Holmlund, Bertil; Alexius, Annika - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-4, pp. 1-25
frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …