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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

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

The Riskbank's forecasting performance

Andersson, Michael F.; Karlsson, Gustav; Svensson, Josef - 2007

This paper describes the official Riksbank forecasts for the period 2000-06. The forecast variables are those that are important for monetary policy analysis, i.e. inflation, GDP, productivity, employment, labour force, unemployment and financial variables such as interest rate and foreign...

Persistent link: https://www.econbiz.de/10010320753

Picking the brains of MPC members

Apel, Mikael; Claussen, Carl Andreas; Lennartsdotter, Petra - 2010

This paper reports and analyzes the results from a questionnaire sent to all present and former members of the Riksbank's Executive Board, the monetary policy committee (MPC) of the Swedish central bank. The questions cover a number of issues discussed in the growing literature on monetary...

Persistent link: https://www.econbiz.de/10010320763

Optimal monetary policy in an operational medium-sized DSGE model

Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - 2008

We show how to construct optimal policy projections in Ramses, the Riksbank's openeconomy medium-sized DSGE model for forecasting and policy analysis. Bayesian estimation of the parameters of the model indicates that they are relatively invariant to alternative policy assumptions and supports...

Persistent link: https://www.econbiz.de/10010320787

Price setting transactions and the role of denominating currency in FX markets

Friberg, Richard; Wilander, Fredrik - 2007

transactions. It is divided in two parts. The first part consists of a survey of the price setting and payment practices of a large … extent is used for price setting, invoicing and payment for exports to third parties. We also find that the currency of the …

Persistent link: https://www.econbiz.de/10010320795