Showing 1 - 10 of 63
This paper proposes a simple explanation for the frequent appearance of a price puzzle in VARs designed for monetary policy analysis. It suggests that the best method of solving the puzzle implies a close connection between theory and empirics rather than the introduction of a commodity price....
Persistent link: https://www.econbiz.de/10001600038
Changes in the seasonal patterns of macroeconomic time series may be due to the effects of business cycle fluctuations or to technological and institutional change or both. We examine the relative importance of these two sources of change in seasonality for quarterly industrial production series...
Persistent link: https://www.econbiz.de/10001600051
switching costs, the advertising market, are of approximately equal importance. When Sweden enters a deep recession, we find …
Persistent link: https://www.econbiz.de/10001622430
This paper studies the role of bank notes issued by the private Enskilda banks in the expansion of the Swedish monetary stock under the classic specie standard maintained during the period 1834-1913. The use of balance sheets has made possible the estimation of more accurate and continuous...
Persistent link: https://www.econbiz.de/10001808223
This paper explores how international capital movements affected the domestic money supply. This requires that the causality at work in the adjustment process be analyzed. For this purpose, series of central bank reserves, the monetary base, the money supply and the balance of payments were...
Persistent link: https://www.econbiz.de/10001813559
relationship between innovation and productivity in Finland, Norway and Sweden at the firm level. Although these countries enjoy a …
Persistent link: https://www.econbiz.de/10001600085
-series data for Sweden spanning a long period (1955-99) with numerous changes of the compensation level, we generally find strong …
Persistent link: https://www.econbiz.de/10001600070
Denmark, Norway, Finland, Sweden, Germany and Belgium during 1930-1948, using unique data from the Stockholm Stock Exchange … government bonds. Countries which were occupied (Belgium, Denmark and Norway) or under attack (Finland) saw their debt depreciate …
Persistent link: https://www.econbiz.de/10001638243
it can be used to account for some of the observed differences between Sweden and the US in this respect. Our normative …
Persistent link: https://www.econbiz.de/10002482570
tested by an in-depth examination of the experiences of Sweden and the US. Despite large levels of R&D spending and … comprehensive government support schemes, science-based entrepre-neurship has been far less important in Sweden compared to the US … Sweden in some areas is consistent with these changes. Our analysis suggests that a policy aimed at encouraging science …
Persistent link: https://www.econbiz.de/10001600032