Working Paper

It is striking that even military-administered Southeast Asia had comparatively moderate, Latin American-like inflation for much of the war and hyperinflation only near its end

A simple un-weighted average of the estimates ob- tained from the different models included in the suite tracks well the official Norges Bank’s output gap series, which is a

The aim is to estimate the model described in Section 2.1, with monthly, mixed frequency and quarterly data only, and compare the di¤erent estimates of the structural parameters..

In the following, we evaluate the different interest rate rules relative to the FLX rule for different values of the preference parameters for output smoothing λ and

Figure 1 shows the responses of global oil production, real economic activity, the real price of oil, industrial production, consumer prices and the federal funds rate to a one

We interpret the interaction effect as confirmation that by focusing on the turnout difference, we estimate a lower bound for how hydropower income affects the incentive to vote

Some of the arguments for transparency relate to the beneficial effects when private agents understand the central bank reaction function, such that market interest rates

The set of regressors include the Norwegian exchange rate TWI, Norwegian CPI, a trade weighted measure of foreign CPI, the real Norwegian interest rate (based on the 12 month