Browsing Statistisk sentralbyrås publikasjonsserier / Published by Statistics Norway by Subject "JEL classification: E44"
Now showing items 1-9 of 9
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Classical identification : a viable road for data to inform structural modeling
(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 ... -
Credit conditions indices : controlling for regime shifts in the Norwegian credit market
(Discussion Papers;646, Working paper, 2011)The interaction between financial markets and the macroeconomy can be strongly affected by changes in credit market regulations. In order to take account of these effects we control explicitly for regime shifts in a system ... -
Determinants of long-term interest rates in the Scandinavian countries
(Discussion Papers;No. 469, Working paper, 2006)Abstract: The financial markets in a small open economy like the Scandinavian countries are influenced by international economic developments, especially in their major trading partners. This paper investigates to which ... -
The financial accelerator : evidence using a procedure of structural model design
(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 ... -
The Financial accelerator and the real economy. Self-reinforcing feedback loops in a core macro econometric model for Norway
(Discussion Papers;No. 668, Working paper, 2011)Abstract: This paper gives a brief description and studies the salient features of a core macro-econometric model that allows for self-reinforcing co-movements between credit, asset prices and real economic activity, often ... -
Financial deregulation and household saving : the Norwegian experience revisited
(Discussion Papers;No. 361, Working paper, 2003)Abstract: I use new micro data to study the effects of credit deregulation on the Norwegian household savings decline in the mid-1980s. This paper has three main findings. First, the decline in saving started in 1983, ... -
Markets where buyers also are sellers : how realized home equity may work as an accelerator of house prices
(Discussion Papers;No. 618, Working paper, 2010)Abstract: The house price level is a function of buyers’ realized home equity, and buyers’ realized home equity is a function of the house price level. This interdependence follows from the fact that buyers are sellers ... -
Self-reinforcing effects between housing prices and credit. Evidence from Norway
(Discussion Papers;No. 651, Working paper, 2011)Abstract: The interaction between housing prices and household borrowing in Norway is estimated in a simultaneous setting in the long and the short run. The long run dependence is analyzed within a cointegrated vector ... -
Self-reinforcing effects between housing prices and credit: an extended version
(Discussion papers;756, Working paper, 2013-10)The financial crisis has brought the interaction between housing prices and household borrowing into the limelight of economic policy debate. This paper examines the nexus of housing prices and credit in Norway within a ...