Browsing NTNU Open by Author "Jansen, Eilev S."

Now showing items 1-5 of 5

    • Econometric Inflation Targeting 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Paper Series, 1503-299X; 2002:5, Research report, 2002)
      Inflation targeting requires inflation forecasts, yet most models in the literature are either theoretical or calibrated. The motivation for this paper is therefore threefold: We seek to test and implement an econometric ...

    • Model Specification and Inflation Forecast Uncertainty 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Paper Series, 1503-299X; 2002:13, Research report, 2002)
      Three classes of inflation models are discussed: Standard Phillips curves, New Keynesian Phillips curves and Incomplete Competition models. Their relative merits in explaining and forecasting inflation are investigated ...

    • Modelling Inflation in the Euro Area 

      Jansen, Eilev S. (Working Paper Series, 1503-299X; 2004:6, Research report, 2004)
      The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the ...

    • Testing for a time-varying price-cost markup in the Euro area inflation process 

      Bowdler, Christopher; Jansen, Eilev S. (Working Paper Series, 1503-299X; 2004:5, Research report, 2004)
      Empirical models of inflation often incorporate equilibrium correction effects based upon levels of prices and input costs. Such models assume that the steady-state price-cost markup is constant, but recent research suggests ...

    • The Empirical (ir)Relevance of the New Keynesian Phillips Curve 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Paper Series, 1503-299X; 2002:21, Research report, 2002)
      We give an appraisal of the New Keynesian Phillips curve (NPC) as an empirical model of European inflation. We show that existing evidence reported in favour of the NPC on Euro-area and country data is due to a corroborative ...