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United States. Overall, the replication exercise successfully confirms the conclusions of Svensson (2015). In both Sweden and … long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below …
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Sweden) from 2007 to 2013. We compare forecasts made with a DSGE model and a BVAR model with judgemental forecasts published …
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In this paper, we estimate trend inflation in Sweden using an unobserved components stochastic volatility model. Using …
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