SEB: Nordic Outlook: Crucial choices for global economic policy experiments - new stimulus measures despite signs of Swedish overheating
Global financial markets are proving resilient to an environment with a clearly heightened political risk level. Monetary policymakers seem to be benefiting from confidence in their ability to prevent share and bond price declines. But the effectiveness of monetary policy is increasingly being questioned. There have been various growth reversals during the first half of 2016, but more recent economic signals have been predominantly positive. Despite significant domestic policy uncertainty, important emerging market (EM) economies such as Russia and Brazil are now past their worst