Within the frame of the Nordic welfare model, pension system design has taken very different routes. While the overall aims in terms of distribution and replacement rates are similar, the division of labour between defined benefit and contribution as well as pay-as-you-go versus funded schemes...

The main aim of this paper is to examine the relationship between government consumption and aggregate output in five Nordic countries in two different scenarios: first, in periods when government consumption increases and, second, in periods when government consumption decreases. Therefore, the...

This paper presents ODIN, an open dispatch model for the Nordic power system. We begin by performing a survey of existing models, and conclude that no model which simulates the different price areas in the Nordic power system and is truly open exists. Existing models either lack data to do an...

Hedge funds have become an important part of the financial sector. The development of the hedge funds in the Nordic countries has been rather robust. Therefore, it is important to identify the determinants of the hedge fund performance and isolate the managerial performance, i.e., the Jensen's...

We look at a wide range of national and international crises to identify banks' exposures to losses during banking crises. We find that banks generally sustain greater losses on corporate loans than on household loans. Even after sharp falls in house prices, losses on household loans were often...

This paper investigates the presence of speculative bubbles in the Scandinavian countries namely Denmark, Finland, Norway, and Sweden over the period from 1980Q1 to 2018Q4 and searches for evidence of bubble migration among those countries. First, we apply the GSADF test developed by Phillips et...

This article provides an overview of the extent of school closures and the use of distance learning in the Nordic countries during the COVID-19 pandemic (March 2020 to June 2021). Taking the preparedness of the educational systems into consideration and combining several reports summarising...

"This timely book explores how Northern European countries have sought to balance their welfare states with increased levels of migration from low-income countries outside the EU. Using case studies of the Netherlands, Germany, Denmark, and Sweden, leading scholars analyse the varying approaches...