IDEAS home Printed from
   My bibliography  Save this article

Welfare regimes and macroeconomic regime constellations: explaining the Scandinavian anomaly


  • Thomas Sauer
  • Lena Vogel


Since the early 1990s, the Scandinavian countries have recovered from one of the most severe crises of any Organisation for Economic Cooperation and Development (OECD) country ever, returning to a 'high road' growth path and also succeeding in terms of macroeconomic stabilisation indicators. To explain the causes for this coincidence of macroeconomic growth and stability, we propose a theory of macroeconomic resilience. We merge different theoretical strands into a joint approach of Macroeconomic Regime Constellations (MERCs) and Welfare Regime Constellations (WERCs). In the econometric part of our inquiry, we estimate Structural Vector Autoregressions (SVARs) to analyse the existence and consistency of MERCs in Sweden, Finland and Denmark.

Suggested Citation

  • Thomas Sauer & Lena Vogel, 2010. "Welfare regimes and macroeconomic regime constellations: explaining the Scandinavian anomaly," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 5(4), pages 331-356.
  • Handle: RePEc:ids:ijpubp:v:5:y:2010:i:4:p:331-356

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Jeffrey Overall, 2017. "Practice what you preach: the failure of the welfare state and the discovery of total equality through capitalism," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 13(1/2), pages 69-85.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijpubp:v:5:y:2010:i:4:p:331-356. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.