Raising interest rates is like blowing up the garden to weed it — Dirk Ehnts, Sten Grahn, Peo Hansen, Jussi Ora and Patrik Witkowsky

Summary:
The Riksbank (central bank of Sweden) only sets the interest rate. And interest rates have no impact on the energy prices that are driving inflation today. But higher interest rates lead to higher unemployment and lower output – and that can push inflation even higher. But there are other ways to curb inflation, write Dirk Ehnts, Sten Grahn, Peo Hansen, Jussi Ora and Patrik Witkowsky....The Gower Initiative for Modern Money StudiesRaising interest rates is like blowing up the garden to weed itDirk Ehnts, Sten Grahn, Peo Hansen, Jussi Ora and Patrik Witkowsky

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