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The Swedish external position and the Krona

Lane, Philip R. - 2006

This paper addresses the dynamics of the Swedish external position, with a particular focus on its inter-relation with the external value of the krona. We argue that financial globalisation means that a broader conceptual framework is required, whereby exchange rate fluctuations operate through...

Persistent link: https://www.econbiz.de/10010320781

Re-evaluating Swedish membership in EMU: Evidence from an estimated model

Söderström, Ulf - 2008

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

Persistent link: https://www.econbiz.de/10010320726

Evaluating an estimated new Keynesian small open economy model

Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - 2007

This paper estimates and tests a new Keynesian small open economy model in the tradition of Christiano, Eichenbaum, and Evans (2005) and Smets and Wouters (2003) using Bayesian estimation techniques on Swedish data. To account for the switch to an inflation targeting regime in 1993 we allow for...

Persistent link: https://www.econbiz.de/10010320727

Macroeconomic impact on expected default frequency

Åsberg, Per; Shahnazarian, Hovick - 2008

We use a vector error correction model to study the long-term relationship between aggregate expected default frequency and the macroeconomic development, i.e. CPI, industry production and short-term interest rate. The model is used to forecast the median expected default frequency of the...

Persistent link: https://www.econbiz.de/10010320730

MOSES: Model of Swedish economic studies

Bårdsen, Gunnar; den Reijer, Ard; Jonasson, Patrik; … - 2011

MOSES is an aggregate econometric model for Sweden, estimated on quarterly data, and intended for short …

Persistent link: https://www.econbiz.de/10010320731

Technology shocks and the labour-input response: Evidence from firm-level data

Carlsson, Mikael; Smedsaas, Jon - 2006

contemporaneous effect. The results thus point away from standard flexible-price models and towards models emphasizing firm …

Persistent link: https://www.econbiz.de/10010320734

Housing collateral and the monetary transmission mechanism

Walentin, Karl; Sellin, Peter - 2010

In this paper our main aim is to quantify the role that housing collateral plays for the monetary transmission mechanism. Furthermore, we want to explore the implications of the increase in household indebtedness, and specifically the loan-to-value ratio, in the last two decades. We set up a two...

Persistent link: https://www.econbiz.de/10010320736

The information content of central bank minutes

Apel, Mikael; Blix Grimaldi, Marianna - 2012

One characteristic feature of central banks today is that policy decisions are almost exclusively made by a committee rather than by a single policy maker. Another is that central banks are considerably more transparent than they used to be. Together, this has brought to the fore an important...

Persistent link: https://www.econbiz.de/10010320739

Hedging labor income risk

Betermier, Sebastien; Jansson, Thomas; Parlour, Christine A. - 2011

We use a detailed panel data set of Swedish households to investigate the relation between their labor income risk and financial investment decisions. In particular, we relate changes in wage volatility to changes in the portfolio holdings for households that switched industries between 1999 and...

Persistent link: https://www.econbiz.de/10010320740

The effect of cash flow on investment: An empirical test of the balance sheet channel

Melander, Ola - 2009

This paper tests the balance sheet theory, where the status of balance sheets affects the economy's response to monetary and other shocks. The theory predicts a positive effect of cash flow on investment, given fundamental determinants of investment. I use an empirical method developed by...

Persistent link: https://www.econbiz.de/10010320749