Browsing Discussion Papers by Author "Hammersland, Roger"
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Classical identification : a viable road for data to inform structural modeling
Hammersland, Roger (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 ... -
The financial accelerator : evidence using a procedure of structural model design
Hammersland, Roger; Jacobsen, Dag Henning (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
Hammersland, Roger; Træe, Cathrine Bolstad (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 ... -
Fiscal policy, macroeconomic performance and industry structure in a small open economy
Boug, Pål; von Brasch, Thomas; Cappelen, Ådne; Hammersland, Roger; Hungnes, Håvard; Kolsrud, Dag; Skretting, Julia; Strøm, Birger; Vigtel, Trond Christian (Discussion Paper;No. 984, Working paper, 2022-07)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 ... -
Why has the Norwegian krone exchange rate been persistently weak? A fully simultaneous VAR approach
Benedictow, Andreas; Hammersland, Roger (Discussion Paper;No. 981, Working paper, 2022-05)We identify variables that help explain the persistent weakness of the Norwegian krone since 2016 within a fully simultaneous model of the underlying process driving the krone-euro exchange rate. In addition to a set of ...