Uploaded January 2026 | Updated September 2026, 2 weeks ago

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Per Åsberg Sommar is a senior advisor in the markets department at the Swedish central bank. In Per's first appearance on the show, he discusses his career as a central banker, the history of the Riksbank, evolutions in inflation targeting at the Riksbank, changes in the Sweden's central banks operating system, its new tool called the Deposit Requirement Facility, and much more.


Check out the transcript (mercatus.org/macro-musings/asberg-sommar-state-riksbank-and-operating-systems-around-world) for this week's episode, now with links.


Recorded on December 12th, 2025


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Timestamps


00:00:00 - Intro


00:02:08 - Per's Career


00:04:02 - Riksbank


00:09:07 - Inflation Targeting at Riksbank


00:11:56 - Riksbank's Operating System


00:15:39 - Certificate of Deposits


00:33:42 - Quantitative Tightening


00:36:42 - The Deposit Requirement Facility


00:45:38 - Other Central Banks and Demand-Driven Systems


00:58:16 - Outro