DID YOU KNOW THAT
During the history of the Riksbank, from 1668 to today, the annual inflation was on average 2.1-2.3 percent (the exact figure depends on how inflation is measured in relation to the monetary disorder during the second half of the 1710s). This can be compared to the present inflation target of the Riksbank at 2.0 percent.
In September 1914 the Riksbank selling rate of one German mark was 89 Swedish öre. One billion German marks in September 1914 could buy one fifth of Sweden’s gross domestic product. The 1st of October 1923, the Riksbank selling rate of a billion German marks was 30 Swedish crowns. A month later the rate was 4 Swedish öre. In September 1924, the rate was below one tenth of an öre. One billion German marks could then only buy half a centilitre of Swedish milk. At the end of 1924 a new German mark was introduced, the Reichsmark, which was set equal to one trillion (one million millions) old marks.
Research at Sveriges RiksbankThe objective of economic research at the Riksbank is to provide a strong conceptual and empirical basis for policy-making. High-quality research is critical to ensure that the Riksbank is well prepared to deal with challenges associated with conducting monetary policy and promoting a safe and efficient payment system. An important task of economic research is to provide models, tools and analyses for the fulfillment of the Riksbank’s responsibilities.READ MORE The Cost of Paying – private and social costs of cash and card paymentsA new working paper from the Riksbank’s research division looks into the costs of making payments. The study focuses on payments at the point-of-sale and estimates the private and social costs of making cash and card payments.READ MORE ABOUT WORKING PAPER NO 212 Workshop on Understanding and Predicting Productivity GrowthOn November 30 - December 1, 2007, the Riksbank will host a research workshop on “Understanding and Predicting Productivity Growth”. The aim of the meeting is to address the following questions: (i) What are the key factors for understanding total factor productivity (TFP) growth at the disaggregate level. Especially, for sectors outside of the production of information and communication technology (ICT). (ii) What are the important determinants for understanding the recent development of aggregate TFP outcomes? (iii) Can we improve forecasts of aggregate TFP growth by using disaggregate data? (iv) What data do we need to deepen our understanding of TFP growth? To address the last question we plan for a panel session on data issues with representatives from statistical agencies as well as academia.THE AIM OF THE MEETING IS TO ADDRESS THE FOLLOWING QUESTIONS: READ MORE