Oil Prices, Cyclical Developments and Monetary Policy

High oil and commodity prices may curb international growth. In 2004, the Chinese authorities introduced measures to curb economic growth and prevent an overheating of the

In particular, we find that demand for oil associated with unexpected large global economic activity shocks, such as the early millennium oil price surge of 2003-08 (Aastveit et

Well anchored inflation expectations made monetary policy effective – the reduction in Norges Bank’s key policy rate was perceived as a decline in the real interest rate.. Other

Norway's economy is today characterised by substantial petroleum revenues, sharp growth in government expenditure, a tight labour market and high cost inflation.. High oil prices

Alternative projections based on market expectations regarding future interest rates are also shown. A number of academics 8) have argued for using the optimal interest rate scenario

In sum, ECB’s current and expected future monetary policy surprises have substantial and statistically significant effects on interest rates and asset prices in two developed small

Finland had a small, but positive, implied forward rate differential against Germany, except in the very short term. This may seem odd considering that both Finland and Germany

International effects of importance for the Norwegian economy, such as export market growth, import prices and interest rates are easily extracted from the model.. By combining the