The contribution of this paper is to derive a bivariate distribution for inflation and output uncertainty with a well-defined role for subjective judgements. The marginal distributions for inflation and output growth are derived from uncertainty in the macro variables that are deemed to be...

The contribution of this paper is to show how the balance of risk for various macro variables can be linked to inflation uncertainty. Inflation uncertainty is derived from uncertainty in the macro variables that are deemed to be important for future inflation. The paper focuses on the technical...

The contribution of this paper is to show how the balance of risk for various macro variables can be linked to inflation uncertainty. Inflation uncertainty is derived from uncertainty in the macro variables that are deemed to be important for future inflation. The paper focuses on the technical...

The contribution of this paper is to derive a bivariate distribution for inflation and output uncertainty with a well-defined role for subjective judgements. The marginal distributions for inflation and output growth are derived from uncertainty in the macro variables that are deemed to be...

Viewed over the whole available history of fiat money in Sweden, high levels of inflation have been present only over a short time span. It is only in the last two decades - the seventies and the eighties - that inflation has been high, at an average of eight percent on an annual basis. Based on...

Nations that have managed to become rich have had institutional features that supported incentives for value creation while ensuring that the ways insiders and special interest groups can extract monopoly rents are limited. Improved skills have been a central component of helping individuals and...

Contents: Preface -- 1. A perfect storm -- 2. The welfare state in transition -- 3. The labor market in transition -- 4. Digitalization changing the economy and the labor market -- 5. Fiscal pressures from digitalization and immigration -- 6. Immigration, inequality and skills in the digital...