• Fiscal policy, macroeconomic performance and industry structure in a small open economy 

      Boug, Pål; von Brasch, Thomas; Cappelen, Ådne; Hammersland, Roger; Hungnes, Håvard; Kolsrud, Dag; Skretting, Julia; Strøm, Birger; Vigtel, Trond Christian (Discussion Paper;No. 984, Working paper, 2022-07)
      We analyse how fiscal policy affects both the macroeconomy and the industry structure, using a multi-sector macroeconomic model of the Norwegian economy with an inflation targeting monetary policy. Our simulations show ...
    • Macroeconomic stability or cycles : the role of the wage-price spiral 

      Kolsrud, Dag; Nymoen, Ragnar (Discussion Papers;No. 625, Working paper, 2010)
      Abstract: We derive aggregate supply (AS) relationships for an intermediate-run macro model.The wage-price spiral provides the conceptual framework for a synthesis of different contesting theoretical and empirical perspectives ...
    • Modelling the heuristic dynamics of the wage and price curve model of equilibrium unemployment 

      Kolsrud, Dag; Nymoen, Ragnar (Discussion Papers;671, Working paper, 2012)
      A standard model of equilibrium unemployment consists of static equations for real wage ambitions (wage curve) and real wage scope (price curve), which jointly determine the NAIRU. The heuristics of the model states that ...
    • Noisy signals in target zone regimes theory and Monte Carlo experiments 

      Holden, Steinar; Kolsrud, Dag; Vikøren, Birger (Discussion Papers;No. 160, Working paper, 1995)
      Previous empirical evidence indicates that uncovered interest rate parity (UIP) does not hold for target zone exchange rates, like those in the European Monetary System and in the Nordic countries. We explore a target zone ...