Blar i Norges Banks vitenarkiv på emneord "wages and prices"
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Econometric Inflation Targeting
(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 ... -
Model Specification and Inflation Forecast Uncertainty
(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 ... -
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 ...