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Labor market informality and the business cycle
Lambert, Frederic; Pescatori, Andrea; Toscani, Frederik - 2020
Labor market informality is a pervasive feature of most developing economies. Motivated by the empirical regularity that the labor informality rate falls with GDP per capita, both at business cycle frequency and in a cross-section of countries, and that the Okun's coefficient falls with the...
Persistent link: https://www.econbiz.de/10012392626
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Clarity of central bank communication about inflation
Bulíř, Aleš; Čihák, Martin; Jansen, David-Jan - 2012
Persistent link: https://www.econbiz.de/10009424697
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Housing price and household debt interactions in Sweden
Turk, Rima A. - 2015
Sweden is experiencing double-digit housing price gains alongside rising household debt. A common interpretation is …
Persistent link: https://www.econbiz.de/10011445591
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Fiscal consolidation during times of high unemployment : the role of productivity gains and wage restraint
Lama C., Ruy; Medina, Juan Pablo - 2015
This paper studies the Swedish fiscal consolidation episode of the 1990s through the lens of a small open economy model with distortionary taxation and unemployment. We argue that the simultaneous reduction in the fiscal deficit and unemployment rate in this episode stems from two factors: (i)...
Persistent link: https://www.econbiz.de/10011445838
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Environmental tax reform : principles from theory and practice to date
Heine, Dirk; Nørregaard, John; Parry, Ian W. H. - 2012
energy/environmental tax systems in Germany, Sweden, Turkey, and Vietnam suggests that there is substantial scope for policy …
Persistent link: https://www.econbiz.de/10012694116
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Negative interest rates : how big a challenge for large Danish and Swedish banks?
Turk Ariss, Rima - 2016
Negative policy interest rates have prevailed for some years in Denmark and are a more recent development in Sweden …
Persistent link: https://www.econbiz.de/10011715468
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What are the economic effects of pandemic containment policies? : evidence from Sweden
Bricco, Jana; Misch, Florian; Solovʹeva, Aleksandra S. - 2020
This paper examines the economic effects of policies to contain Covid-19, by extracting lessons from Sweden …'s experience during the 'Great Lockdown'. Sweden's approach was less stringent and based more on social responsibility than legal … obligations compared to European peers. First, we provide an account of Sweden's strategy and the health outcomes. Second, drawing …
Persistent link: https://www.econbiz.de/10012302076
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Productivity growth and value chains in four European countries
Karpowicz, Izabela; Suphaphiphat, Nujin - 2020
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study the determinants of productivity slowdown over the past two decades in four...
Persistent link: https://www.econbiz.de/10012170132
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Quantitative easing and long-term yields in small open economies
Díez de los Ríos, Antonio; Shamloo, Maral - 2017
We compare the effectiveness of Federal Reserve's asset purchase programs in lowering longterm yields with that of similar programs implemented by the Bank of England, the Swedish Riksbank, and the Swiss National Bank's reserve expansion program. We decompose government bond yields into (i) an...
Persistent link: https://www.econbiz.de/10011748716
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State-owned enterprises in emerging Europe : the good, the bad, and the ugly
Böwer, Uwe - 2017
, as well as Sweden as a benchmark. Profitability and efficiency of resource allocation of SOEs lag those of private firms …
Persistent link: https://www.econbiz.de/10011748785