I analyze selected views of the well-known Swedish analyst of Nordic economies, Nima Sanandaji, on the reasons for the economic (and social) successes of Sweden and other Nordic countries in the 20th and 21st centuries. My aim is not to provide a detailed and full appraisal of these views but to...

We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

Das schwedische Wirtschaftswachstum wies 2003 moderat aufwärts, obwohl auch hier der Irak-Krieg und der starke Ölpreisanstieg im Frühjahr gebremst haben. Das reale Bruttoinlandsprodukt nahm um 1ư% und damit stärker als der westeuropäische Durchschnitt zu. Auf dem Arbeitsmarkt...

This paper analyses the functioning of the Rehn-Meidner model in Sweden and the validity of the model's underlying theory. Both sceptics and friends of the Swedish model have exaggerated the effects of active labour market policy and solidarity wage policy on employment, inflation and growth....