The long-term balance between fiscal efforts of stabilisation and necessary growth to obtain full capacity is the issue must be the focus of the discussion of economic policy by the countries in the Eurozone. Labour market reforms to create flexibility is important, and necessary, but not...

The contribution of this book is the explicit recognitation of the importance of endogenous disinvestment activities to a new equilibrium. This is embodied in the condition specifying the economic life of capital to account for obsolescence. This specification provides the formal link between...

In this paper we focus on production chains, i.e., on intermediate commodities, in Swedish manufacturing. Based on input-output data for the two years 2000 and 2005, we investigate the input change of the intermediate import shares. The result is that the share of intermediate imports has...

Primary goal of stabilization policy in the Treaty of European Union is price stability. That goal may be in conflict with the goal of full employment in the member states, particularly, then the union are hit by an asymmetric shock. Assuming perfect capital mobility a initial adverse shock...

This paper examine the macroeconomic influence of the numbers of employees who received notice of dismissal or lay off, in the Swedish manufacturing industry over the period 1980-1994. Given the assumption of fixed labour requirements after the installation of new capital equipments, the...

The capacity of the EMU system to successfully tackle an economic crisis has been questioned during the recent financial and economic turmoil. The basic economic structure and competitiveness in the eurozone has developed in an undesirable direction. The number of member countries of the EMU, as...