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Central Bank intervention and exchange rates : the case of Sweden

Aguilar, Javiera; Nydahl, Stefan - 1998

Persistent link: https://www.econbiz.de/10000675253

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/10003757018

Firm default and aggregate fluctuations

Jacobson, Tor (contributor) - 2008

This paper studies the relation between macroeconomic fluctuations and corporate defaults while conditioning on industry affiliation and an extensive set of firm-specific factors. Using a logit approach on a panel data set for all incorporated Swedish businesses over 1990-2002, we find strong...

Persistent link: https://www.econbiz.de/10003766847

Efficient Bayesian inference for multiple change-point and mixture innovation models

Giordani, Paolo (contributor); Kohn, Robert (contributor) - 2006

Time series subject to parameter shifts of random magnitude and timing are commonly modeled with a change-point approach using Chib's (1998) algorithm to draw the break dates. We outline some advantages of an alternative approach in which breaks come through mixture distributions in state...

Persistent link: https://www.econbiz.de/10003325461

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

Carlsson, Mikael (contributor); Smedsaas, Jon (contributor) - 2006

We study the relationship between technology shocks and labor input on Swedish firm-level data using a production function approach to identify technology shocks. Taking standard steps yields a contractionary contemporaneous labor-input response in line with previous studies. This finding may,...

Persistent link: https://www.econbiz.de/10003325476

Swedish intervention and the Krona float, 1993 - 2002

Humpage, Owen F. (contributor); … - 2006

Using a set of standard success criteria, we show that Riksbank foreign-exchange interventions between 1993 and 2002 lacked forecast value; that is, the observed number of successes was not significantly greater - and usually substantially smaller - than the number one would anticipate given the...

Persistent link: https://www.econbiz.de/10003319531

A simultaneous model of the Swedish Krona, the US Dollar and the Euro

Lindblad, Hans (contributor); Sellin, Peter (contributor) - 2006

In this paper we simultaneously estimate the real exchange rates between the Swedish Krona, the US Dollar and the Euro. A prime candidate for explaining the exchange rate movements is relative potential output. Since this variable is unobservable, cyclical and potential output are estimated in...

Persistent link: https://www.econbiz.de/10003319543

Down or out : assessing the welfare costs of household investment mistakes

Calvet, Laurent E. (contributor); … - 2006

disaggregated wealth and income of the entire population of Sweden. The analysis focuses on two main sources of inefficiency in the …

Persistent link: https://www.econbiz.de/10003319550

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/10003833846

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. -- DSGE model ; Monetary union ; Open economy ; Optimum Currency …

Persistent link: https://www.econbiz.de/10003793441

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