• Forecasting Inflation with an Uncertain Output Gap 

      Bjørnland, Hilde C.; Brubakk, Leif; Jore, Anne Sofie (Working Papers;2/2006, Working paper, 2006)
      The output gap is a crucial concept in the monetary policy framework, indicating demand pressure that generates inflation. However, its definition and estimation raise a number of theoretical and empirical questions. This ...
    • How New Keynesian Is the US Phillips Curve? 

      Alstadheim, Ragna (Working Papers;25/2013, Working paper, 2013)
      I provide a generalization of Calvo price setting, to include non-overlapping contracts as a special case and embed this in a small DSGE model. The resulting Generalized Phillips Curve (GPC) nests New-Keynesian and ...
    • 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 ...