Reform Capacity and Macroeconomic Performance in the Nordic Countries

Torben M. Andersen is Professor at the School of Economics and Management. He received his PhD from CORE, Université Catholique de Louvain, Belgium, 1986, and holds a Lic. Oecon (1984) from University of Aarhus, and a MSc, from London School of Economics 1981. His primary research and teaching interests are in the economics of the welfare state, labour economics, and fiscal policy. He is affiliated to a number of research institutions including CEPR (London), CESifo (Munich), IZA (Bonn), and SNS (Stockholm).Michael Bergman is currently an Associate Professor at the Department of Economics at the University of Copenhagen, Denmark. He previously served as a Member of the Swedish Fiscal Policy Council (2007-2012). Dr. Bergman's fields of research are macroeconomics and international finance. He has published several articles on business cycles, fiscal policy and exchange rates as well as the European Monetary Union.Svend E. Hougaard Jensen currently works as a Professor of Economics at Copenhagen Business School. On leave from academia, he has served as head of the Division of Economic Analysis within the Danish Ministry of Economic and Business Affairs. His research has focused on topics such as macroeconomic effects of changing demographics, intergenerational (re)distribution, sustainability of public debt, monetary unification and fiscal policy, structural reforms and macroeconomic performance. He has published numerous articles in learned journals and books, and he is the author/editor of several books.

• 1. Macroeconomic Perspectives on the Nordic Economies: Past, Present, and Future ; 2. Collective Risk Sharing: The Social Safety Net and Employment ; Commentary on Chapter 2: Social Trust and the Efficiency-Equity Trade-Off ; 3. Missing the Link? On the Political Economy of Nordic Egalitarianism ; Commentary on Chapter 3 ; 4. Labour Market Policies in Denmark: A Story of Structural Reforms and Evidence Based Policy ; Commentary on Chapter 4 ; 5. What Scope for Monetary Policy? Experiences from the Nordic Countries after the Financial Crisis ; Commentary on Chapter 5 ; 6. Monetary Policy and Exchange Rate Stabilization in Norway and Sweden ; Commentary on Chapter 6 ; 7. House Prices in Denmark and Sweden ; Commentary on Chapter 7 ; 8. Reforming the Fiscal Framework: The Case of Sweden 1973-2013 ; Commentary on Chapter 8 ; 9. Shaping the Fiscal Policy Framework: Lessons from Fiscal Consolidations in Denmark and Sweden ; Commentary on Chapter 9 ; 10. A Crisis Not Wasted: Institutional and Structural Reforms Behind Norway's Strong Macroeconomic Performance ; Commentary on Chapter 10 ; 11. Finland and Sweden in Cross-Country Comparison: What are the Lessons? ; Commentary on Chapter 11 ; 12. Iceland: How Could This Happen? ; Commentary on Chapter 12 ; 13. Challenges to the Nordic Model

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