Publications

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Journal of Monetary Economics

The Housing Wealth Effect: Quasi-Experimental Evidence

We exploit a quasi-experiment to provide new evidence on the magnitude of the housing wealth effect. We estimate an immediate shock of approximately ‒15% to house prices close to one of Stockholm's ai…
Journal Article
by Jesper Bojeryd, Dany Kessel, Björn Tyrefors, Roine Vestman




Encyclopedia of Public Choice

Beauty in Politics

The looks of political candidates can influence voter behavior, often serving as a shortcut for those lacking detailed information. Attractive candidates are often viewed as more competent and may gai…
Book Chapter
by Niclas Berggren, Henrik Jordahl, Panu Poutvaara









European Economic Review

The Working Capital Channel

Firms relying on working capital raise prices following monetary tightening, and this paper demonstrates that the working capital channel plays a key role in partial and general equilibrium inflation…
Journal Article

Working Paper No. 1539

Tax-Motivated Firm Splitting

How do corporate tax systems shape the boundaries of the firm? This paper shows that nonlinear corporate income taxation can distort firms’ organizational structures by inducing tax-motivated firm spl…
Working Paper
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Proceedings of the XVI International Numismatic Congress, Vol. III: Medieval Numismatics

When Small Change was not a Big Problem

Abstract In a proportional coinage system with several denominations, there is a risk of shortage of small change. The main reason is the higher production costs of small coins. This was a major probl…
Book Chapter
by Roger Svensson, Andreas Westermark
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Small Business Economics

Shaping and Furthering Core Conversations in Entrepreneurship Research: Dean A. Shepherd Recipient of the 2025 Global Award for Entrepreneurship Research

For almost three decades, Professor Dean A. Shepherd has had a profound impact on scholarly developments within the international community of entrepreneurship researchers. His extraordinarily broad a…
Journal Article
by Ethel Brundin, Magnus Henrekson , Alexander Ljungqvist , Lucia Naldi, Mikael Stenkula, Caroline Wigren-Kristoferson , Joakim Wincent, Ivo Sander
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Working Paper No. 1528

Accounting Research in the Age of AI

Recent developments in artificial intelligence raise fundamental questions about the future of academic accounting research. By integrating core microeconomic principles, a wide range of theoretical p…
Working Paper
by Matti Keloharju, Roope Keloharju
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VoxEU

Why the US and the WTO should part ways

The US embrace of power politics in the trade arena violates both the letter and spirit of the WTO’s General Agreement on Tariffs and Trade, undermining the integrity of the multilateral trading syste…
Popular Science
by Henrik Horn, Petros Mavroidis








Public Choice

Coups and Constitutional Change

Newly developed data show that after successful coups, there is a 42 percent chance that a new constitution is implemented. We explore these constitutions, and that military coup plotters tend to draw…
Journal Article
by Christian Bjørnskov, Stefan Voigt











The Depth and Size of the European Union in a Time of War

What Can the EU Learn from Brexit?

The UK’s relationship with Europe has long been a contentious issue. This chapter explores the UK's decision to remain outside early European integration in the 1950s, its shift towards seeking member…









International Environmental Agreements: Politics, Law and Economics

Investment Treaties and the Replacement of Stranded Investment

A common claim holds that investment treaties reduce the willingness of host countries to regulate foreign-owned, environmentally-stranded, investments. A counter-argument is that the treaties can yie…
Journal Article
by Henrik Horn, Mark Sanctuary



















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