Now showing items 1-20 of 674

    • 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 ...
    • Nonlinear Wage Responses to Internal and External Factors 

      Johansen, Kåre (Working Paper Series, 1503-299X; 2002:9, Research report, 2002)
      The paper tests whether or not the effects on sectoral wages of internal and external factors depend upon the sector’s relative wage position. The key hypothesis is that workers in low—wage sectors are more concerned with ...
    • Public Employment and Regional Risk Sharing: Norway 1977-90 

      Borge, Lars-Erik; Matsen, Egil (Working Paper Series, 1503-299X; 2002:8, Research report, 2002)
      We provide an empirical analysis of regional risk sharing in Norway over the period 1977-90. The approach of Asdrubali, Sørensen and Yosha (1996) is extended to take account of public employment as a possible shock absorber. ...
    • A Smooth-Transition Model of the Australian Unemployment Rate 

      Bårdsen, Gunnar; Hurn, Stan; McHugh, Zoë (Working Paper Series, 1503-299X; 2002:10, Research report, 2002)
      Models of the aggregate unemployment rate have traditionally been estimated from structural models of the labour market or in a linear single-equation framework. However, theory as well as evidence suggest that the ...
    • Hysteresis in Unemployment: Evidence from Norwegian Counties 

      Johansen, Kåre (Working Paper Series, 1503-299X; 2002:6, Research report, 2002)
      The paper tests hysteresis effects in unemployment using aggregate and panel data for Norway. While tests using aggregate or county—specific time series do not reject the null of unit root hysteresis, the panel tests firmly ...
    • Plastkraft - gullgruve eller miljøbombe? 

      Olaussen, Jon Olaf (Working Paper Series, 1503-299X; 2002:7, Research report, 2002)
    • Designing Social Security – A Portfolio Choice Approach 

      Matsen, Egil; Thøgersen, Øystein (Working Paper Series, 1503-299X; 2002:11, Research report, 2002)
      Public social security systems may provide diversification of risks to individuals’ life-time income. Capturing that a pay-as-you-go program (paygo) may be considered as a “quasiasset”, we study the optimal size of the ...
    • Testing Steady-State Implications for the NAIRU 

      Bårdsen, Gunnar (Working Paper Series, 1503-299X; 2002:16, Research report, 2002)
      Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price ...
    • Modelling Wages and Prices in Australia 

      Bårdsen, Gunnar; Hurn, Stan; McHugh, Zoë (Working Paper Series, 1503-299X; 2002:12, Research report, 2002)
      This paper estimates a simultaneous-equation model of wages and prices for Australia, underpinned by a competing claims framework of imperfect competition. Two separate cointegrating relationships for wages and prices are ...
    • 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 ...
    • Absence and Overtime Work: Empirical Evidence from Norway 

      Dyrstad, Jan Morten; Ose, Solveig Osborg (Working Paper Series, 1503-299X; 2001:26, Research report, 2002)
      This paper presents both theoretical and empirical analyses of the relationship between overtime work and absence. Demand for absence is analysed under the assumption that workers in a given firm can be represented by one ...
    • International Spillovers, Productivity Growth and Openness in Thailand: An Intertemporal General Equilibrium Analysis 

      Diao, Xinshen (Working Paper Series, 1503-299X; 2002:22, Research report, 2002)
      Thailand has experienced economic growth well above world averages for about 40 years. It is a challenge to understand the sources of this high growth path, and in particular why growth has not slowed down with assumed ...
    • Non-linear Unemployment Effects in Sickness Absence: Discipline or Composition Effects? 

      Dyrstad, Jan Morten; Ose, Solveig Osborg (Working Paper Series, 1503-299X; 2002:25, Research report, 2002)
      By applying Smooth Transition Regressions (Teräsvirta, 1998) we test whether effects on short (STA) and long term (LTA) sickness absence depend on the level of unemployment. The main question is to what extent unemployment ...
    • Learning by Exporting and Productivity-Investment Interaction: An Intertemporal General Equilibrium Analysis of the Growth Process in Thailand 

      Diao, Xinshen; Rattsø, Jørn; Stokke, Hildegunn E. (Working Paper Series, 1503-299X; 2002:24, Research report, 2002)
      While the discussion of Thailand and East Asian growth has been a controversy between capital accumulation and productivity stories, we analyze the general equilibrium interaction between productivity and investment in an ...
    • Wage Bargaining and Employer Objectives 

      Falch, Torberg (Working Paper Series, 1503-299X; 2002:24, Research report, 2002)
      This paper compares union wage bargaining outcomes across different types of employers. Five different employer objectives are discussed; profit–, welfare– and output maximization, and two specifications of a Leviathan. ...
    • Wages and Subjective Assessments of Regional Labour Market Pressure 

      Carlsen, Fredrik; Johansen, Kåre (Working Paper Series, 1503-299X; 2002:20, Research report, 2002)
      We utilise a rich set of regional labour market variables to explain regional variation in Norwegian manufacturing wages. In particular, regional indicators of labour market pressure are computed from survey data in which ...
    • 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 ...
    • Survey-based Indicators of Regional Labour Markets and Interregional Migration in Norway 

      Carlsen, Fredrik; Johansen, Kåre (Working Paper Series, 1503-299X; 2002:14, Research report, 2002)
      A rich set of regional labour market variables is utilised to explain interregional migration in Norway. In particular, regional indicators of labour market pressure are computed from survey data in which respondents are ...
    • International Diversification, Growth, and Welfare with Non-Traded Income Risk and Incomplete Markets 

      Matsen, Egil (Working Paper Series, 1503-299X; 2002:17, Research report, 2002)
      We ask how the potential benefits from cross-border asset trade are affected by the presence of non-traded income risk in incomplete markets. We show that the mean consumption growth may be lower with full integration than ...
    • Regional Wage Curves Empirical Evidence from Norway 

      Johansen, Kåre (Working Paper Series, 1503-299X; 2002:3, Research report, 2002)
      The papers studies wage formation using panel data for a large sample of Norwegian municipalities covering the time period 1970—1992. The main conclusions are the following. Regional manufacturing wages are negatively ...