Two Models of an Open Economy


In recent years IUI has concentrated much of its research efforts on the development and use of econometric models of the Swedish economy. Although full scale economy-wide models are difficult to estimate and implement, they are essential for analyzing many relevant policy problems. One result of IUIs research in this area is ISAC - a disequilibrium model in the "Keynesian" tradition - which is documented in this book. The analytical focus of this model is on the testing of theory and the evaluation of policy. The model has been used in evaluating energy policy, fiscal programs, and local government control, as reported in earlier IUI publications. This project has been headed by Professor Bengt-Christer Ysander.

In constructing ISAC and applying it to energy analysis, IUI has collaborated with EFI at the Stockholm School of Economics, particularly with Professor Lars Bergman. His parallel research with the equilibrium model - ELIAS - which is also documented in this volume, represents another, more "classical" tradition in macro model building.

The common purpose of the two models is to capture the various mechanisms by which disturbances and shifts in world markets induce structural adjustment in the small and open Swedish economy. The models are two different analytical tools that have been applied to the same type of problems, and a comparison between them should therefore prove both methodologically and empirically interesting.

Stockholm in January 1986
Gunnar Eliasson

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

Omslag 2017 Institutional Reform for Innovation and Entrepreneurship.jpg

The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.


Seminars organized by IFN


To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se