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  • 1.
    Andersson, Fredrik
    et al.
    Research Institute of Industrial Economics (IFN), stockholm, Sweden; Department of Economics, Lund University, Lund, Sweden.
    Jordahl, Henrik
    Örebro University, Örebro University School of Business. Research Institute of Industrial Economics (IFN), Stockholm, Sweden; CESifo, Munich, Germany; IZA, Bonn, Germany.
    Josephson, Jens
    Research Institute of Industrial Economics (IFN), Stockholm, Sweden; Stockholm Business School, Stockholm University, Stockholm, Sweden.
    Outsourcing Public Services: Contractibility, Cost, and Quality2019In: CESifo Economic Studies, ISSN 1610-241X, E-ISSN 1612-7501, Vol. 65, no 4, p. 349-372Article in journal (Refereed)
    Abstract [en]

    We review the literature on public sector outsourcing to explore if the theoretical predictions from the incomplete contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and magnitude of their contractibility problems. The empirical studies point at rather favourable outsourcing outcomes, in terms of costs and quality, for services without severe contracting problems. The picture is more mixed for services with tougher contracting problems, with the weight of the evidence in favour of public provision. This difference between services is largely in line with the property-rights framework and theories of incomplete contracts.

  • 2.
    Berger, Helge
    et al.
    International Monetary Fund, Washington DC, USA.
    Österholm, Pär
    Sveriges riksbank, Stockholm, Sweden.
    Does Money matter for U.S. Inflation?: Evidence from Bayesian VARs2011In: CESifo Economic Studies, ISSN 1610-241X, E-ISSN 1612-7501, Vol. 57, no 3, p. 531-550Article in journal (Refereed)
    Abstract [en]

    We use Bayesian estimation techniques to assess whether money growth Granger causes inflation in the USA. We investigate the issue of Granger-causality out-of-sample and find that including money growth in simple VAR models of inflation does systematically improve out-of-sample forecasting accuracy. This holds for a long forecasting sample 1960–2005, as well for more recent subperiods, including the Volcker and Greenspan eras. However, the contribution of money to inflation forecasting accuracy is quantitatively limited and tends to be close to negligible in recent subperiods.

  • 3.
    Jordahl, Henrik
    Örebro University, Örebro University School of Business.
    Perspectives on Public Sector Outsourcing: Quasi-markets and Prices2019In: CESifo Economic Studies, ISSN 1610-241X, E-ISSN 1612-7501, Vol. 65, no 4, p. 343-348Article in journal (Refereed)
    Abstract [en]

    Public sector outsourcing, in the form of private production of tax-financed services, is on the increase with economic and social consequences for consumers, taxpayers, and employees. The development has given rise to so-called quasi-markets with choice and competition between public, for-profit, and non-profit providers. By introducing the main characteristics of quasi-markets with a focus on prices, this article provides background perspectives. It sets the stage for the other six articles on public sector outsourcing in this special issue of the journal.

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