The purpose of this paper is to estimate a rudimentary model of the “rest of the world", which may serve as the foreign sector in a model of the Swedish economy. The “rest of the world" is here represented by the US and the euro zone which together cover some two thirds of the Swedish...

In this study, we make use of time series analysis to calculate a real effective equilibrium exchange rate for Sweden. The results indicate that the krona was severely overvalued in late 1992, when the fixed exchange rate regime finally was abandoned. Furthermore, the results indicate that the...

This study examines the long-run relationship between the real effective exchange rate and its fundamental determinants, and derives a real effective equilibrium exchange rate for the Swedish krona. Our results indicate that the krona was severely overvalued in late 1992, when the fixed exchange...

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...