01979nam a2200289 ar4500 1/51350 051114s2006 be u pdd 0 a0gre d 1016-8060 (print) 1725-3187 (online) KC-AI-06-270-EN-C 34576 GR-PeUP eng ΚΕΤ Αλφαβητική σειρά Fregert, Klas. Policy rule evaluation by contract-markets: 100 years of wage contract lenght in Sweden/ Klas Fregert, Lars Jonung. Bruxelles- Luxembourg: European Comission: Directorate-General for Economic and Financial Affairs, 2006. 32 σ.: πιν. 30 εκ. European Economy. Economic papers ; Economic Papers The length of collective wage agreements in Sweden between 1908 and 2005 is explored to evaluate a variety of policy regimes from the wage contract-makers' perspective. Adopting a new long-run test, it is found that wage contract length decreases in response to an increase in "macroeconomic uncertainty" across policy regimes. There is also substantial short-run variation in contract length, which cautions against regime divisions based solely on the policy rule. The inflation targeting regime 1995-2005 stands out as an exceptionally stable policy regime as judged by the willingness of contract-makers to repeatedly commit to three-year non-indexed wage agreements. The results are based on a data base on collective wage agreements unique in international comparisons in terms of length and coverage. Jonung, Lars. European Commission : Directorate-General for Economic and Financial Affairs. Economic Papers December 2006, No 270. European Economy. Economic papers ; 270. INST UNIPILB KET 20090311 EEEP 270 EEEP 270 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary798_en.htm