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Central Bank Research Hub - Central Bank of Norway Working Papers



Does the law of one price hold in international financial markets? Evidence from tick data

by Q. Farooq Akram, Dagfinn Rime and Lucio Sarno2008/19
(04 Nov 2008)
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The price puzzle: Mixing the temporary and permanent monetary policy shocks

by Ida Wolden Bache and Kai Leitemo2008/18
(04 Nov 2008)
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RBCs and DSGEs: The computational approach to business cycle theory and evidence

by Özer Karagedikli, Troy Matheson, Christie Smith and Shaun Vahey,2008/17
(27 Oct 2008)
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Oil price shocks and stock market booms in an oil exporting country

by Hilde C. Bjørnland,2008/16
(27 Oct 2008)
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How does monetary policy respond to exchange rate movements? New international evidence

by Hilde C. Bjørnland and Jørn I. Halvorsen2008/15
(22 Oct 2008)
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Monetary policy under the gold standard - examining the case of Norway, 1893-1914

by Lars Fredrik Øksendal2008/14
(30 Sep 2008)
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The dynamics of operating income in the Norwegian banking sector

by Henrik Andersen, Sigbjørn Atle Berg and Eilev S. Jansen2008/13
(21 Aug 2008)
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Commodity prices, interest rates and the dollar

by Q. Farooq Akram,2008/12
(21 Aug 2008)
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Liquidity and the business cycle

by Randi Næs, Johannes A. Skjeltorp and Bernt Arne Ødegaard2008/11
(28 Jul 2008)
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Fiscal shocks and real rigidities

by Francesco Furlanetto and Martin Seneca2008/10
(23 Jun 2008)
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Liquidity at the Oslo Stock Exchange

by Randi Næs, Johannes A. Skjeltorp and Bernt Arne Ødegaard2008/09
(08 May 2008)
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The power of weather. Some empirical evidence on predicting day-ahead power prices through weather forecasts

by Christian Huurman, Francesco Ravazzolo and Chen Zhou2008/08
(08 May 2008)
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Does monetary policy react to asset prices? Some international evidence

by Francesco Furlanetto2008/07
(08 May 2008)
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On the design of monetary policy committees

by Alan S. Blinder2008/06
(30 Apr 2008)
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Business cycle analysis and VARMA models

by Christian Kascha and Karel Mertens2008/05
(30 Apr 2008)
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Identifying the interdependence between US monetary policy and the stock market

by Hilde C. Bjørnland and Kai Leitemo2008/04
(10 Apr 2008)
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The risk components of liquidity

by Lorán Chollete, Randi Næs and Johannes A. Skjeltorp2008/03
(11 Mar 2008)
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Failure prediction of Norwegian banks: A Logit approach

by Henrik Andersen2008/02
(04 Mar 2008)
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Combining forecast densities from VARs with uncertain instabilities

by Anne Sofie Jore, James Mitchell and Shaun P. Vahey2008/01
(24 Jan 2008)
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Assessing estimates of the exchange rate pass-through

by Ida Wolden Bache Research Department2007/12
(11 Jan 2008)
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Liquidity and asset pricing: Evidence on the role of investor holding period

by Randi Næs and Bernt Arne Ødagaard2007/11
(11 Jan 2008)
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Estimating the natural rates in a simple New Keynesian framework

by Hilde C. Bjørnland, Kai Leitemo and Junior Maih2007/10
(11 Jan 2008)
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Nowcasting Norwegian GDP: The role of asset prices in a small open economy

by by Knut Are Aastveit and Tørres G. Trovik2007/09
(11 Jan 2008)
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2007

Hvilke faktorer driver kursutviklingen Oslo Børs?

by Randi Næs, Johannes A. Skjeltorp og Bernt Arne Ødegaard Forskningsavdelingen2007/08
(18 Dec 2007)
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Aggregating judgments on dependent variables: An (Im)possibility result

by Carl Andreas Claussen and Øistein Røisland2007/07
(14 Dec 2007)
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Monetary policy under uncertainty: Min-max vs robust-satisficing strategies

by Yakov Ben-Haim, Q. Farooq Akram and Øyvind Eitrheim.2007/06
(05 Dec 2007)
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Rule-of-thumb consumers, productivity and hours

by Francesco Furlanetto and Martin Seneca2007/05
(14 Nov 2007)
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Life-cycle patterns of interest rate markups in small firm finance (JEL G21, L15)

by Moshe Kim, Eirik Gaard Kristiansen and Bent Vale2007/04
(11 Sep 2007)
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What captures liquidity risk? A comparison of trade and order based liquidity factors (JEL G12, G14)

by Lorán Chollete, Randi Næs and Johannes A. Skjeltorp2007/03
(28 Jun 2007)
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Exchange rate forecasting, order flow and macroeconomic information

by Dagfinn Rime, Lucio Sarno and Elvira Sojli2007/02
(Apr 2007)
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Are real wages rigid downwards?

by Steinar Holden and Fredrik Wulfsberg2007/01
(Apr 2007)
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2006

Model selection for monetary policy analysis - Importance of empirical validity (JEL C52, E31, E52)

by Q. Farooq Akram and Ragnar Nymoen2006/13
(Dec 2006)

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Banks' optimal implementation strategies for a risk sensitive regulatory capital rule: a real options and signalling approach (JEL G13, G21, G28, G32)

by Kjell Bjørn Nordal2006/12
(Dec 2006)

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Government Spending and the Taylor Principle (JEL E32, E52, E63)

by Gisle James Natvik2006/11
(Dec 2006)

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Managing uncertainty through robust-satisficing monetary policy (JEL E31, E52, E58, E61)

by Q. Farooq Akram, Yakov Ben-Haim and Øyvind Eitrheim2006/10
(Oct 2006)

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Pursuing financial stability under an inflation-targeting regime (JEL C51, C52, C53, E47, E52)

by By Q. Farooq Akram, Gunnar Bårdsen and Kjersti-Gro Lindquist2006/08
(Sep 2006)

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U.S. banking deregulation, small businesses, and interstate insurance of personal income

by Yuliya Demyanyk, Charlotte Ostergaard and Bent E. Sørensen2006/09
(Sep 2006)

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Flexible inflation targeting and financial stability: Is it enough to stabilise inflation and output? (JEL C51, C52, C53, E47, E52)

by Q. Farooq Akram and Øyvind Eitrheim2006/07
(Sep 2006)

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Firm-specific capital, nominal rigidities, and the Taylor principle (JEL E22, E31)

by Tommy Sveen and Lutz Weinke2006/06
(May 2006)

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When does an interest rate path "look good"? Criteria for an appropriate future interest rate path (JEL E42, E52, E58)

by Jan F. Qvigstad2006/05
(May 2006)

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Firm-specific capital and welfare (JEL E22, E31, E52)

by Tommy Sveen and Lutz Weinke2006/04
(Apr 2006)

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Price-level determinacy, lower bounds on the nominal interest rate, and liquidity traps

by Ragna Alstadheim and Dale Henderson2006/03
(Apr 2006)

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Forecasting inflation with an uncertain output gap (JEL C32, E31, E32, E37)

by Hilde C. Bjørnland, Leif Brubakk and Anne Sofie Jore2006/02
(Mar 2006)

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Evaluation of macroeconomic models for financial stability analysis (JEL E1, E4, E5, G1, G2)

by Gunnar Bårdsen, Kjersti-Gro Lindquist and Dimitrios P. Tsomocos2006/01
(Feb 2006)

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2005

Monetary policy and exchange rate interactions in a small open economy, (May 2005, revised version December 2005) (JEL C32, E52, F31, F41)

by Hilde C. Bjørnland2005/16
(Dec 2005)

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Portfolio choice when managers control returns (JEL D81, D82, G11)

by Julien Egil Matsen2005/15
(Dec 2005)

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The natural real interest rate and the output gap in the euro area: A joint estimation (JEL C32, E43, E52, O40)

by Julien Garnier and Bjørn-Roger Wilhelmsen2005/14
(Dec 2005)

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"Large" vs. "small" players: A closer look at the dynamics of speculative attacks (JEL F31, F41, G15)

by Geir H. Bjønnes, Steinar Holden, Dagfinn Rime and Haakon O.Aa. Solheim2005/13
(Nov 2005)

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Arbitrage in the foreign exchange market: Turning on the microscope (JEL F31, F41, G14, G15)

by Q. Farooq Akram, Dagfinn Rime and Lucio Sarno2005/12
(Nov 2005)

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Monetary policy and the illusionary exchange rate puzzle (JEL C32, E52, F31, F41)

by Hilde C. Bjørnland2005/11
(Nov 2005)

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Strategic bank monitoring and firms' debt structure (JEL D82, G21, G32, L14)

by Eirik Gaard Kristiansen2005/10
(Oct 2005)

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Monetary policy and asset prices: To respond or not? (JEL C51, C52, C53, E47, E52)

by Q. Farook Akram, Gunnar Bårdsen and Øyvind Eitrheim2005/09
(Oct 2005)

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What determines banks' market power? Akerlof versus Herfindahl (JEL G21, L15)

by Moshe Kim, Eirik Gaard Kristiansen and Bent Vale2005/08
(Sep 2005)

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Monetary policy predictability in the euro area: An international comparison (JEL E4, E5, G1)

by Bjørn-Roger Wilhelmsen and Andrea Zaghini2005/07
(Sep 2005)

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Is lumpy investment really irrelevant for the business cycle? (JEL E22, E31, E32)

by Tommy Sveen and Lutz Weinke2005/06
(Aug 2005)

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Is the price level in Norway determined by fiscal policy? (JEL E60, E63)

by Ragna Alstadheim.2005/05
(Aug 2005)

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Inflation inertia and the optimal hybrid inflation/price-level target (JEL E52, E61, E63)

by Øistein Røisland.2005/04
(Jul 2005)

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Collective economic decisions and the discursive dilemma (JEL D71, E60)

by Carl Andreas Claussen and Øistein Røisland.2005/03
(Jun 2005)

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Non-linear dynamics in output, real exchange rates and real money balances: Norway, 1830-2003 (JEL C51, E32, E41, F31)

by Q. Farook Akram, Øyvind Eitrheim amd Lucio Sarno2005/02
(Jun 2005)

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Efficient consumption of revenues from natural resources - An application to Norwegian petroleum revenues (JEL F17, F41, F47, Q38)

by Q. Farooq Akram2005/01
(Mar 2005)

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2004

Consumption and population age structure

by Solveig K. Erlandsen and Ragnar Nymoen2004/22
(Dec 2004)

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House prices in Norway 1819-1989

by Øyvind Eitrheim and Solveig K. Erlandsen2004/21
(Dec 2004)

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Who was in the driving seat in Europe during the nineties, International financial markets or the BUBA?

by Roger Hammersland2004/20
(Dec 2004)

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The degree of independence in European goods markets: An I(2) analysis of German and Norwegian trade data

by Roger Hammersland2004/19
(Dec 2004)

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Savers, spenders and fiscalpolicy in a small open economy

by Egil Matsen, Tommy Sveen and Ragnar Torvik2004/18
(Dec 2004)

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En effisient handlingsregel for bruk av petroleumsinntekter

by Q. Farooq Akram2004/17
(Dec 2004)

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Oil wealth and real exchange rates: The FEER for Norway

by Q. Farooq Akram2004/16
(Dec 2004)

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Large T and small N: A three-step approach to the identification of cointegrating relationships in time series models with a small cross-sectional dimension

by Roger Hammersland2004/15
(Dec 2004)

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Wage formation under low inflation

by Steinar Holden2004/14
(Dec 2004)

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Liquidity provision in the overnight foreign exchange market

by Geir Høidal Bjønnes, Dagfinn Rime and Haakon O.Aa. Solheim2004/13
(Dec 2004)

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Firm-Specific Investment, Sticky Prices, and the Taylor Principle (JEL E22, E31)

by Tommy Sveen and Lutz Weinke2004/12
(Sep 2004)

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Cross-Border Diversification in Bank Asset Portfolios (JEL E44, F40, G11, G21)

by Claudia M. Buch, John C. Driscoll and Charlotte Østergaard2004/11
(Sep 2004)

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Modelling inflation in the Euro Area (JEL C22, C32, C52, C53, E31)

by Eilev S. Jansen2004/10
(Sep 2004)

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Testing for a time-varying price-cost markup in the Euro area inflation process (JEL C22, C32, E31)

by Christopher Bowdler and Eilev S. Jansen2004/09
(Aug 2004)

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The market impact and timing of open market share repurchases in Norway (JEL G14, G32)

by Johannes A. Skjeltorp2004/08
(Aug 2004)

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The ownership structure of repurchasing firms (JEL G10, G32, G35)

by Johannes A. Skjeltorp and Bernt-Arne Ødegaard2004/07
(Jul 2004)

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Ownership structure and stock market liquidity (JEL G10, G32)

by Randi Næs2004/06
(Jun 2004)

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Downward nominal wage rigidity in Europe

by Steinar Holden and Fredrik Wulfsberg2004/05
(May 2004)

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A European-type wage equation from an American-style labor market: Evidence from a panel of Norwegian manufacturing industries in the 1930s (JEL E24, N24)

by Gunnar Bårdsen, Jurgen Doornik and Jan Tore Klovland2004/04
(Apr 2004)

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New perspectives on capital and sticky prices (JEL E22, E31)

by Tommy Sveen and Lutz Weinke2004/03
(Mar 2004)

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Aggregate bankruptcy probabilities and their role in explaining banks' loan losses (JEL C81, G21)

by Olga Andreeva2004/02
(Feb 2004)

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Pitfalls in the modelling of forward-looking price setting and investment behavior (JEL E22, E31)

by Tommy Sveen and Lutz Weinke2004/01
(Jan 2004)

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2003

Banks' buffer capital: How important is risk? (JEL C33, G21, G32)

by Kjersti-Gro Lindquist2003/11
(Nov 2003)

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Dealer behavior and trading systems in foreign exchange markets (JEL F31, F33, G15)

by Geir Høidal Bjønnes and Dagfinn Rime2003/10
(Oct 2003)

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Strategic investor behaviour and the volume-volatility relation in equity markets (JEL G10, G20)

by Randi Næs and Johannes A. Skjeltorp2003/09
(Sep 2003)

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Costs and income in the Norwegian payment system 2001. (JEL G21, M1)

by Olaf Gresvik and Grete Øwre2003/08
(Aug 2003)

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Volume and volatility in the FX market: Does it matter who you are? (JEL F31)

by Geir H. Bjønnes, Dagfinn Rime and Haakon O.Aa. Solheim2003/07
(Jul 2003)

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Scale economies, bank mergers, and electronic payments: A spline function approach (JEL G21, L11)

by David B. Humphrey and Bent Vale2003/05
(May 2003)

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Critical realism and econometrics (JEL B41, C50)

by Ida Wolden Bache2003/04
(Apr 2003)

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Optimal Dutsch disease (JEL F43, O41, Q32)

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