• MODAG –en makroøkonomisk modell for norsk økonomi 

      Boug, Pål; Dyvi, Yngvar; Johansen, Per Richard; Naug, Bjørn E. (Sosiale og økonomiske studier;108, Book, 2002)
      MODAG er en makroøkonomisk modell for norsk økonomi, utviklet i Statistisk sentralbyrå. Den benyttes særlig som analyseverktøy av Finansdepartementet, men brukes også av Statistisk sentralbyrå til egne analyser og til ...
    • Modellering av faktoretterspørsel 

      Boug, Pål (Rapporter;1999/3, Report, 1999-03)
    • Modelling OPEC behaviour. Theory and evidence 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (Discussion Papers;No. 843, Working paper, 2016-07-01)
      We analyse the behaviour of OPEC as a group for the period 1992 to 2015 by formulating a model that encompasses several of the alternatives discussed in the literature. There is no consensus in the literature on how ...
    • The New Keynesian Phillips curve : does it fit Norwegian data? 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (Discussion Papers;No. 652, Working paper, 2011)
      Abstract: We evaluate the empirical performance of the new Keynesian Phillips curve (NKPC) for a small open economy using cointegrated vector autoregressive models, likelihood based methods and general method of moments. ...
    • Norwegian gas sales and the impacts on European CO2 emissions 

      Berg, Elin; Boug, Pål; Kverndokk, Snorre (Discussion Papers;No. 199, Working paper, 1997)
      This paper studies the impacts on Western European CO2 emissions of a reduction in Norwegian gas sales. The impacts are due to changes in energy demand and energy supply, but environmental and political regulations also ...
    • The consumption Euler equation or the Keynesian consumption function? 

      Boug, Pål; Cappelen, Ådne; Jansen, Eilev S.; Swensen, Anders Rygh (Discussion papers;904, Working paper, 2019-04)
      We formulate a general cointegrated vector autoregressive (CVAR) model that nests both a class of consumption Euler equations and various Keynesian type consumption functions. Using likelihoodbased methods and Norwegian ...
    • The Consumption Euler Equation or the Keynesian Consumption Function? 

      Boug, Pål; Cappelen, Ådne; Jansen, Eilev S.; Swensen, Anders Rygh (Peer reviewed; Journal article, 2020)
    • The empirical modelling of house prices and debt revisited: a policy-oriented perspective 

      Boug, Pål; Hungnes, Håvard; Kurita, Takamitsu (Peer reviewed; Journal article, 2023)
      The recent boom in house prices in many countries during the COVID-19 pandemic and the possibility of household financial distress are of concern among some central banks. We revisit the empirical modelling of house prices ...
    • The importance of the distribution sector for exchange rate pass-through in a small open economy. A large scale macroeconometric modelling approach 

      Boug, Pål; Cappelen, Ådne; Eika, Torbjørn (Discussion papers;731, Working paper, 2013-01)
      The degree of exchange rate pass-through to domestic goods prices has important implications for monetary policy in small open economies with floating exchange rates. Evidence indicates that passthrough is faster to import ...
    • The New Keynesian Phillips Curve for a small open economy 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (Discussion Papers;No. 460, Working paper, 2006)
      Abstract: The New Keynesian Phillips Curve (NKPC) has become the benchmark model for understanding inflation in modern monetary economics. One reason for the popularity is the microfoundation of the model, which decomposes ...
    • The New Keynesian Phillips Curve revisited 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (Discussion Papers;No. 500, Working paper, 2007)
      Abstract: Recently, several authors have questioned the evidence claimed by Galí and Gertler (1999) and Galí, Gertler and López-Salido (2001) that a hybrid version of the New Keynesian Phillips Curve approximates European ...
    • Trade liberalisation and import price behaviour : the case of textiles and wearing apparels 

      Benedictow, Andreas; Boug, Pål (Discussion Papers;605, Working paper, 2010)
      Previous studies on the relationship between exchange rates and traded goods prices typically find evidence of incomplete pass-through, usually explained by pricing-to-market behaviour. Although economic theory predicts ...