DID YOU KNOW THAT
Annual inflation
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.
German mark
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 Riksbank
The 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.
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Research news
Summer internship at Sveriges Riksbank for PhD Students
Sveriges Riksbank, the central bank of Sweden, invites applications for our summer program for graduate students. The selected four summer interns will spend a period from mid-June to the end of August 2008 with the Research Division at the Riksbank.
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Research News
Workshop on Household Indebtedness, House Prices and the Economy
Sveriges Riksbank, the Swedish Central Bank, is pleased to announce that it will host a workshop on Household Indebtedness, House Prices and the Economy, 19 - 20 September , 2008
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