At the beginning of the year a big Thanksgiving was arranged at the exclusive Grand Hôtel in Stockholm. More than 150 people have been invited to end Stefan Engvey’s tenure as head of Riksbank.
In an email to SvD, Riksbank press director Thomas Lundberg described the event as a “unique opportunity”.
The conference gave Riksbank a unique opportunity to bring together senior representatives from the world’s most important central banks and leading academics in the field to discuss central bank independence. declares.
In total, the congress and the party cost taxpayers one million kroner, SvD reports.
Biggest cost: “prerequisite”
The largest cost related to hotels and flights for the six international academics who participated in the conference sessions. The economists’ total expenses were SEK 300,000. At least two of them traveled from the United States and several of them flew business class.
According to the Riksbank, it is customary for central banks to pay travel and hotel expenses when inviting speakers.
“It is a prerequisite for convincing senior academics to participate”states Tomas Lundberg in an email to SvD.
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William Shakespeare is a contributor to Dealmakerz, covering news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on clear, accurate reporting and useful information that helps readers stay informed about current affairs and developments that matter to them. His work highlights relevant stories, emerging trends, and key issues, presenting them in a balanced, accessible, and reader-friendly way.
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