This paper uses a neoclassical investment model extended with installation costs for capital, agency costs for investment financing, and the possibility of the firm being output constrained as a framework for an empirical analysis of investment behaviour in the Swedish manufacturing industry....

Chapter 1. Why Gunnar Myrdal? -- Chapter 2. Childhood, Study Years, Roots, and the Early Years with Alva -- Chapter 3. The Value Premises of Social Scientists Must Be Clarified -- Chapter 4. The Macroeconomic Revolution in Theory and Practice -- Chapter 5. The Emergence of the Welfare State...

EMU is a completely new policy regime which has significant economic implications and which, it is hoped, will ultimately enhance the role of Europe on the world stage. EMU and Economic Policy in Europe takes stock of the initial experiences of EMU and assesses the challenges which will have to...

This timely and far-reaching book addresses the long-term impact of the recent global economic crisis. New light is shed on the crisis and its historical roots, and resolutions for a more robust, resilient future socio-economic model are prescribed.

The disaggregated study confirms earlier aggregated studies showing that unemployment strongly affects the popularity of the Swedish government. The results presented here, however, suggest that there are differences among popularity functions estimated across groups differing in age, income and...

The recent financial crisis starting in 2007--2009 is the longest and the deepest recession since the Great Depression of 1930. The crisis that originated in the US subprime mortgage markets spread and amplified through international financial markets and resulted in severe debt crises in...