• ECB Spillovers and Domestic Monetary Policy Effectiveness in Small Open Economies 

      ter Ellen, Saskia; Jansen, Edvard; Midthjell, Nina Larsson (Working Paper;9/2018, Working paper, 2018)
      In this paper we study financial spillovers from the European Central Bank's (ECB) monetary policy and communication, and whether they have consequences for the effectiveness of domestic monetary policy of small open ...
    • Flexible Inflation Targeting and Financial Stability: Is It Enough to Stabilise Inflation and Output? 

      Akram, Q. Farooq; Eitrheim, Øyvind (Working Papers;7/2006, Working paper, 2006)
      We investigate empirically whether a central bank can promote financial stability by stabilizing inflation and output, and whether additional stabilization of asset prices and credit growth would enhance financial stability ...
    • Identifying the Interdependence Between Us Monetary Policy and the Stock Market 

      Bjørnland, Hilde C.; Leitemo, Kai (Working Papers;4/2008, Working paper, 2008)
      We estimate the interdependence between US monetary policy and the S&P 500 using structural VAR methodology. A solution is proposed to the simultaneity problem of identifying monetary and stock price shocks by using a ...
    • Monetary Policy and Asset Prices: To Respond or Not? 

      Akram, Q. Farooq; Bårdsen, Gunnar; Eitrheim, Øyvind (Working Papers;9/2005, Working paper, 2005)
      We investigate whether there is a case for asset prices in interest rates rules within a small econometric model of the Norwegian economy, modeling the interdependence of the real economy, credit and three classes of ...