Now showing items 1-10 of 145
Measuring Structural Unemployment: Is There a Rough and Ready Answer?
(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 ...
Error-Correction Versus Differencing in Macroeconometric Forecasting
(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 ...
Unemployment. Labour Market Programmes and Wages in Norway
(Working Papers;11/1997, Working paper, 1997)
The Norwegian authorities pursue active labour market policies to fight unemployment by qualifying the unemployed in a wide range of programmes. We discuss theoretically and investigate empirically the effects such policies ...
A Test of Uncovered Interest Rate Parity for Ten European Countries Based on Bottstrapping and Panel Data Models
(Working Papers;9/1997, Working paper, 1997)
Based on both single country models and panel data models uncovered interest rate parity is tested for ten European countries relative to Germany by regressing exchange rate changes on interest rate differentials. The ...
Banks as Multioutput Oligopolies: An Empirical Evaluation of the Retail and Corporate Banking Markets
(Working Papers;10/1994, Working paper, 1994)
The distinction between retail and corporate banking markets is of much importance in real life banking organizations. The two markets differ with respect to concentration, the importance of informational asymmetries, and ...
Early Warning Indicators for Norwegian Banks: A Logit Analysis of the Experiences from the Banking Crisis
(Working Papers;1/1994, Working paper, 1994)
Most existing early warning studies for the banking industry are based on U.S. data. The present paper considers the experiences made during the Norwegian banking crisis 1988- 92. The performance of a set of possible early ...
Inference in small cointegrated systems: some Monte Carlo results
(Working Papers;9/1991, Working paper, 1991)
The Johansen procedure for testing and estimating cointegration models is analysed from a practitioner's perspective. We adress the robustness of the cointegration tests in small samples and with respect to particular types ...
Inn i den svarte boksen: Om kausalitet i makroøkonomiske modeller
(Arbeidsnotater;13/1994, Working paper, 1994)
Temaet for dette arbeidet er modellteknisk og deterministisk og dreier seg om samspillet mellom variablene i makromodeller. Ved hjelp av begreper fra grafeteorien blir det gitt svar på spørsmål som Hvordan kan det kartlegges ...
How Does Norges Bank Influence Interest Rates? : chronicle in Finansavisen
Norsk økonomi. Kan den styres i en global verden?