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Foreign Direct Investment and Politics: The Swedish Model

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1995

Sweden is home to a remarkably large number of prosperous multinationals. We argue that this is partly the result of … regulations and controls have facilitated investment abroad by Swedish firms, while impeding foreign direct investment in Sweden … investment abroad, but opposed foreign investment in Sweden. This paper outlines the development of Swedish foreign investment …

Persistent link: https://www.econbiz.de/10005123621

Home Country Effects of Foreign Direct Investment: Evidence from Sweden

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1994

This paper examines two broad issues related to foreign investment by Swedish multinational corporations (MNCs): first, the effects of outward foreign direct investment on domestic investment, exports and employment, and second, the effects on the domestic economy from the increasing division of...

Persistent link: https://www.econbiz.de/10005666957

The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies

Artis, Michael J; Ehrmann, Michael - C.E.P.R. Discussion Papers - 2000

The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a … another: monetary union appears easy to recommend for Sweden and Denmark, much less so for Canada and the UK. …

Persistent link: https://www.econbiz.de/10005789208

Wage Structure and Public Sector Employment: Sweden versus the United States 1970-2002

Domeij, David; Ljungqvist, Lars - C.E.P.R. Discussion Papers - 2006

private sector employment. Our analysis suggests that the dramatic decline of the skill premium in Sweden is the result of an …

Persistent link: https://www.econbiz.de/10005661889

How Large Are the Effects of Tax Changes?

Favero, Carlo A.; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2009

We use the time series of shifts in U.S. Federal tax liabilities constructed by Romer and Romer to estimate tax multipliers. Differently from the single-equation approach adopted by Romer and Romer, our estimation strategy (a Var that includes output, government spending and revenues, inflation...

Persistent link: https://www.econbiz.de/10005082536

Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy

Favero, Carlo A.; Giavazzi, Francesco; Perego, Jacopo - C.E.P.R. Discussion Papers - 2011

This paper shows how the richer frequency and variety of fiscal policy shocks available in an international sample can be analyzed recognizing the heterogeneity that exists across different countries. The main conclusion of our empirical analysis is that the question 'what is the fiscal policy...

Persistent link: https://www.econbiz.de/10009201121

Debt-sensitive Majority Rules

Becker, Johannes Gerd; Gersbach, Hans; Grimm, Oliver - C.E.P.R. Discussion Papers - 2010

We examine debt-sensitive majority rules. According to such a rule, the higher a planned public debt, the higher the parliamentary majority required to approve it. In a two-period model we compare debt-sensitive majority rules with the simple majority rule when individuals differ regarding their...

Persistent link: https://www.econbiz.de/10008468567

Reconciling VAR-based and Narrative Measures of the Tax-Multiplier

Favero, Carlo A.; Giavazzi, Francesco - C.E.P.R. Discussion Papers - 2010

The currently available empirical evidence shows remarkable differences between various estimates of the effects on U.S. output of an exogenous shift in Federal tax liabilities. Shocks identified via the narrative method imply a multiplier of about three over an horizon of three years. Tax...

Persistent link: https://www.econbiz.de/10008468626

Long-Term Public Debt and the Fiscal Theory of the Price Level

Bloise, Gaetano; Reichlin, Pietro - C.E.P.R. Discussion Papers - 2006

The fiscal theory of the price level asserts that the price level is determined by the ratio of outstanding public nominal debt into the present value of real primary budget surpluses of the government. We here argue that the logic of the fiscal theory fails when at least part of the public debt...

Persistent link: https://www.econbiz.de/10005123617

Public Debt in the USA: How Much, How Bad and Who Pays?

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1993

In terms of the ratio of its public debt and public deficit to GDP the United States lies in the middle of the pack of industrial countries. The period since 1980 is the only peacetime period outside the Great Depression to see a sustained increase in the debt-GDP ratio. The budgetary...

Persistent link: https://www.econbiz.de/10005123675