Showing 1 - 10 of 104
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the ""quantity"", ""international comovement"",...
Persistent link: https://www.econbiz.de/10014397271
This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that neglecting heterogeneity and dynamics can lead to misleading...
Persistent link: https://www.econbiz.de/10014400163
This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and capacity utilization. We apply the model to 10 countries, in addition to the United States and the euro area. While there is a substantial amount of uncertainty around our estimates,...
Persistent link: https://www.econbiz.de/10014403161
This 2006 Article IV Consultation highlights that a broad-based economic upturn is under way in Sweden, spurred by …
Persistent link: https://www.econbiz.de/10014405925
In Sweden, the authorities have indicated that their medium-term fiscal strategy is based on restraining expenditures …
Persistent link: https://www.econbiz.de/10014410949
This Selected Issues paper on Sweden analyzes possible adjustments to the fiscal framework that the authorities may … wish to consider. The paper starts with a brief description of Sweden’s fiscal framework, followed by an assessment of the … framework’s strengths and weaknesses. The scope for stabilization policy in Sweden is analyzed. The paper describes the …
Persistent link: https://www.econbiz.de/10014406368
weakness led to slower growth of Sweden in 2001. Private consumption stagnated despite rising disposable income, owing to …
Persistent link: https://www.econbiz.de/10014406369
This Selected Issues paper on Sweden reviews economic developments in Sweden during 1994–98. In 1994, the general …
Persistent link: https://www.econbiz.de/10014397274
This paper discusses key findings of the Detailed Assessment of Observance of Standards and Codes in Sweden. The … assessment reveals that the laws and regulations on banking activities and their supervision are in place in Sweden. The …
Persistent link: https://www.econbiz.de/10014403445
This Selected Issues paper on Sweden examines developments in the government structural balance. The paper identifies …
Persistent link: https://www.econbiz.de/10014397306