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There is a widespread perception that trust and social capital have declined in United States as well as other advanced economies, while income inequality has tended to increase. While previous research has noted that measured trust declines as individuals become less similar to one another,...
Persistent link: https://www.econbiz.de/10011715324
Countries where social and political institutions stimulate interpersonal trust, civic cooperation, and social cohesiveness tend to have more efficient governments, better governance systems, and faster growth. This paper provides cross-country evidence, based on a sample of developing and...
Persistent link: https://www.econbiz.de/10014399798
Social capital is an instantiated informal norm that promotes cooperation between individuals. In the economic sphere it reduces transaction costs, and in the political sphere it promotes the kind of associational life that is necessary for the success of limited government and modern democracy....
Persistent link: https://www.econbiz.de/10014399926
and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United …
Persistent link: https://www.econbiz.de/10014400687
Persistent link: https://www.econbiz.de/10009424697
Sweden is experiencing double-digit housing price gains alongside rising household debt. A common interpretation is …
Persistent link: https://www.econbiz.de/10011445591
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
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
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
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