Blar i Norges Banks publikasjonsserier / Norges Bank publication series på forfatter "Bache, Ida Wolden"

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    • Assessing Estimates of the Exchange Rate Pass-Through 

      Bache, Ida Wolden (Working Papers;12/2007, Working paper, 2007)
      We investigate optimal horizons for targeting inflation in response to different shocks and their properties under alternative preferences of an inflation-targeting central bank. Our analysis is based on a well specified ...

    • Combining VAR and DSGE Forecast Densities 

      Bache, Ida Wolden; Jore, Anne Sofie; Mitchell, James; Vahey, Shaun P. (Working Papers;23/2009, Working paper, 2009)
      A popular macroeconomic forecasting strategy takes combinations across many models to hedge against instabilities of unknown timing; see (among others) Stock and Watson (2004), Clark and McCracken (2010), and Jore et al. ...

    • Critical Realism and Econometrics 

      Bache, Ida Wolden (Working Papers;4/2003, Working paper, 2003)
      In "Economics and Reality" (1997) Tony Lawson advocates a perspective on social reality labelled critical realism. Critical realism maintains that strict regularities between observable events are the exception rather than ...

    • Econometrics of exchange rate pass-through 

      Bache, Ida Wolden (Doctoral Dissertations in Economics;6, Doctoral thesis, 2007-07)
      Understanding the behaviour of import prices is a key issue for inflation targeting central banks in small open economies. Of particular importance is the responsiveness of import prices to movements in the nominal exchange ...

    • Empirical Modelling of Norwegian Import Prices 

      Bache, Ida Wolden (Working Papers;1/2002, Working paper, 2002)
      In this paper we investigate the formation of Norwegian import prices of manufactures over the period 1970(1)–1998(3), thereby extending the sample period used in the study by Naug and Nymoen (1996). If international goods ...

    • Estimating New Keynesian Import Price Models 

      Bache, Ida Wolden; Naug, Bjørn E. (Working Papers;15/2007, Working paper, 2007)
      We estimate a range of New Keynesian import price models for Norway and the UK. Contrary to standard pass-through regression analysis, this approach allows us to make a distinction between the parameters in theoretical ...

    • Macro Modelling with Many Models 

      Bache, Ida Wolden; Mitchell, James; Ravazzolo, Francesco; Vahey, Shaun P. (Working Papers;15/2009, Working paper, 2009)
      We argue that the next generation of macro modellers at Inflation Targeting central banks should adapt a methodology from the weather forecasting literature known as `ensemble modelling'. In this approach, uncertainty about ...

    • Monetary Policy Analysis in Practice 

      Alstadheim, Ragna; Bache, Ida Wolden; Holmsen, Amund; Maih, Junior; Røisland, Øistein (Staff Memo;11/2010, Working paper, 2010)
      Norges Bank is one of few central banks publishing an interest rate fore- cast. This paper discusses how we derive and communicate the interest rate forecast. To produce the forecasts, the Bank uses a medium-sized small ...

    • Monetary Policy Analysis in Practice - a Conditional Forecasting Approach 

      Bache, Ida Wolden; Brubakk, Leif; Jore, Anne Sofie; Maih, Junior; Nicolaisen, Jon (Staff Memo;8/2010, Working paper, 2010)
      In this paper we provide a broad outline of the forecasting and policy analysis system adopted at Norges Bank.

    • Relationship Between Key Rates and Money Market Rates 

      Bache, Ida Wolden; Bernhardsen, Tom (Economic Commentaries;2/2009, Others, 2009)
      In this note we argue that the pass-through from key policy rates to money market rates has been high in Norway and other countries and remained high during the financial crisis.

    • Revisiting the Importance of Non-Tradable Goods’ Prices in Cyclical Real Exchange Rate Fluctuations 

      Bache, Ida Wolden; Næss, Kjersti; Sveen, Tommy (Working Papers;3/2009, Working paper, 2009)
      In an influential paper Engel (1999. Accounting for U.S. Real Exchange Rate Changes, Journal of Political Economy 107, 507-538) argues that essentially all the fluctuations in the real exchange rate can be attributed to ...

    • Sammenhengen mellom styringsrenten og pengemarkedsrentene 

      Bache, Ida Wolden; Bernhardsen, Tom (Aktuell Kommentar;2/2009, Others, 2009)

    • Simple Rules Versus Optimal Policy: What Fits? 

      Bache, Ida Wolden; Brubakk, Leif; Maih, Junior (Working Papers;3/2010, Working paper, 2010)
      We estimate a small open-economy DSGE model for Norway with two specifications of monetary policy: a simple instrument rule and optimal policy based on an intertemporal loss function. The empirical fit of the model with ...

    • The Price Puzzle: Mixing the Temporary and Permanent Monetary Policy Shocks 

      Bache, Ida Wolden; Leitemo, Kai (Working Papers;18/2008, Working paper, 2008)
      We argue that the correct identification of monetary policy shocks in a vector autoregression requires that the identification scheme distinguishes between permanent and transitory monetary policy shocks. The permanent ...