Focus report

In the report, we use a model to simulate future interest rates and inflation starting at the end of 2024. On the basis of the simulations, we calculate cost and risk for different debt portfolios.

The findings, based on existing data, confirm the established conclusion that portfolios with longer maturities involve higher expected cost but also lower risk. The analysis also shows that inflation-linked bonds have both higher cost and risk than nominal bonds.

The authors of "Framework for analysing cost and risk for central government debt" are Petter Dahlström and Dong Zhang.

Read Focus Report number 1 2025

Focus report: Lessons from the banking problems in the US and Switzerland in 2023

Focus Report: The Development of Housing Prices, pdf

The value of an implicit state guarantee for systemic banks

Fokusrapport - Measuring bank resolution costs

Measuring bank resolution costs – a market-based approach