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Case
| HBS Case Collection
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2005
(Revised from original 2003 version)
Birth of Modern Macroeconomic Policy, The: Sweden and the Great Depression
by
Julio J. Rotemberg and Lisa Lewis
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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;