Maria Olsson

Coglianese, John; Olsson, Maria Christina & Patterson, Christina (2025)

Monetary Policy and the Labor Market: A Quasi-experiment in Sweden

The American Economic Review, 115(10) , s. 3451-3486. Doi: https://doi.org/10.1257/aer.20231167

We analyze a monetary quasi–experiment in Sweden from 2010–2011, when the Riksbank raised the interest rate substantially. We argue that this increase was beyond what labor market conditions warranted, driven instead by new concerns about financial stability. Using a battery of specifications that rule out domestic or international confounders, we show that this monetary tightening led to a substantial economic contraction, raising unemployment by 1–2 percentage points. Using administrative microdata, we find that sectors with nominal wage rigidity drove much of the response and that the monetary contraction was more regressive than the typical business cycle. (JEL E24, E32, E43, E52, E58)

Björklund, Maria; Carlsson, Mikael & Skans, Oskar Nordström (2019)

Fixed-Wage Contracts and Monetary Non-neutrality.

American Economic Journal: Macroeconomics, 11(2) Doi: https://doi.org/10.1257/mac.20160213

Coglianese, John; Olsson, Maria & Patterson, Christina (2022)

Monetary Policy and the Labor Market: A quasi-experiment in Sweden

[Conference Lecture]. Event

Coglianese, John; Olsson, Maria & Patterson, Christina (2021)

Monetary Policy and the Labor Market: A Quasi-Experiment in Sweden

[Conference Lecture]. Event

Coglianese, John; Olsson, Maria & Patterson, Christina (2021)

Monetary Policy and the Labor Market: A Quasi-Experiment in Sweden

[Conference Lecture]. Event

Olsson, Maria (2021)

Labor Cost Adjustments During the Great Recession

[Conference Lecture]. Event

Coglianese, John; Olsson, Maria & Patterson, Christina (2021)

Monetary Policy and the Labor Market: A Quasi-Experiment in Sweden

[Conference Lecture]. Event