Unemployment and Labour Force Participation in Sweden

This paper investigates the relationship between Swedish unemployment and labour-force participation. Cointegration analysis supports a robust long-run relationship between the two variables, regardless of whether aggregate or gender-specific rates are used. This finding puts the empiri-cal relevance of the unemployment invariance hypothesis into question.Cointegration; Discouraged worker

Labor-Force Participation Rates and the Informational Value of Unemployment Rates: Evidence from Disaggregated US Data

The informational value of the aggregate US unemployment rate has recently been questioned be-cause of a unit root in the labor-force participation rate; the lack of mean reversion implies that long-run changes in unemployment rates are highly unlikely to reflect long-run changes in jobless-ness. This paper shows that this critique also extends to unemployment rates for sub-populations, such as prime-aged males.Unit-root test;

The Persistent Labour-Market Effects of the Financial Crisis

This paper estimates the effects of the financial crisis on the Swedish labour market. Using an unobserved components model and an external forecast, we estimate a future path for the NAIRU. Judging by this analysis, the labour market will be in equilibrium again in 2013. Linking the NAIRU to other labour-market variables through an estimated vector error correction model and population projections, it is found that this new equilibrium is associated with a smaller equilibrium labour force and lower equilibrium employment.Discouraged worker; Unobserved components; Cointegration

The Properties of Survey-Based Inflation Expectations in Sweden

This paper assesses the properties of survey-based inflation expectations in Sweden. The survey is conducted by Prospera once every quarter and consists of respondents from businesses and labour-market organisa-tions. The paper shows that inflation expectations measured in this sur-vey tend to be biased and inefficient forecasts of future inflation. Results also indicate that long-run inflation expectations are overly adaptive with respect to actual inflation. Finally, evaluations of forecast accuracy show that these inflation expectations are worse predictors of inflation than those of a professional forecasting institution and also typically outper-formed by a simple autoregressive model. Overall, our results indicate that economic agents’ expectations formation process is suboptimal and/or the survey fails to capture the true inflation expectations.Survey data; Inflation targeting

The Effect on the Swedish Real Economy of the Financial Crisis

This paper investigates the effects of the financial crisis on the Swedish real economy. In order to do this, an index which describes the financial conditions of the Swedish economy is developed. The index indicates that domestic Swedish financial conditions have deteriorated substan-tially during 2008 and are now at the highest level since the crisis of the early 1990’s. A Bayesian VAR model with both US and Swedish variables is used to assess the quantitative effects of the financial crisis on Swedish real GDP growth. Results suggest that the Swedish economy will grow substantially slower in the next couple of years due to the financial crisis.GDP growth; Bayesian VAR

MUVTIME: a Multivariate time series visualizer for behavioral science

As behavioral science becomes progressively more data driven, the need is increasing for appropriate tools for visual exploration and analysis of large datasets, often formed by multivariate time series. This paper describes MUVTIME, a multimodal time series visualization tool, developed in Matlab that allows a user to load a time series collection (a multivariate time series dataset) and an associated video. The user can plot several time series on MUVTIME and use one of them to do brushing on the displayed data, i.e. select a time range dynamically and have it updated on the display. The tool also features a categorical visualization of two binary time series that works as a high-level descriptor of the coordination between two interacting partners. The paper reports the successful use of MUVTIME under the scope of project TURNTAKE, which was intended to contribute to the improvement of human-robot interaction systems by studying turn- taking dynamics (role interchange) in parent-child dyads during joint action.Marie Curie International Incoming Fellowship PIIF-GA-2011- 301155; Portuguese Foundation for Science and Technology (FCT) project PTDC/PSI- PCO/121494/2010; AFP was also partially funded by the FCT project (IF/00217/2013)This research was supported by: Marie Curie International Incoming Fellowship PIIF-GA-2011301155; Portuguese Foundation for Science and Technology (FCT) Strategic program FCT UID/EEA/00066/2013; FCT project PTDC/PSIPCO/121494/2010. AFP was also partially funded by the FCT project (IF/00217/2013). REFERENCE

Transforming Acquisitions and Collection Services: Perspectives on Collaboration Within and Across Libraries

This book explores ways in which libraries can reach new levels of service, quality, and efficiency while minimizing cost by collaborating in acquisitions. In consortial acquisitions, a number of libraries work together, usually in an existing library consortia, to leverage size to support acquisitions in each individual library. In cross-functional acquisitions, acquisitions collaborates to support other library functions. For the library acquisitions manager, technical services manager, or the library director, awareness of different options for effective consortial and cross-functional acquisitions allows for the optimization of staff and resources to reach goals. This work presents those options in the form of case studies, as well as useful analysis of the benefits and challenges of each. By supporting each other’s acquisitions services in a consortium, libraries leverage size to get better prices, and share systems and expertise to maximize resources while minimizing costs. Within libraries, the library acquisitions function can be combined with other library functions in a unit with more than one purpose, or acquisitions can develop a close working relationship with another unit to support their work. This book surveys practice at different libraries and at different library consortia, and presents a detailed description and analysis of a variety of practices for how acquisitions units support each other within a consortium, and how they work with other library units, specifically collection management, cataloging, interlibrary loan, and the digital repository, in the form of case studies. A final sections of the book covers fundamentals of collaboration.https://docs.lib.purdue.edu/purduepress_previews/1034/thumbnail.jp