Browsing Arbeidsnotater / Working Papers by Author "Ulvedal, Pål"

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    • Estimating hysteresis effects 

      Furlanetto, Francesco; Robstad, Ørjan; Ulvedal, Pål; Lepetit, Antoine (Working Paper;13/2020, Working paper, 2020)
      In this paper we extend the standard Blanchard-Quah decomposition to enable fluctuations in aggregate demand to have a long-run impact on the productive capacity of the economy through hysteresis effects. These demand ...

    • What drives the recent surge in inflation? The historical decomposition roller coaster 

      Bergholt, Drago; Canova, Fabio; Furlanetto, Francesco; Maffei-Faccioli, Nicolò; Ulvedal, Pål (Working paper;7/2024, Working paper, 2024)
      What drives the recent inflation surge? To answer this question, one must decompose inflation fluctuations into the contribution of structural shocks. We document how whimsical such a historical shock decomposition can be ...