Blar i Statistisk sentralbyrås publikasjonsserier / Published by Statistics Norway på emneord "JEL classification: F31"

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    • Exchange rate pass-through in a Small Open Economy 

      Boug, Pål; Cappelen, Ådne; Eika, Torbjørn (Discussion Papers;No. 429, Working paper, 2005)
      Abstract: Several small open economies switched to inflation targeting during the 1990s, thereby giving up various forms of exchange rate targeting in favour of flexible exchange rates. Norway did the same early in 2001, ...

    • 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 ...

    • Liquidity provision in the overnight foreign exchange market 

      Bjønnes, Geir Høidal; Rime, Dagfinn; Solheim, Haakon O. Aa (Discussion Papers;No. 391, Working paper, 2004)
      Abstract: We presents evidence that non-financial customers are the main liquidity providers in the overnight foreign exchange market using a unique daily data set covering almost all transactions in the SEK/EUR market ...

    • The New Keynesian Phillips curve : does it fit Norwegian data? 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (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. ...

    • Noisy signals in target zone regimes theory and Monte Carlo experiments 

      Holden, Steinar; Kolsrud, Dag; Vikøren, Birger (Discussion Papers;No. 160, Working paper, 1995)
      Previous empirical evidence indicates that uncovered interest rate parity (UIP) does not hold for target zone exchange rates, like those in the European Monetary System and in the Nordic countries. We explore a target zone ...

    • 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 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 ...

    • The importance of the distribution sector for exchange rate pass-through in a small open economy. A large scale macroeconometric modelling approach 

      Boug, Pål; Cappelen, Ådne; Eika, Torbjørn (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 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (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 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 ...

    • Using Engel curves to estimate purchasing power parity : a case study of the computation of the exchange rate between the Norwegian krone and the U.S. dollar 

      Larsen, Erling Røed (Discussion Papers;580, Working paper, 2009)
      Standard practice of estimating purchasing power parities (PPP) involves using prices, in domestic currencies, of a common basket of goods and services, then calculating the price-equalizing exchange rate. In this article, ...