If inflation expectations become firmly anchored at the inflation target even when average inflation deviates from the target, the long-run Phillips curve becomes non-vertical. During 1997-2011, average inflation expectations in Sweden have been close to the inflation target of 2 percent,...

In January 2006, a system for congestion charging was introduced in the city of Stockholm, Sweden. The charging scheme was run in the form of a full scale trial for seven months, after which it was deactivated, awaiting its evaluation and an advisory public referendum. Several parties, including...

The fiscal gains from, and hence the political incentives to, an increase in inflation rate of ten percentage points may be substantial: with Swedish data from 1994, these gains would have been an annual real flow of 3-4 percent of GDP, or a capitalized value of nearly 100 percent of GDP. They...

This paper replicates the main analysis of Svensson (2015) with some expansion to the original analysis, mainly for the United States. Overall, the replication exercise successfully confirms the conclusions of Svensson (2015). In both Sweden and the United States, empirical evidence sup- ports...

The transition from artisanal to industrial production is an important step in economic development, but the impact on the artisanal workers remains poorly understood. In the latter half of the 19th century, technological advances in Swedish iron production initiated a wave of industrialization...