Now showing items 21-23 of 23

    • 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 ...
    • Will it float? The New Keynesian Phillips curve tested on OECD panel data 

      Bjørnstad, Roger; Nymoen, Ragnar (Discussion Papers;No. 463, Working paper, 2006)
      Abstract: Galí, Gertler and Lòpez-Salido (2005), GGL, assert that the hybrid New Keynesian Phillips curve, NPC, is robust to different choices of estimation procedure and so some forms of specification bias. Specifically, ...