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In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a very large expansions in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the first...
Persistent link: https://www.econbiz.de/10012473537
In 1990, the government of Sweden introduced a major tax reform to take effect in 1991. The Swedish system prior to the … for investment in equipment and find that the responsiveness of Swedish firms to the user cost is quite similar to that … impact of the reform on investment is likely to have been minor and had little to do with the contemporaneous sharp drop in …
Persistent link: https://www.econbiz.de/10012473690
U.S. beef cattle stocks are among the most periodic time-series in economics. A theory of cattle cycles is constructed, based upon rational breeding stock inventory decisions in the presence of gestation and maturation delays between production and consumption. The low fertility rates of cows...
Persistent link: https://www.econbiz.de/10012474548
Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production in that region by affiliates of that parent, given the parent's home production in Japan and the region's size and income level. This relationship is similar to that found for...
Persistent link: https://www.econbiz.de/10012471148
centralized wage setting on the industry distribution of employment. We examine Sweden's industry distribution from 1960 to 1994 … identify the rise and fall of centralized wage-setting arrangements as a major factor in the evolution of Sweden's industry … accounted for about 40 percent of U.S.-Swedish differences in the industry distribution. The dissolution of Sweden's centralized …
Persistent link: https://www.econbiz.de/10012471274
determinant of income for individuals within countries as diverse as Sweden and the United States. At a national level, however … growth among OECD countries. The conclusion comments on policy implications for Sweden based on the human capital literature …
Persistent link: https://www.econbiz.de/10012471598
This paper examines the evidence on technology diffusion through trade in differentiated intermediate goods. Because intermediates are invented through costly research and development (R&D) investments, employing imported intermediates implies an implicit sharing of the technology that was...
Persistent link: https://www.econbiz.de/10012471810
and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal …
Persistent link: https://www.econbiz.de/10012938696
We use population administrative data from Sweden to study adherence to 63 medication-related guidelines. We compare …
Persistent link: https://www.econbiz.de/10012660034
data from Sweden. Combining data from exams taken at military enlistment with earnings records from the tax register, we …
Persistent link: https://www.econbiz.de/10012616583