Using an empirical New-Keynesian model with optimal discretionary monetary policy, we estimate key parameters-the central bank's preference parameters; the degree of forward-looking behavior in the determination of inflation and output; and the variances of inflation and output shocks-to match...

The authors test how government revenue and expenditure depend on ideology, elections, and economic activity. They show how fiscal forecasts can be used to identify the determinants of government revenue and expenditure. The approach is illustrated using a unique, unpublished Swedish data set of...

Fluctuations in prices of Swedish exports to five countries are investigated in this paper. The authors test whether there are systematic differences between prices to different markets and whether relative export prices are affected by macroeconomic conditions in destination countries. The test...

The primary purpose of this study is to establish some "stylized facts" about current account and macroeconomic fluctuations in Sweden. Another purpose is to propose a multivariate detrending technique that is based on a time-series model with common, stochastic trends. This technique should be...

We use daily data to examine price responses in the Swedish gasoline market to changes in the Rotterdam spot price, exchange rates and taxes. The distribution of price adjustments by a leading retail chain, for the period January 1980 to December 1996, is symmetric with no small adjustments. An...

This paper examines retail grocery price levels across a large panel of stores in Sweden. We explain price variation across stores by market structure variables to capture differences in competition intensity and a number of store and region-specific factors. Most of the explained variation in...