A question about a recipe: Swedish Cinnamon Buns (Kanelbulle)

Live yeast is not the dried kind. You can use the dry version but live yeast I would say is much better. You just need to handle it with care especially when melting it because you could kill it and your dough wouldn't rise. Here in Sweden they are 2 types of yeast too. One kind for Sweet Breads like the buns in this case and another kind for normal breads. Hope that answers your question!!!

In many places it is very hard to find live yeast in mainstream sources, Here's a table to convert to the more commonly available active dry or instant yeast --
http://www.theartisan.net/convert_yeast_two.htm