Kvantitativa lättnaders påverkan på den svenska ekonomin

Abstract

The purpose of this study is to examine the economies of Japan, the United States and the United Kingdoms, where the central banks have adopted the use of an unconventional monetary policy known as quantitative easing. By studying money supply, GDP growth, inflation and the price of these countries' currencies relative to ten other currencies this essay wants to evaluate if the Riksbank, with the help of quantitative easing, can increase inflation and what might happen with aggregate demand and the value of the krona. The results show that inflation and GDP growth had an upward trend during periods of quantitative easing. The results also show that Britain's currency depreciated against all the currencies in this study and the Japanese currency depreciated against the half of the currencies. However, this study could not observe any correlation between quantitative easing in the United States and a depreciated dollar. This study has reached the conclusion that the Riksbank's use of quantitative easing should create a positive trend for both inflation and aggregate demand and that the krona should depreciate.Validerat; 20150617 (global_studentproject_submitter