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dc.contributor.advisorMork, Knut Anton
dc.contributor.authorOlsen, Eirik Rønningstad
dc.date.accessioned2018-10-01T08:23:44Z
dc.date.available2018-10-01T08:23:44Z
dc.date.issued2018
dc.identifier.urihttp://hdl.handle.net/11250/2565379
dc.description.abstractThis paper aims to investigate the transmission mechanism of monetary policy under inflation targeting regime in Norway with a vector autoregression (VAR). I exploit monetary policy shocks to ensure a causal relationship between the macroeconomic variables. These structural shocks are identified through Cholesky decomposition of the variance/covariance matrix in a reduced form VAR after imposing short run restrictions. The intertemporal relationships are illustrated with impulse responses. I find that a contractionary monetary policy shock lead to a sluggish decrease in production, an immediate appreciation in the exchange rate and a temporary rise in inflation. The results indicate that monetary policy has statistically significant effect on macroeconomic variables.nb_NO
dc.language.isoengnb_NO
dc.publisherNTNUnb_NO
dc.titleAn empirical study of monetary policy shocks in Norwaynb_NO
dc.typeMaster thesisnb_NO
dc.subject.nsiVDP::Samfunnsvitenskap: 200nb_NO
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212nb_NO
dc.source.pagenumber27nb_NO


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