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republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous …
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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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do not describe the actual monetary policy strategy exactly. This paper compares monetary policy in Sweden during the … commonly used in theoretical analyses do not provide good approximations of Sveriges Riksbank s (the central bank of Sweden …
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This paper estimates and tests a new Keynesian small open economy model in the tradition of Christiano, Eichenbaum, and Evans (2005) and Smets and Wouters (2003) using Bayesian estimation techniques on Swedish data. To account for the switch to an inflation targeting regime in 1993 we allow for...
Persistent link: https://www.econbiz.de/10003413648