Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Subject "real exchange rate"
Now showing items 1-3 of 3
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Efficient Consumption of Revenues from Natural Resources - an Application to Norwegian Petroleum Revenues
(Working Papers;1/2005, Working paper, 2005)This paper addresses the so-called natural resource curse by devising a rule that can reduce macroeconomic costs associated with the consumption of revenues from natural resources. It assumes that such macroeconomic costs ... -
PPP Despite Real Shocks: An Empirical Analysis of the Norwegian Real Exchange Rate
(Working Papers;7/2000, Working paper, 2000)Despite the emerging consensus on the validity of purchasing power parity (PPP) between trading countries in the long run, empirical evidence in favour of the PPP theory is scarce in data predominantly exposed to real ... -
PPP in the Medium Run Despite Oil Shocks: The Case of Norway
(Working Papers;4/2002, Working paper, 2002)Existing studies generally reject purchasing power parity (PPP) on datasets from countries that have been affected by large real shocks, including Norway. However, we offer strong evidence of PPP between Norway and its ...