Empirical modelling of wage-price inflation and employment using Norwegian quarterly data
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Empirical modelling of wage-price inflation and employment using Norwegian quarterly data

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Published by Norges Bank, Information Division in Oslo .
Written in English


Book details:

Edition Notes

PRIORITY 3.

StatementRagnar Nymoen.
SeriesNorges banks skriftserie,, no. 18
Classifications
LC ClassificationsIN PROCESS
The Physical Object
Pagination207 p. ;
Number of Pages207
ID Numbers
Open LibraryOL1302739M
ISBN 108275530245
LC Control Number92168947

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This paper is concerned with the modelling of quarterly wage inflation in Norway. We develop a bargaining model which we believe is a sound theoretical base for econometric work in this field. Empirical modelling of wage-price inflation and employment using Norwegian quarterly data / Ragnar Nymoen The Frisch-Waugh theorem and generalized least squares / by Denzil G. Fiebig, Robert Bartels, Walter Kramer. Norges Banks skriftserie / Occasional Papers can be ordered by e-mail: [email protected] or from Norges Bank, Subscription Service P.O. Box Sentrum. This paper presents a model of inflation in a small open economy which features both wage‐wage linkages and a wage‐price spiral. Hence we have a simultaneous structure which contains the conventional Scandinavian model of inflation as a special .

Real Wages, Employment, and Inflation. Robert E. Lucas, Jr. and Results from German Time-Use Data, LAB Jinbang Kim, Neil De Marchi, Mary S. Morgan Empirical model particularities and belief in the natural rate hypothesis, Journal of Econometrics No. 17 Norwegian Credit Markets. Norwegian Monetary and Credit Policy, Oslo , replaced by No. 23/24 No. 18 Ragnar Nymoen: Empirical Modelling of Wage-Price Inflation and Employment using Norwegian Quarterly Data, Oslo (Doct.d.) Nr. 19 Hermod Skånland, Karl Otto Pöhl og Preben Munthe: Norges Bank år. Tre foredrag om sentralbankens. No. 17 Norwegian Credit Markets. Norwegian Monetary and Credit Policy, Oslo , replaced by No. 23/24 No. 18 Ragnar Nymoen: Empirical Modelling of Wage-Price Infl ation and Employment using Norwegian Quarterly Data, Oslo (Doct.d.) Nr. 19 Hermod Skånland, Karl Otto Pöhl og Preben Munthe: Norges Bank år. Tre foredrag om. I can thereby assess the empirical relevance of this theoretical NK model for the labor market through the VECM framework. VECMs focusing on the labor market and wage and price dynamics are also.

The modelling of wages and prices takes a central part in the book as the authors interpret and evaluate the last forty years of international research experience in the light of the Norwegian 'main course' model of inflation in a small open economy. "Wages and the length of the working day. An empirical test using Norwegian quarterly data for manufacturing wages." Scandinavian Journal of Econom , "Nordic Employment", with Lars Calmfors, Economic Policy October , "A small linear model of wage and price-inflation in the Norwegian economy". Journal of Applied. We examine the relationship between inflation and unemployment in the long run, using quarterly US data from to Using a band-pass filter approach, we find strong evidence that a positive relationship exists, where inflation leads unemployment by some 3 to 3 ½ years, in cycles that last from 8 to 25 or 50 years. Nymoen, Ragnar. b. Wages and the Length of the Working Day. A Empirical Test Based on Norwegian Quarterly Manufacturing Data. Scandinavian Journal of Economics – [Google Scholar] Nymoen, Ragnar. A Small Linear Model of Wage- and Price-Inflation in the Norwegian Economy. Journal of Applied Econometrics 6: –