Blar i Discussion Papers på emneord "VDP::Samfunnsvitenskap: 200::Økonomi: 210::Økonometri: 214"
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Encompassing tests for evaluating multi-step system forecasts invariant to linear transformations
(Discussion Papers;No. 871, Working paper, 2018-02-12)The paper suggests two encompassing tests for evaluating multi-step system forecasts invariant to linear transformations. An invariant measure for forecast accuracy is necessary as the conclusions otherwise can depend ... -
Equal predictability test for multi-step-ahead system forecasts invariant to linear transformations
(Discussion Paper;No. 931, Working paper, 2020-05)The paper derives a test for equal predictability of multi-step-ahead system forecasts that is invariant to linear transformations. The test is a multivariate version of the Diebold-Mariano test. An invariant metric for ... -
MPC heterogeneity and household balance sheets
(Discussion Papers;No. 852, Working paper, 2016-11-16)Using Norwegian administrative data, we study how sizable lottery prizes affect household expenditure and savings. Expenditure responses (MPCs) spike in the year of winning, with a mean estimate of 0.35, and thereafter ... -
Predicting the exchange rate path: The importance of using up-to-date observations in the forecasts
(Discussion Paper;No. 934, Working paper, 2020-06)Central banks, private banks, statistical agencies and international organizations such as the IMF and OECD typically use information about the exchange rate some weeks before the publication date as the basis for their ... -
Public R&D Support and Firms’ Performance A Panel Data Study
(Discussion Papers;No. 878, Working paper, 2018-06-19)We analyse all the major sources of direct and indirect R&D subsidies in Norway in the period 2002-2013 and compare their effects on individual firms’ performance. Firms that received support are matched with a control ...