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Inflation forecasts made 1999-2005 by Sveriges Riksbank and Konjunkturinstitet of Swedish inflation rates 1999-2007 are tested for unbiasedness; i.e., are the mean forecast errors zero? The bias is in the order of -0.1 percentage units for horizons below one year and in the order of 0.1 and 0.6...
Persistent link: https://www.econbiz.de/10008494017
A Swedish economic policy was developed by two trade union economists shortly after the Second World War. The Rehn-Meidner model recommends the use of selective employment policy measures, a tight macroeconomic policy and a wage policy of solidarity to combine full employment and equity with...
Persistent link: https://www.econbiz.de/10005645452
The Swedish economic policy to combine full employment and equity with price stability and economic growth was developed by two trade union economists shortly after World War II. Through the use of extensive employment policy measures, a tight fiscal policy and a wage policy of solidarity, the...
Persistent link: https://www.econbiz.de/10005645476
In the early postwar years, two trade-union economists, Gösta Rehn and Rudolf Meidner, presented a Swedish alternative to Keynesianism. The so-called Rehn- Meidner model recommends restrictive macroeconomic policies, labor market policy programs and solidarity wages to combine price stability...
Persistent link: https://www.econbiz.de/10009003673