Browsing Artikler / Journal articles by Author "Boug, Pål"
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Did OPEC change its behaviour after the November 2014 meeting?
Boug, Pål; Cappelen, Ådne (Peer reviewed; Journal article, 2021)We analyse the behaviour of OPEC as a group by formulating a theoretical model that encompasses the perfect competition model and various forms of the imperfect competition model. By confronting the theoretical model with ... -
Exact and inexact decompositions of trade price indices
Benedictow, Andreas; Boug, Pål (Peer reviewed; Journal article, 2021) -
Fiscal policy, macroeconomic performance and industry structure in a small open economy
Boug, Pål; von Brasch, Thomas Rolf Lydersen Lystad; Cappelen, Ådne; Hammersland, Roger; Hungnes, Håvard; Kolsrud, Dag; Zhulanova Skretting, Julia; Strøm, Birger; Vigtel, Trond Christian (Peer reviewed; Journal article, 2023)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 ... -
Inflation Dynamics in a Small Open Economy
Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (Journal article; Peer reviewed, 2016-06-13)We evaluate the empirical performance of forward-looking models for inflation dynamicsin a small open economy. Using likelihood-based testing procedures, we find that the exactformulation is at odds with Norwegian data. ... -
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 ...