Browsing Norges Banks vitenarkiv by Subject "JEL: C52"
Now showing items 21-26 of 26
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Regional US House Price Formation: One Model Fits All?
(Working Papers;8/2014, Working paper, 2014)Does a "one model fits all" approach apply to the econometric modeling of regional house price determination? To answer this question, we utilize a panel of 100 US Metropolitan Statistical Areas over the period 1980q1-2010q2. ... -
Short-Term Forecasting of GDP and Inflation in Real-Time : Norges Bank’s System for Averaging Models
(Staff Memo;9/2011, Working paper, 2011)In this paper we describe Norges Bank's system for averaging models (SAM) which produces model-based density forecasts for Norwegian Mainland GDP and inflation. We combine the forecasts from three main types of models ... -
Statistical Issues in Macroeconomic Modelling
(Working Papers;12/2000, Working paper, 2000)The paper describes the influx of mathematical statistics in economics. It focuses on an approach to macroeconometric modelling which is based on fundamental statistical concepts like the joint distribution function of all ... -
Testing Steady-State Implications for the NAIRU
(Working Papers;3/2000, Working paper, 2000)Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price ... -
Testing the New Keynesian Phillips Curve
(Working Papers;5/2002, Working paper, 2002)The dynamic properties of the The New Keynesian Phillips curve (NPC) is analysed within the framework of a small system of linear difference equations. We evaluate the empirical results of existing studies which uses ... -
Weights and Pools for a Norwegian Density Combination
(Working Papers;6/2010, Working paper, 2010)We apply a suite of models to produce quasi-real-time density forecasts of Norwegian GDP and inflation, and evaluate different combination and selection methods using the Kullback-Leibler information criterion (KLIC). We ...