Resource accounting involves complementing conventional national accounts with changes in environmental and natural resource capital valued in monetary terms. By adopting the Ramsey device of "Bliss", we derive a theoretically consistent environmentally adjusted NDP (Net Domestic Product)...

The point of departure in this paper is that monetary green accounting aims at serving as indicator of wealth changes, sustainable use of natural capital, and performance of environmental policy. It is then investigated how wealth changes and sustainable development of natural capital can be...

Economists are often concerned with estimates of three unobservable variables: the NAIRU, the output gap, and the structural budget balance. Although the main purpose of many existing methods is to remove effects stemming from the same business cycle, the three variables are estimated in...

The study investigates the morbidity impacts of air pollution when pollution may affect both the likelihood and duration of respiratory problems. The relationship between comparatively low pollutant levels and respiratory ailments is estimated using Swedish data, and the change in...

Denna studie visar att utfallet i avtalsrörelsen 2007 har stor betydelse för framtida produktion och sysselsättning. Beräkningar i Konjunkturinstitutets makroekonomiska modell KIMOD visar att parterna kan minska jämviktsarbetslösheten med en procentenhet genom återhållsamma avtal...

The portfolio balance approach, on which KOFI is based, as well as its formal structure, has been described in an earlier Working Paper. The purpose of the present paper is to place the model in its institutional context and to illustrate its properties by simulations. Furthermore, previous...

An Environmentally adjusted net Domestic Product, EDP, should ideally value not only all “goods” produced during a year, but also all “bads”. This paper is an empirical attempt to show how in practice one can construct an EDP according both to academic theory and the practical guidelines...

We introduce a method for dynamic classification of vector time series data into different regimes. A hidden Markov regime-switching model is used in classification. Past regimes are determined in advance and characterized by first and second moments of the observation vector. In estimation and...

We study a simple assigning workers to employers, where each pair of a worker and an employer has a potential joint productivity, and the complete information about the market is contained in the matrix of potential productivities. <p> Under certain conditions that we specify, the market is...</p>