We carry out a pseudo out-of-sample density forecasting study for U.S. GDP with an autoregressive benchmark and alternatives to the benchmark than include both oil prices and stochastic volatility. The alternatives to the ...

Under finanskrisen innførte mange sentralbanker nye typer utlån og kjøpte verdipapirer de vanligvis ikke handler i. Bruk av slike nye virkemidler og utvidet volum på tradisjonelle instrumenter ga større sentralbankbalanser. ...

We investigate the relationship between world oil markets and China's macroeconomic performance over the past two decades. Our analysis starts by proposing a simple method for disentangling real economic activity stemming ...

First, we replicate the remarkable result of Hossain & Morgan (AER 2009), in which subjects in an experimental market tip almost perfectly to the superior platform even if an inferior platform enjoys initial monopoly. Next, ...

We develop a model of oligopolistic competition under imperfect monitoring and dynamic observable demand. Efficient symmetric equilibria feature disciplined cooperative regimes interrupted by rare but severe price wars. ...

Literature review

Dette arbeidsnotatet er en samling av Arne Jon Isachsens "Månedsbrevet" fra årets seks første måneder. Følgende artikler er inkludert i notatet: 1) På vandring; 2) Hva er luksus?; 3) Bjørnen sover, eller…?; 4) LTRO; 5) ...

We aim to explain petro populism|the excessive use of oil revenues to buy political support. To reap the full gains of natural resource income politicians need to remain in office over time. Hence, even a rent-seeking ...

Thomas Piketty’s Capital in the Twenty-First Century is a valuable contribution to the history of wealth and income distribution. But Piketty’s theory about wealth and income distribution as encapsulate in his laws ...