Friday, April 17, 2015

Selling in Swedish politics at IMF meeting – Swedish newspaper Svenska Dagbladet

Sluggish global growth, poor productivity, aging populations and poorly funded pension and social security systems are just some of the questions weighing on fiscal and monetary policy makers at the IMF meeting in Washington, who started at Friday.

Magdalena Andersson is the premiere of the IMF context. She hopes that Sweden, with its large labor force participation rate well into old age – even for women – can be highlighted as a good example. She will also try to sell the Swedish climate policy.

– We are holding a seminar today about how to reduce carbon emissions, where we’ll tell you about Swedish experiences with kolidioxidbeskattning, she said.

Andersson priority otherwise meetings with the heads of the World Bank and the IMF and a meeting with Stanley Fischer, representatives of the US Federal Reserve (Fed).

The Fed’s tightening measures have over a year ago created substantial capital outflows from emerging countries, leading to currency turmoil and crises in several places.

TT: Does the US responsibility in its role as a world economic leader?

– That I do not intend to evaluate, Andersson says.

– I do believe it will be interesting to hear how they look at labor market developments in the United States. It is very strong and the link between monetary policy and the labor market is very much stronger in the US than it is in Sweden and Europe.

Andersson also hope in discussions on how financial bubbles resulting of zero interest rates and monetary stimulus should be discouraged. The problem is not only Swedish, but large parts of Europe and especially Japan.

– What I see as important is that the government makes it more desirable or possible to invest, so that there will be bubbles without actual real investment in the economy. Both in homes and in private enterprise.

Something crucial if Crisis country Greece’s future financing believe she is not at the weekend, although the issue is expected to characterize the corridor talking after negotiations between Athens and lenders have run fixed.

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