Blar i Norges Banks vitenarkiv på forfatter "Nymoen, Ragnar"

Viser treff 1-17 av 17

    • Consumption and Population Age Structure 

      Erlandsen, Solveig K.; Nymoen, Ragnar (Working Papers;22/2004, Working paper, 2004)
      In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed empirically. Economic theories predict that age influences individuals’ saving and consumption behaviour. ...

    • Did Us Consumers ”Save for a Rainy Day” Before the Great Recession? 

      Anundsen, André K.; Nymoen, Ragnar (Working Papers;8/2015, Working paper, 2015)
      The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions ...

    • Econometric Inflation Targeting 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Papers;5/1999, Working paper, 1999)
      Inflation targeting makes the Central Bank’s conditional inflation forecast the operational target for monetary policy. Successful inflation targeting requires knowing the transmission mechanisms to inflation from shocks ...

    • Employment Behaviour in Slack and Tight Labour Markets 

      Akram, Q. Farooq; Nymoen, Ragnar (Working Papers;7/2001, Working paper, 2001)
      Empirical and theoretical studies suggest that employment behaviour varies with the state of the labour market since hiring and firings costs depend on the availability of labour. Extending earlier empirical work on this ...

    • Error-Correction Versus Differencing in Macroeconometric Forecasting 

      Eitrheim, Øyvind; Husebø, Tore Anders; Nymoen, Ragnar (Working Papers;6/1998, Working paper, 1998)
      Recent work by Clements and Hendry have shown why forecasting systems that are in terms of differences, dVARs, can be more accurate than economet- ric models that include levels variables, ECMs. For example, dVAR forecasts ...

    • Measuring Structural Unemployment: Is There a Rough and Ready Answer? 

      Holden, Steinar; Nymoen, Ragnar (Working Papers;9/1998, Working paper, 1998)
      In recent years, the OECD has measured the structural rate of unemployment by an indicator called the Non-Accelerating Wage Rate of Unemployment. The NAWRU indicator is an important element in the policy analysis of the ...

    • Model Selection for Monetary Policy Analysis – Importance of Empirical Validity 

      Akram, Q. Farooq; Nymoen, Ragnar (Working Papers;13/2006, Working paper, 2006)
      We investigate the importance of employing a valid model for monetary policy analysis. Specifically, we investigate the economic significance of differences in specification and empirical validity of models. We consider ...

    • Model Specification and Inflation Forecast Uncertainty 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Papers;6/2000, Working paper, 2000)
      Three classes of inflation models are discussed: Standard Phillips curves, New Keynesian Phillips curves and Incomplete Competition models. Their relative merits in explaining and forecasting inflation are investigated ...

    • Output Gap in the Norwegian Economy – Different Methodologies, Same Result? 

      Frøyland, Espen; Nymoen, Ragnar (Journal article, 2000)
      Potential output is an estimate of the level of output that is consistent over time with the highest possible utilisation of resources in the economy with stable inflation. The output gap measures the difference between ...

    • Produksjonsgapet i norsk økonomi - ulike metoder, samme svar? 

      Frøyland, Espen; Nymoen, Ragnar (Journal article, 2000)
      Den potensielle produksjonen uttrykker den produksjonen som over tid er forenlig med størst mulig utnyttelse av ressursene i økonomien uten at det oppstår tiltakende kostnadspress. Produksjonsgapet måler avviket mellom ...

    • Progress from Forecast Failure — the Norwegian Consumption Function 

      Eitrheim, Øyvind; Jansen, Eilev S.; Nymoen, Ragnar (Working Papers;10/2000, Working paper, 2000)
      After a forecast failure, a respecification is usually necessary to account for the data ex post, in which case there is a gain in knowledge as a result of the forecast failure. Using Norwegian consumption as an example, ...

    • Rente og inflasjon 

      Bårdsen, Gunnar; Nymoen, Ragnar (Arbeidsnotater;2/2002, Working paper, 2002)
      Vi kartlegger årsakssammenhengen mellom pengemarkedsrenten og inflasjon gjennom en makroøkonometrisk modell. Modellen belyser også hvilke typer sjokk en har størst mulighet til å nøytralisere ved hjelp av moderate ...

    • Sentralbanken i forandringens tegn : festskrift til Kjell Storvik 

      Bergo, Jarle; Bøhn, Harald; Ericsson, Neil R.; Grønn, Audun; Grønvik, Gunnvald; Hammerstrøm, Grete; Holmsen, Amund; Holter, Jon Petter; Jansen, Eilev S.; Kerbeshian, Neva A.; Lund, Arild J.; Nicolaisen, Jon; Nyhagen, Bernt; Nymoen, Ragnar; Solheim, Jon A.; Vedel, Eline; Veggum, Leif; Vikøren, Birger; Weme, Sindre; Qvigstad, Jan F. (Norges Banks Skriftserie;28, Book, 1999)

    • Testing Steady-State Implications for the NAIRU 

      Bårdsen, Gunnar; Nymoen, Ragnar (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 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (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 ...

    • The consumption function in Norway. Breakdown and reconstruction 

      Brodin, P. Anders; Nymoen, Ragnar (Working Papers;7/1989, Working paper, 1989)
      In the mid-eighties econometric forecasts and ex post simulations of private consumption in Norway began to show clear signs of "structural breakdown" .This evidence lends itself to two interpretations, distinct in their ...

    • Wages and Profitability: Norwegian Manufacturing 1967Q1 - 1998Q2 

      Bjørnstad, Roger; Nymoen, Ragnar (Working Papers;7/1999, Working paper, 1999)
      Economic theories of imperfectely competitive labour markets predict that wages are linked to profits. In spite of this, profit variables are not explicitely specified in empirical models of wage formation that otherwise ...