Fluctuations in prices of Swedish exports to five countries are investigated in this paper. The authors test whether there are systematic differences between prices to different markets and whether relative export prices are affected by macroeconomic conditions in destination countries. The test...

In an attempt to move beyond the purchasing power parity hypothesis, this paper addresses two issues. The first concerns the causes of movements in real exchange rates. In contrast to the typical result, supply shocks are found to dominate the long-run variance decompositions for each of the...

Technology growth is estimated on data for Swedish two-digit manufacturing industries. I apply and evaluate two different approaches to control for varying factor utilization developed by Basu and Kimball (1997) and Burnside, Eichenbaum and Rebelo (1995). I also propose a generalization of the...