Browsing Discussion Papers by Subject "Inflation"

Now showing items 1-5 of 5

    • Does the CPI mirror costs-of-living? Engel's law suggests not in Norway 

      Larsen, Erling Røed (Discussion Papers;No. 368, Working paper, 2004)
      There is considerable interest in identifying the magnitude of the difference between increases in CPI and costs-of-living, and this article uses the technique proposed by Hamilton (2001) to measure this discrepancy for ...

    • Estimating core inflation : the role of oil price shocks and imported inflation 

      Bjørnland, Hilde Christiane (Discussion Papers;No. 200, Working paper, 1997)
      This paper calculates core inflation, by imposing long run restrictions on a structural vector autoregression (VAR) model containing the growth rate of output, inflation and oil prices. Core inflation is identified as ...

    • Import price formation and pricing to market: A test on Norwegian data 

      Naug, Bjørn E.; Nymoen, Ragnar (Discussion Papers;No. 157, Working paper, 1995)
      This paper investigates the determinants of Norwegian import prices of manufactures over the period 1970(1) - 1991(4). Multivariate cointegration analysis establishes a long-run relationship between import prices, foreign ...

    • 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 New Keynesian Phillips Curve revisited 

      Boug, Pål; Cappelen, Ådne; Swensen, Anders Rygh (Discussion Papers;No. 500, Working paper, 2007)
      Abstract: Recently, several authors have questioned the evidence claimed by Galí and Gertler (1999) and Galí, Gertler and López-Salido (2001) that a hybrid version of the New Keynesian Phillips Curve approximates European ...