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Outsourcing Public Services: Ownership, Competition, Quality and Contracting

Andersson, Fredrik N. G.; Jordahl, Henrik - 2011

We survey the literature on the effects of public sector outsourcing. Guided by theory, we systematically arrange services according to the type and magnitude of their contractibility problems. Taken as a whole, the empirical literature indicates that public sector outsourcing generally reduces...

Persistent link: https://www.econbiz.de/10013208581

The Return of the Original Phillips curve? An Assessment of Lars E. O. Svensson's Critique of the Riksbank's Inflation Targeting, 1997-2012

Andersson, Fredrik N. G.; Jonung, Lars - 2015

We assess Lars E O Svensson's prominent critique of the Swedish Riksbank. We reject his two major claims: first that the Riksbank has anchored inflation expectations at the 2 percent inflation target, and second, that the original version of the Phillips curve, based constant inflation...

Persistent link: https://www.econbiz.de/10013208696

How Tolerant Should Inflation-Targeting Central Banks Be? Selecting the Proper Tolerance Band - Lessons from Sweden

Andersson, Fredrik N. G.; Jonung, Lars - 2017

Should an inflation-targeting central bank have an explicit tolerance band around its inflation target? This paper provides an answer derived from the Swedish experience. The Riksbank is exceptional in the sense that it first adopted and later abolished an explicit band and is currently...

Persistent link: https://www.econbiz.de/10013208782

Lessons for Iceland from the Monetary Policy of Sweden

Andersson, Fredrik N. G.; Jonung, Lars - 2018

The purpose of this report is to derive lessons from inflation targeting in Sweden for the choice of the future … integration. In other words, the Riksbank has behaved as if Sweden had a fixed exchange rate to the euro. Our analysis clearly … currency board would provide exchange rate and price stability. A currency board would require domestic reforms to enhance …

Persistent link: https://www.econbiz.de/10013208816

The Swedish Fiscal Framework – The Most Successful One in the EU?

Andersson, Fredrik N. G.; Jonung, Lars - 2019

This paper discusses the history and future of the Swedish fiscal framework. First, we claim that the fiscal framework has contributed to a sharp decline in the debt-to-GDP ratio, from one of the highest to one of the lowest in the European Union. Next, we focus on the future. Despite its...

Persistent link: https://www.econbiz.de/10013208847

The Tyranny of the Tenths. The Rise and Gradual Fall of Forward Guidance in Sweden 2007-2018

Andersson, Fredrik N. G.; Jonung, Lars - 2019

This paper examines the Swedish experience of forward guidance 2007-2018. We focus on three interrelated issues: first, the effects of forward guidance on the discussion within the Board of Directors of the Riksbank, second, on the communication between the Riksbank and the public, and third, on...

Persistent link: https://www.econbiz.de/10013208855

Lessons from the Swedish Experience with Negative Central Bank Rates

Andersson, Fredrik N. G.; Jonung, Lars - 2020

on consumer price inflation due to globalization, but significant effects on the exchange rate and domestic asset prices …

Persistent link: https://www.econbiz.de/10013208878