| 1. |
- Gottfries, Nils, et al.
(författare)
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Discrimination and Open Unemployment in A Segmented Labor-Market
- 1995
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Ingår i: European Economic Review. - 0014-2921 .- 1873-572X. ; 39:1, s. 1-15
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Tidskriftsartikel (refereegranskat)abstract
- Jobs in the primary sector require firm-specific training, with wages determined as a result of bargaining. Firms pay for the training and since they are imperfectly informed about worker productivity, they test workers before hiring them. The secondary sector is competitive. Taking a job in the secondary sector signals low productivity, and therefore workers in the secondary sector are unable to get jobs in the primary sector. Open unemployment coexists with unfilled vacancies for low wage jobs.
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| 2. |
- Gottfries, Nils, 1952-, et al.
(författare)
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Nominal wage contracts and the persistent effects of monetary policy
- 1998
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Ingår i: European Economic Review. - 0014-2921 .- 1873-572X. ; 42:2, s. 207-223
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Tidskriftsartikel (refereegranskat)abstract
- We consider an efficiency wage model where wages affect turnover and firms choose optimal labor contracts under uncertainty about demand and productivity. We show that there may be an equilibrium with nominal wage contracts where monetary shocks affect output. Furthermore, monetary shocks have persistent effects on output because the previous state of the labor market affects the reemployment probability of quitting workers. Persistence increases if workers have bargaining power. With endogenous policy, a credibility problem arises naturally in the model. Equilibrium inflation increases with persistence but decreases with the natural rate of unemployment for given persistence.
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| 3. |
- Gustavsson Tingvall, Patrik, et al.
(författare)
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Technology, resource endowments and international competitiveness
- 1999
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Ingår i: European Economic Review. - : Elsevier. - 0014-2921 .- 1873-572X. ; 43:8, s. 1501-1530
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Tidskriftsartikel (refereegranskat)abstract
- The paper evaluates the impact of technology together with resource endowments, factor prices and economies of scale on international competitiveness in OECD countries. Knowledge capital stocks are obtained by cumulating R&D expenditure. Results show that competitiveness is determined not only by the R&D activity of the representative firm, but also by total R&D in the domestic industry as well as economywide stocks of knowledge, indicating the presence of local externalities. Competitiveness is also affected by factor prices and resource endowments as well as scale economies and learning by doing. Further results point to the importance of economies of scale in R&D internal to the firm, of the degree of openness for the capacity to utilize global spillovers and of investment for introduction of embodied technical progress. Finally, the R&D impact is higher in high- and medium- than in low-tech industries.
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| 4. |
- Persson, Joakim, 1961-
(författare)
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Convergence across the Swedish counties, 1911–1993
- 1997
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Ingår i: European Economic Review. - : Elsevier. - 0014-2921 .- 1873-572X. ; 41:9, s. 1835-1852
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Tidskriftsartikel (refereegranskat)abstract
- This paper finds strong and robust evidence of convergence in per capita income across the twenty-four Swedish counties, 1911–1993. In contrast to most previous studies on regional convergence this study adjusts incomes to account for regional differences in the cost of living. The main conclusion is that using adjusted incomes as opposed to non-adjusted incomes does not qualitatively change the results on convergence for the Swedish counties. However, a quantitative difference is that estimated speeds of convergence are higher and the standard deviation of the log of per capita income is lower when adjusted incomes are used, which is consistent with cross-country evidence.
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| 5. |
- Agell, J, et al.
(författare)
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Fiscal policy when monetary policy is tied to the mast
- 1996
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Ingår i: EUROPEAN ECONOMIC REVIEW. - : ELSEVIER SCIENCE BV. - 0014-2921. ; 40:7, s. 1413-1440
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Tidskriftsartikel (refereegranskat)abstract
- This paper analyses the time inconsistency problem of both exchange rate and fiscal policy in a small open economy. The equilibrium under discretion is characterised by inflation and a deficit. Commitment of the exchange-rate instrument only, e.g. through
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| 6. |
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