price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less … important in the U.K. and Sweden than in the U.S., but matching efficiency improved in Germany, helping to keep unemployment low …

, explicitly taking into account the monetary regime change in 1993, from exchange rate targeting to inflation targeting. The … results suggest that monetary policy reacted strongly to exchange rate movements in the former, and mostly to inflation in the … significantly affected by the choice of exchange rate regime. A counterfactual experiment that applies the inflation targeting …

inflation and GDP growth might have been slightly higher if Sweden had been a member of EMU since the launch in 1999, but also …I revisit the potential costs and benefits for Sweden of joining the Economic and Monetary Union (EMU) of the European … in the monetary union would be advantageous for Sweden. …