Blar i Discussion Papers på forfatter "Jansen, Eilev S."

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    • Credit conditions indices : controlling for regime shifts in the Norwegian credit market 

      Jansen, Eilev S.; Krogh, Tord S. H. (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 ...

    • Self-reinforcing effects between housing prices and credit. Evidence from Norway 

      Anundsen, André Kallåk; Jansen, Eilev S. (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 

      Anundsen, André Kallåk; Jansen, Eilev S. (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 ...

    • The consumption Euler equation or the Keynesian consumption function? 

      Boug, Pål; Cappelen, Ådne; Jansen, Eilev S.; Swensen, Anders Rygh (Discussion papers;904, Working paper, 2019-04)
      We formulate a general cointegrated vector autoregressive (CVAR) model that nests both a class of consumption Euler equations and various Keynesian type consumption functions. Using likelihoodbased methods and Norwegian ...

    • 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 ...