The conventional NAIRU model stipulates that any existing money illusion would vanish by the passage of time. In contrast, the model developed by Akerlof, Dickens and Perry (2000) (ADP) argues that inflation, instead of time, dissipate money illusion. Accordingly, there exists a possibility of an inflation unemployment tradeoff in the long run. This essay reviews the evidence of money illusion and

Abstract The spring of 2011 unrest grew in the Middle East and North Africa, and as a result we saw a surge in in oil prices. This essay conducts an evaluation on if these kinds of geopolitical events within the OPEC have affected the oil price in the past in the same way. As a contrary variable we have also assessed if the VIX-index is a good indicator of decreasing oil prices. We have used

Frågan om bevarande av och långsiktigt utnyttjande av miljön framstår som en av vår tids viktigaste frågor. Bland tillgängliga åtgärder på miljöområdet finns kriminalisering: ett styrmedel med kraftfull klang men med begränsad räckvidd och nytta och framför allt en åtgärd som endast bör användas som sista utväg i enlighet med principen om ultima ratio. Sålunda anses varje straffbeläggande genereEnvironmental sustainability is one of the most important issues of our time and environmental harm can be dealt with in numerous ways. One strategy is to use criminal prohibitions. Fighting environmental crime has a powerful ring to it, but the reach of the criminal law is limited and its usefulness often highly (and sadly) overestimated. Such factors, combined with the adverse effects typically

Abstract The aim of this study was to make a survey of different perspectives on “voluntary” prostitution in Thailand, which we tried to accomplish by semi structured interviews with people who, in some way, were connected with the field. Their occupations stretch from a student writing his thesis to a human rights lawyer. This study has centered around four areas concerning prostitution in Thaila

Sedan 1975 har det funnits en utökad möjlighet för patienter att få ersättning vid felbehandling inom vården genom den frivilliga patientförsäkringen, utöver de möjligheter som skadeståndsrätten erbjuder. År 1997 var patient-försäkringen inte frivillig längre, då det lagstadgades att varje vårdgivare är skyldig att ha en patientförsäkring och förutsättningarna för ersättning fastställdes. FörutsätSince 1975, the possibility for remedy when Swedish healthcare is performed incorrectly and causes personal injury is extended by the voluntary patient injury insurance. Since 1997, the patient injury insurance is statutory in the Patient Injury Act and thereby mandatory for all health care institutions. The conditions for compensation through the patient injury insurance are the same regardless o

We set out to investigate the presence of momentum in the Swedish stock market in an attempt to distinguish whether the market displays the weak- and the semi-strong form of efficiency. Adopting a strategy similar to that of Jegadeesh and Titman (1993) and (2001), where past winners are bought and past loser are sold, we are able to show that momentum indeed is present, earning approximately 1 per

The purpose of this paper is to make a personal reflection of the last year when I have been studying the Master‟s Programme in Entrepreneurship at Lund University and the experiences I have had during this time. This paper mainly explores the importance of legitimacy and what you need to do to adapt and maybe change to fit in on a market but also the importance of trust, both within your own orga

This thesis analyses changes in operating performance for a sample of 110 Swedish buyouts from 2001 through 2008 based on measures of profitability, working capital management and employee management. Furthermore, regression models have been made in cases where we have significant differences between our sample and peer groups to test the correlation between company size and operational performanc

Allt fler företag väljer att etablera sitt varumärke utanför ursprungsmarknaden. I samband med detta är det inte ovanligt att marknadsföringsaktiviteterna anpassas för att möta den nya marknadens förutsättningar och konkurrenssituation. Detta medför eventuellt att en annorlunda varumärkespersonlighet uppträder. Denna uppsats är en fallstudie av Fjällräven som år 2009 etablerade sig i USA. Den besk

In this thesis the background characteristics as well as the mobility and productivity of Swedish inventors is investigated. Swedish inventors tend to be highly educated, with an education in engineering or natural sciences. They are to a large extent male and in their mid-forties. Since there is possible an endogenous relationship between mobility and productivity, instrumental variables applied

The aim of this thesis is to investigate the structural evolution and spatial pattern of regional unemployment rates in the EU for the period 1999-2009. Several previous studies have found large disparities across Europe’s regions, contrary to what neoclassic theory predict would be the effect of regional integration. Moreover, some literature finds that these differences seem to increase over tim

The purpose of this study is to examine whether normalization is created and if so done within a specific context. More specifically the aim is to study how normalization is created and made in institutional treatment of young people, according to cognitive behavioral therapy. The two research questions I intend to answer are, how can treatment according to cognitive behavioral therapy operate nor

The importance of the health of the banking sector cannot be underestimated, especially not after the recent financial crisis. Credit rating agencies base their ratings on backward-looking accounting information which cannot be used to predict a bank default. Therefore, it is of high relevance to develop market-based measures of default to give a point-in-time indication of the health of the banki

The nature of warfare is changing in ways that increasingly endanger women and girls. Besides suffering from the general brutality inflicted by violent conflict, women also suffer particular attacks whose form is defined by distinct notions of female sexuality. However, the ironic fact must be recognized that the upheaval of a conflict can break down social barriers and traditional patriarchal pat

Remittances are getting wider attention in recent years because of the enormous increase in amounts. Remittances have already outshined the inflow of FDI, official development assistance, and portfolio flows for many developing countries. However there is no clear-cut understanding of its macro level importance to economic growth which arises because of shortage of study in the area. This study tr

Poverty has previously been viewed as one of the most important drivers of the HIV epidemic. However, recent studies have found that poor individuals are not more likely than wealthy to be HIV positive. Therefore, economic inequality together with gender inequality has instead been suggested as the main socioeconomic drivers of the spread of HIV. The studies analyzing the relationship between econ

Studien behandlar det processuella perspektivet på hur ett industriellt företag slöter sitt varumärkesarbete mot sina kunder. Undersökningen är genomförd med en kvalitativ ansats med en tolkande och deskriptiv metod. Det empiriska materialet har insamlats genom intervjuer. Studiens teoretiska ram har utformats utifrån fyra grundläggande områden; varumärkets beståndsdelar, industriella konkurensför

Problem: Internet 2.0 anammas allt oftare i marknadskommunikation. Den publicistiska vändningen som kom i samband med digitala medier skapar dock en del utmaningar för låg- och höginvolverande varumärken. Syfte: Studien ämnar undersöka vilka digitala medier som används i varumärkeskommunikation bland etthundra starka varumärken i Sverige samt hur konstruerar ett låginvolverande och ett höginvolver

Samhällets behov av förnyelsebara energikällor har ökat; i april 2009 antogs Europaparlamentets och rådets direktiv 2009/28/EG om främjande av användningen av energi från förnybara energikällor och om ändring och ett senare upphävande av direktiven 2001/77/EG samt 2003/30/EG. För Sveriges del innebar antagandet att Sverige fick som nationellt övergripande mål att andelen energi från förnybara enerSociety’s need of renewable sources of energy has increased; in April 2009 the European Parliament and Council adopted the directive 2009/28/EG on the promotion of the use of energy from renewable sources and amending and subsequently repealing Directives 2001/77/EC and 2003/30/EC. For Sweden this meant the adoption of a new general objective in which the national goal is to have 49 percent of the