For the first time in the history of humankind, we have a new form of money: digital money. This type of ‘creative destruction’ does not have a single issuer, and it is not the liability of any single entity. Rather, it can appear in multiple databases at the same time. It cannot be changed except through defined updating protocols.
As a result of these and other factors, forecasts indicate that inflation will be around 1.5% in 2000 and around 2% in 2001. As concerns fiscal policies, Sweden achieved a fiscal surplus of 1.9% of GDP in 1999, thereby meeting the 3% reference value, and the outlook is for a surplus of 2.4% of GDP in 2000.