Showing 1 - 10 of 833
This paper investigates the econometric properties of the Taylor (1993) rule applied to U.S., Australian and Swedish data to judge its empirical relevance. Little attention has been paid to the time series properties of the data underlying interest rate rules, nor the estimations themselves,...
Persistent link: https://www.econbiz.de/10010321545
Sweden. Overall, the predictions of the model is supported in most dimensions indicating that interventions have been used in …
Persistent link: https://www.econbiz.de/10010321630
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...
Persistent link: https://www.econbiz.de/10010321638
This paper analyzes the stabilizing properties of alternative monetary policy regimes. In practice there is a choice between two broad types of monetary policy regimes: a fixed exchange rate regime or a floating exchange rate regime. In this paper I compare exchange rate targeting with different...
Persistent link: https://www.econbiz.de/10010321739
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...
Persistent link: https://www.econbiz.de/10010317906
Galí (2014) showed that a monetary policy rule that raises interest rates in response to bubbles can paradoxically lead … to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising … argue Galí's model contains additional equilibria in which more aggressive rules dampen bubbles. We show that for these …
Persistent link: https://www.econbiz.de/10014480521
suitable for the task of tackling asset price bubbles. …
Persistent link: https://www.econbiz.de/10010309122
This paper presents LINDA - a register-based longitudinal data set for Sweden. LINDA consists of a large panel of …
Persistent link: https://www.econbiz.de/10010321802
This paper provides empirical evidence on life-cycle patterns in the asset allocation of Swedish households. Data on household portfolio allocation are collected from the HINK surveys for the period 1982-1992, and portfolio shares of different asset categories are regressed on age, period, and...
Persistent link: https://www.econbiz.de/10010321812
We assess whether the gender gap in authority in Sweden has changed during the period 1968–2000, and investigate to …
Persistent link: https://www.econbiz.de/10010317967