Palle Schelde Andersen
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View article: Higher profits and lower capital prices: is factor allocation optimal?
Higher profits and lower capital prices: is factor allocation optimal? Open
From an international perspective, the European rate of unemployment has been high and growing over the last one to two decades; against this background, the parallel rise in profit shares in a number of European countries seems to be at o…
View article: A Note on Alternative Measures of Real Bond Rates
A Note on Alternative Measures of Real Bond Rates Open
View article: Sacrifice Ratios and the Conduct of Monetary Policy in Conditions of Low Inflation
Sacrifice Ratios and the Conduct of Monetary Policy in Conditions of Low Inflation Open
View article: Higher Profits and Lower Capital Prices: Is Factor Allocation Optimal?
Higher Profits and Lower Capital Prices: Is Factor Allocation Optimal? Open
View article: Foreign direct investment and employment in the industrial countries
Foreign direct investment and employment in the industrial countries Open
Since the trough in 1982, the growth of real foreign direct investment (FDI) outflows and inflows for the OECD countries has been very high, far outpacing that of foreign trade and real GDP. While such flows are likely to have increased th…
View article: Inflation and disinflation in Iceland
Inflation and disinflation in Iceland Open
Iceland was a high inflation country from the second half of the seventies and until the middle of the eighties. During the middle of the nineties inflation in Iceland, at less than 2% p.a., was among the lowest in the OECD. In this paper …
View article: Inflation and Disinflation in Iceland
Inflation and Disinflation in Iceland Open
View article: Foreign Direct Investment and Employment in the Industrial Countries
Foreign Direct Investment and Employment in the Industrial Countries Open
View article: Forecast Errors and Financial Developments
Forecast Errors and Financial Developments Open
View article: Household Saving and Real House Prices: An International Perspective
Household Saving and Real House Prices: An International Perspective Open
View article: Household saving and real house prices: an international perspective
Household saving and real house prices: an international perspective Open
This cross-country study provides empirical evidence on the influence of house prices on the aggregate consumption and saving behaviour of households. Housing wealth constitutes a significant portion of total wealth for households, suggest…
View article: Labour Market Developments in Developing Countries
Labour Market Developments in Developing Countries Open
View article: Energy Shocks and the Demand for Energy
Energy Shocks and the Demand for Energy Open
View article: Profit Shares, Investment and Output Capacity
Profit Shares, Investment and Output Capacity Open
View article: Real wages, inflation and unemployment
Real wages, inflation and unemployment Open
This paper summarises the main features of an expectations-augmented Phillips curve with accompanying mark-up price equations. The empirical counterparts for six countries are presented. Even though preliminary, the results are relatively …
View article: The productivity slowdown and its policy implications
The productivity slowdown and its policy implications Open
This paper analyses the recent productivity slowdown, attempting to distinguish permanent from cyclical changes. It then considers the implications for anti-inflationary policies, discussing the short-run effects of more restrictive polici…