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Andersen, Torben M. - 2010

Recent debates have suggested that taxation is very detrimental to labour force participation and employment. However, some countries - notably the Scandinavian - stand out as contradictions to this view since they have managed to sustain high labour force participation rate despite high tax...

Persistent link: https://www.econbiz.de/10013142499

Voluntary Public Unemployment Insurance

Parsons, Donald O. - 2015

Denmark has drawn much attention for its active labor market policies, but is almost unique in offering a voluntary …, including adverse selection across risk classes and a substantial charity hazard (low coverage among those with generous …

Persistent link: https://www.econbiz.de/10013028910

The Efficiency of Educational Production : A Comparison of the Nordic Countries with Other OECD Countries

Bogetoft, Peter - 2015

indicator of output quality, Finland is the most efficient Nordic country (often fully efficient), whereas Sweden and especially … Norway and Denmark are clearly inefficient. However, using PISA test scores as indicators of student input quality in upper …

Persistent link: https://www.econbiz.de/10013013696

Overvalued : Swedish Monetary Policy in the 1930s

Rathke, Alexander - 2013

This paper reconsiders the role of monetary policy in Sweden's strong recovery from the Great Depression. The Riksbank …, our findings suggest that Sweden avoided the worst excesses of the depression by conducting conservative rather than … innovative monetary policy. We find that, by keeping the Swedish krona undervalued to replenish foreign reserves, Sweden …

Persistent link: https://www.econbiz.de/10013091832

Exchange Rates Dynamics in a Target Zone - A Heterogeneous Expectations Approach

Bauer, Christian; De Grauwe, Paul; Reitz, Stefan - 2021

The target zone model of Krugman (1991) has failed empirically. In this paper, we develop a model of the exchange rate with heterogeneous agents in a free floating and a target zone regime. We show that this simple model mimics the empirical puzzles of exchange rates: excessive volatility, fat...

Persistent link: https://www.econbiz.de/10013316875

Competitive Devaluations in Commodity-Based Economies : Colombia and the Pacific Alliance Group

Caporale, Guglielmo Maria - 2016

This paper investigates whether there is an S-Curve in Colombia using bilateral and disaggregated quarterly data for the period 1991-2014. More precisely, the short-run effects of a depreciation on the TB are analysed in 27 industries covered by the PAG Free Trade Agreement. The S-Curve found in...

Persistent link: https://www.econbiz.de/10012988896

Debt Financing and Sharp Currency Depreciations : Wholly vs. Partially Owned Multinational Affiliates

Hebous, Shafik; Weichenrieder, Alfons J. - 2021

This paper provides empirical evidence on two potential costs of shared ownership of German affiliates abroad. First, in periods of currency crises, wholly-owned affiliates, in contrast to partially-owned affiliates, seem to circumvent financial constraints by accessing capital from their parent...

Persistent link: https://www.econbiz.de/10013316273

The Scandinavian Model - Prospects and Challenges

Andersen, Torben M. - 2007

Scandinavian countries are often portrayed in policy debates as model examples having shown how to square concerns for efficiency and equity. The core principle of the Scandinavian welfare model is an individual entitlement to public sector provisions combined with collective financing via...

Persistent link: https://www.econbiz.de/10012777727

Real and Nominal Wage Adjustment in Open Economies

Forslund, Anders - 2013

equation on data for aggregate manufacturing wages in Denmark, Finland, Norway, and Sweden from the mid 1960s to the mid 1990s …

Persistent link: https://www.econbiz.de/10012754391

Banking Crisis Resolution Policy - Lessons from Recent Experience - Which Elements are Needed for Robust and Efficient Crisis Resolution?

Mayes, David G. - 2013

The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international efforts to coordinate and converge on such policies, national policy advice and resolution practices differ. The resolution methods adopted in the Nordic banking crises in the...

Persistent link: https://www.econbiz.de/10013095558