Browsing Statistisk sentralbyrås publikasjonsserier / Published by Statistics Norway by Subject "JEL classification: C51"
Now showing items 21-40 of 42
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Identifying structural breaks in cointegrated VAR models
(Discussion Papers;No. 422, Working paper, 2005)Abstract: The paper describes a procedure for decomposing the deterministic terms in cointegrated VAR models into growth rate parameters and cointegration mean parameters. These parameters express long-run properties of ... -
Import price formation and pricing to market: A test on Norwegian data
(Discussion Papers;No. 157, Working paper, 1995)This paper investigates the determinants of Norwegian import prices of manufactures over the period 1970(1) - 1991(4). Multivariate cointegration analysis establishes a long-run relationship between import prices, foreign ... -
Indirect inference methods for stochastic volatility models based on non-Gaussian Ornstein-Uhlenbeck processes
(Discussion Papers;601, Working paper, 2009)This paper aims to develop new methods for statistical inference in a class of stochastic volatility models for financial data based on non-Gaussian Ornstein-Uhlenbeck (OU) processes. Our approach uses indirect inference ... -
Is there a business cycle component in Norwegian macroeconomic quarterly time series?
(Discussion papers;140, Working paper, 1995-01)Some main Norwegian quarterly macroeconomic time series are decomposed into unobserved components within the framework of structural time series models using UCARIMA models. In the most general case we allow for a stationary ... -
Labor supply as a choice among latent job opportunities : a practical empirical approach
(Discussion Papers;No. 481, Working paper, 2006)Abstract: In this paper, we discuss aspects of a particular framework for modeling labor supply and the application of this approach in practical policy simulation experiments. This modeling framework differs from the ... -
Labor supply as a discrete choice among latent jobs
(Discussion papers;709, Working paper, 2012-10)This paper discusses a modeling framework in which workers are assumed to choose their preferred job from latent worker-specific choice sets. This point of departure yields a framework that formalizes the widely used ad ... -
Labor supply as a discrete choice among latent jobs. Unobserved heterogeneity and identification
(Discussion papers;786, Working paper, 2014-09)This paper discusses aspects of a framework for modeling labor supply where the notion of job choice is fundamental. In this framework, workers are assumed to have preferences over latent job opportunities belonging to ... -
Multivariate stochastic volatility models based on non-Gaussian Ornstein-Uhlenbeck processes : a quasi-likelihood approach
(Discussion Papers;614, Working paper, 2010)This paper extends the ordinary quasi-likelihood estimator for stochastic volatility models based on non-Gaussian Ornstein-Uhlenbeck (OU) processes to vector processes. Despite the fact that multivariate modeling of asset ... -
The New Keynesian Phillips curve : does it fit Norwegian data?
(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. ... -
Oil dependency of the Russian economy: an econometric analysis
(Discussion Papers;No. 617, Working paper, 2010)Abstract: A macro econometric model of the Russian economy is developed, containing 13 estimated equations – covering major national account variables, government expenditures and revenues, interest rates, prices and the ... -
Potential demand for alternative fuel vehicles
(Discussion Papers;No. 165, Working paper, 1996)This paper analyzes the potential household demand for alternative fuel vehicles in Norway, by applying data from a stated preference survey. The alternative fuel vehicles we consider are liquid propane gas and electric ... -
Rational expectations in price setting. Tests based on Norwegian export prices
(Discussion Papers;No. 226, Working paper, 1998)This paper uses imperfect competition as a basis for modelling the export price for an aggregated commodity produced by the Norwegian private mainland economy. The long run solution is analysed using a cointegration ... -
Residential end-use electricity demand. Development over time
(Discussion papers;736, Working paper, 2013-04)It is costly and difficult to meter electricity consumption for different end uses, e.g. space heating, lighting and household appliances. We deduce a model for using cross-sectional data for total annual electricity ... -
Residential energy consumption for space heating in Norwegian households : a discrete-continuous choice approach
(Discussion Papers;No. 231, Working paper, 1998)In this paper the demand for space heating energy is estimated by using a discrete-continuous choice model which focuses on the relationship between the choice of heating equipment and energy consumption. The model is ... -
Sectoral labor supply, choice restrictions and functionalform
(Discussion Papers;No. 388, Working paper, 2004)Abstract: In this paper we discuss a general framework for analyzing labor supply behavior in the presence of complicated budget- and quantity constraints of which some are unobserved. The individual’s labor supply ... -
Simulating labor supply behavior when workers have preferences for job opportunities and face nonlinear budget constraints
(Discussion Papers;No. 488, Working paper, 2006)Abstract: This paper analyzes the properties of a particular sectoral labor supply model developed in Dagsvik and Strøm (2006). The model is estimated on labor supply data for married women in Norway 1994. In this model, ... -
The importance of the distribution sector for exchange rate pass-through in a small open economy. A large scale macroeconometric modelling approach
(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
(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
(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 ... -
The NOK/euro exhange rate after inflation targeting: : the interest rate rules
(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 ...