• Economic fluctuations in a small open economy – Real versus nominal shocks 

      Bjørnland, Hilde Christiane (Discussion Papers;No. 215, Working paper, 1998)
      This paper analyses the role of real and nominal shocks in explaining business cycles in a small open economy like that of Norway. In particular, we study the sources behind real exchange rate fluctuations since the collapse ...
    • Estimating core inflation : the role of oil price shocks and imported inflation 

      Bjørnland, Hilde Christiane (Discussion Papers;No. 200, Working paper, 1997)
      This paper calculates core inflation, by imposing long run restrictions on a structural vector autoregression (VAR) model containing the growth rate of output, inflation and oil prices. Core inflation is identified as ...
    • Fundamental determinants of the long run real exchange rate: The case of Norway 

      Bjørnland, Hilde Christiane (Discussion Papers;No. 326, Working paper, 2002)
      Abstract: Modelling the Norwegian exchange rate against a basket of currencies, we find a robust long-term link between the real exchange rate and real interest differential that is consistent with purchasing power parity ...
    • Kilder til konjunktursvingninger i norsk økonomi 

      Bjørnland, Hilde Christiane (Journal article, 1998)
      Denne artikkelen analyserer kildene til konjunktursykler i Norge i perioden 1973-1994, ved å bruke en liten økonometrisk modell for en åpen økonomi. Variablene som er inkludert i modellen er; BNP, arbeidsledighet, pris, ...
    • Sources of Business Cycles in Energy Producing Economies – The case of Norway and United Kingdom 

      Bjørnland, Hilde Christiane (Discussion papers;179, Working paper, 1996-08)
      This paper analyses the sources of business cycles in economies that have an important energy producing sector. Especially, I investigate the effects of oil and gas extractions (energy booms) on the manufacturing sector, ...
    • The commodity currency puzzle 

      Bjørnland, Hilde Christiane; Hungnes, Håvard (Discussion Papers;No. 423, Working paper, 2005)
      Abstract: This paper addresses the purchasing power parity (PPP) puzzle for commodity currencies. A substantial part of the literature on commodity currencies has found that, despite controlling for the effect of commodity ...
    • The dynamic effects of aggregate demand, supply and oil price shocks 

      Bjørnland, Hilde Christiane (Discussion Papers;No. 174, Working paper, 1996)
      This paper analyses the dynamic effects of aggregate demand, supply and real oil price shocks on real output and unemployment. Oil price shocks are included explicitly in the model, to investigate their role in explaining ...
    • 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 ...