Skingsley at the Riksdag Committee on Finance: Hearing on monetary policy

In her introduction, Deputy Governor Skingsley discussed the distributional effects of recent monetary policy, in light of the debate on the subject.  However, the effects of an expansionary policy are not clear-cut from a distributional perspective. Certain groups have benefited from rising asset prices. At the same time, employment has increased to a historically high level. “The stronger labour market and reduced risk of unemployment play a major role for individuals with a weak connection to the labour market,” Deputy Governor Skingsley said. “Fundamentally, monetary policy is not an