revised April 2005)

Birth of Modern Macroeconomic Policy, The: Sweden and the Great Depression

by Julio J. Rotemberg and Lisa Lewis

Abstract

By early 1937, a debate over the proper conduct of monetary policy raged in Sweden. Sweden's response to the Great Depression was unique. It had, in particular, embraced a revolutionary goal for monetary policy when it abandoned the gold standard in 1931.

Keywords: History; Money; Policy; Financial Crisis; Macroeconomics; Sweden;

Citation:

Rotemberg, Julio J., and Lisa Lewis. "Birth of Modern Macroeconomic Policy, The: Sweden and the Great Depression." Harvard Business School Case 704-029, December 2003. (Revised April 2005.)