Browsing Norges Banks vitenarkiv by Author "Halvorsen, Jørn Inge"
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Are Bank Lending Shocks Important for Economic Fluctuations?
Halvorsen, Jørn Inge; Jacobsen, Dag Henning (Working Papers;27/2009, Working paper, 2009)We analyze the importance of bank lending shocks on real activity in Norway and the UK, using structural VARs and based on quarterly data for the past 21 years. The VARs are identified using a combination of sign and ... -
How Does Monetary Policy Respond to Exchange Rate Movements? New International Evidence
Bjørnland, Hilde C.; Halvorsen, Jørn Inge (Working Papers;15/2008, Working paper, 2008)This paper analyzes how monetary policy responds to exchange rate movements in open economies, paying particular attention to the two-way interaction between monetary policy and exchange rate movements. We address this ...