Blar i Arbeidsnotater / Working Papers på forfatter "Wilhelmsen, Bjørn-Roger"
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Monetary Policy Predictability in the Euro Area: An International Comparison
Wilhelmsen, Bjørn-Roger; Zaghini, Andrea (Working Papers;7/2005, Working paper, 2005)The paper evaluates the ability of market participants to anticipate monetary policy decisions in the euro area and in 13 other countries. First, by looking at the magnitude and the volatility of the changes in the money ... -
The Natural Real Interest Rate and the Output Gap in the Euro Area: A Joint Estimation
Garnier, Julien; Wilhelmsen, Bjørn-Roger (Working Papers;14/2005, Working paper, 2005)The notion of a natural real rate of interest, due to Wicksell (1936), is widely used in current central bank research. The idea is that there exists a level at which the real interest rate would be compatible with output ...