The figures for other countries are:  In Canada: 28% of the population answer the three questions correctly. The percentage is 23% for youths aged 18-34. Gap 18-34/total: 82%  In The Netherlands: 34% of the population answer the three questions correctly. The percentage is 26% for youths aged 1834. Gap 18-34/total: 76%.  In the United Kingdom: 14% of the population answer the three questions correctly. The percentage is 11% for youths aged 18-34. Gap 18-34/total: 78%. 4  6  In terms of the specific questions, those showing the biggest differences are that on inflation (compared with 58% of correct answers in the total population, 49.5% of individuals aged 18-34 reply correctly) and that on risk diversification (compared with 49% of correct answers in the total population, 43% of individuals aged 18-34 reply correctly). 7 Specifically, individuals are defined as delegating when, in the Survey, they have answered “No” to the following question: "We wish to know whether you are familiar with your household’s finances. We refer not only to whether you are familiar with the household’s properties, financial products and debts, but also the reasons for specific spending and investment decisions.”  5/8  population, 6% of individuals state they are not familiar with their household’s finances, while this figure triples for youths aged 18-35. These results might be influenced by the high percentage of Spanish youths that live with their parents compared with other developed countries.
SPEECH DATE:  17 June 2020  SPEAKER:  Deputy Governor Henry Ohlsson  VENUE:  riksbank.se  SVERIGES RIKSBANK SE-103 37 Stockholm (Brunkebergstorg 11) Tel +46 8 787 00 00 Fax +46 8 21 05 31 registratorn@riksbank.se www.riksbank.se  Monetary policy during the economic crisis* The economic crisis the world economy is now experiencing is the deepest for many decades. Both demand and supply have declined substantially around the world. Economic policy faces major challenges. Sweden, which is a small open economy, has been severely affected by the reduced economic activity in the world around us. Naturally, we have also been affected by how international economic policy to deal with the crisis has been formulated. I will in this speech highlight three challenges that monetary policy has faced during the spring. These challenges have by no means disappeared, we will continue to deal with them. The first challenge has been that the financial markets function less smoothly during severe economic crises. This has been an important base for the Riksbank's monetary policy during the spring. Monetary policy aims to attain the inflation target. A second challenge at present is that the inflation statistics are difficult to interpret. For instance, there are no prices for many goods and services because there is quite simply no economic activity on these markets. Monetary policy must also be forward looking. Under normal circumstances this means that monetary policy is formulated according to forecasts of future economic developments.