Browsing Norges Banks vitenarkiv by Author "Cross, Jamie L."

Now showing items 1-5 of 5

    • The drivers of emission reductions in the European carbon market 

      Bjørnland, Hilde C.; Cross, Jamie L.; Kapfhammer, Felix (Working paper;1/2024, Working paper, 2024)
      This paper studies the drivers of emission reductions in the carbon market of the European Union Emission Trading System (EU ETS) since its inception in 2005. We introduce a novel empirical framework that facilitates the ...

    • Inflation expectations and the pass-through of oil prices 

      Aastveit, Knut Are; Bjørnland, Hilde C.; Cross, Jamie L. (Working Paper;5/2020, Working paper, 2020)
      Do inflation expectations and the associated pass-through of oil price shocks depend on demand and supply conditions underlying the global market for crude oil? We answer this question with a novel structural vector ...

    • Quantifying time-varying forecast uncertainty and risk for the real price of oil 

      Aastveit, Knut Are; Cross, Jamie L.; van Dijk, Herman K. (Working Paper;3/2021, Working paper, 2021)
      We propose a novel and numerically efficient quantification approach to forecast uncertainty of the real price of oil using a combination of probabilistic individual model forecasts. Our combination method extends earlier ...

    • Taylor rules with endogenous regimes 

      Aastveit, Knut Are; Cross, Jamie L.; Furlanetto, Francesco; van Dijk, Herman K. (Working paper;9/2024, Working paper, 2024)
      The Fed’s policy rule switches during the different phases of the business cycle. This finding is established using a dynamic mixture model to estimate regime-dependent Taylor-type rules on US quarterly data from 1960 to ...

    • Unveiling inflation: oil shocks, supply chain pressures, and expectations 

      Aastveit, Knut Are; Bjørnland, Hilde C.; Cross, Jamie L.; Kalstad, Helene Olsen (Working paper;12/2024, Working paper, 2024)
      This paper demonstrates that inflation expectations have acted as significant amplifiers of recent global demand and supply shocks, thereby playing a crucial role in maintaining inflation at relatively high levels. This ...