Browsing Statistics Norway's Open Research Repository (SNORRe) by Subject "JEL classification: C53"

Now showing items 1-10 of 10

    • A linear demand system within a Seemingly Unrelated Time Series Equation framework 

      Raknerud, Arvid; Skjerpen, Terje; Swensen, Anders Rygh (Discussion Papers;No. 345, Working paper, 2003)
      Abstract: We consider a Seemingly Unrelated Time Series Equations framework for the linear Almost Ideal Demand system. The framework is applied to a consumer demand system covering nine non-durable commodities. We test ...

    • A state space approach for estimating VAR models for panel data with latent dynamic components 

      Raknerud, Arvid (Discussion Papers;No. 295, Working paper, 2001)
      Abstract: The econometric literature offers various modeling approaches for analyzing micro data in combination with time series of aggregate data. This paper discusses the estimation of a VAR model that allows unobserved ...

    • Business cycles and fiscal policy: Norway 1973-93 

      Bowitz, Einar; Hove, Stein Inge (Discussion papers;178, Working paper, 1996-08)
      Effects of fiscal policy on macroeconomic variables during 1973-93 are analysed using a disaggregated macroeconometric model of the Norwegian economy. Fiscal policy is measured as deviations from estimated trends for ...

    • Classical identification : a viable road for data to inform structural modeling 

      Hammersland, Roger (Discussion Papers;No. 562, Working paper, 2008)
      Abstract: This paper addresses how to enhance the role of data in structural model design by utilizing structural breaks and superfluous information as auxiliary tools of exact identification. To illustrate the procedure ...

    • The financial accelerator : evidence using a procedure of structural model design 

      Hammersland, Roger; Jacobsen, Dag Henning (Discussion Papers;569, Working paper, 2008)
      We find empirical evidence of a financial accelerator using a data based procedure of Structural Model Design. Credit to firms, asset prices and aggregate economic activity interact over the business cycle in our empirical ...

    • Forecasting key macroeconomic variables from a large number of predictors : a state space approach 

      Raknerud, Arvid; Skjerpen, Terje; Swensen, Anders Rygh (Discussion Papers;No. 504, Working paper, 2007)
      Abstract: We use state space methods to estimate a large dynamic factor model for the Norwegian economy involving 93 variables for 1978Q2–2005Q4. The model is used to obtain forecasts for 22 key variables that can be ...

    • Small continuous surveys and the Kalman filter 

      Lind, Jo Thori (Discussion Papers;No. 333, Working paper, 2002)
      Abstract: The time series nature of repeated surveys is seldom taken into account. I present a statistical model of repeated surveys and construct a computationally feasible estimator based on the Kalman filter. The novelty ...

    • The importance of interest rates for forecasting the exchange rate 

      Bjørnland, Hilde Christiane; Hungnes, Håvard (Discussion Papers;No. 340, Working paper, 2003)
      Abstract: This study compares the forecasting performance of a structural exchange rate model that combines the purchasing power parity condition with the interest rate differential in the long run, with some alternative ...

    • The NOK/euro exhange rate after inflation targeting: : the interest rate rules 

      Bjørnstad, Roger; Jansen, Eilev S. (Discussion Papers;No. 501, Working paper, 2007)
      Abstract: Norway adopted a flexible inflation target in March 2001 following a long period with exchange rate targeting in various forms. The regime shift reverses the causal ordering between changes in the nominal exchange ...

    • Wealth effects on consumption in financial crises: the case of Norway 

      Jansen, Eilev S. (Discussion Papers;No. 616, Working paper, 2010)
      ABSTRACT: A dynamic consumption function, where consumption in the long run is determined by households’ disposable income and wealth, has been superior to the Euler equation in explaining the development of Norwegian ...