In this paper I investigate the relevance of the exchange rate regime for macroeconomic stability. I simulate hypothetical macroeconomic developments under different regimes in Sweden during the period 1972 -1996. The main question is how stable output would have been if Sweden had had a...

In empirical studies the finding of procyclical average labour productivity is common. Two possible explanations to these results have been suggested in the literature: (1) labour hoarding/labour utilization, and (2) the Real Business Cycle productivity/technology shock explanation. This study...

In this paper we use mixed logit specifications to allow parameters to vary in the population when estimating the value of time for long-distance car travel.

This paper reexamines the link between career interruptions and subsequent wages. Using a rich new Swedish dataset, we are able to disaggregate time out of work into several components. However, we find that different types of time out have different effects on wages and that these effects vary...

In this paper it is shown that the core and the bargaining sets of Davis-Maschler and Zhou coincide in a class of shortest path games.

While examining the macroeconomic effects of increased government control of the informal sector, this paper develops a two-sector general equilibrium model featuring matching frictions, and heterogeneous workers in terms of moral. This facilitates an analysis of how wage setting and...