Cecilia Skingsley: Thoughts on technology and the economy

Speech by Ms Cecilia Skingsley, Deputy Governor of the Sveriges Riksbank, at Handelsbanken, Södertälje, 26 March 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Accompanying slides.

Thank you for your invitation to visit Södertälje. Many people come here to spend hours playing with their children at the science museum Tom Tits Experiment, which can be found here in town. This is a place where you can experiment with the laws of physics, puzzle over medical phenomena and observe chemical effects. I dare say that many of today's and tomorrow's Swedish scientists had their first insights into science there.

My speech today does not deal with scientific laws but with how important technological advances are redesigning the playing field for the economy and thus the way in which economic policy is conducted. I will also discuss how the Riksbank assesses the current economic situation and its forecasts for the years ahead. Finally, I will describe how monetary policy can facilitate economic development in Sweden.