Palgrave Handbook of Econometrics: Applied Econometrics

892 Macroeconometric Modeling for Policy .0036 .0033 .0030 .0027 0045 0042 0039 0036 0.008 0.006 0.004 0.002 0.002 0.003 0.004 0 ...

Gunnar Bårdsen and Ragnar Nymoen 893 as a necessity, since unverified changes in policy response and forecasting may critically ...

894 Macroeconometric Modeling for Policy e.g., pre-whitening switched on in generalized method of moments (GMM), and leading pap ...

Gunnar Bårdsen and Ragnar Nymoen 895 (OECD panel data) demonstrated that the significance ofafcan be explained by a linear combi ...

896 Macroeconometric Modeling for Policy or: pt=αfpet+ 1 +αbpt− 1 +β(ulct− 1 −pt− 1 )−β( 1 −γ)(ulct− 1 −pit− 1 ) (17.76) +βγ ...

Gunnar Bårdsen and Ragnar Nymoen 897 sharesthas the correct positive sign and is significant at the 10% level. By and large, the ...

898 Macroeconometric Modeling for Policy for this choice of target is to be ahead of events, rather than to react after actual i ...

Gunnar Bårdsen and Ragnar Nymoen 899 disturbances – even underA. SituationBrepresents the situation theoretical expo- sitions of ...

900 Macroeconometric Modeling for Policy analysis there is a clear gain from using the congruent model, and avoiding basing poli ...

Gunnar Bårdsen and Ragnar Nymoen 901 2005 0.5 1.0 1.5 2.0 2.5 July 2005 Actual Normetrics Norges Bank Average of other forecasts ...

902 Macroeconometric Modeling for Policy index adjusted for electricity and taxes) index would predict a 2006 inflation rate of ...

Gunnar Bårdsen and Ragnar Nymoen 903 small for forecast horizons 1, 2, 3 and 4: the MFEs are less than 0.25 percentage points. N ...

904 Macroeconometric Modeling for Policy 2003 –2 0 2 4 6 2004 2005 2006 2007 2003 –2.5 –5.0 0.0 2.5 5.0 7.5 10.0 2 1 3 4 5 6 7 – ...

Gunnar Bårdsen and Ragnar Nymoen 905 2003 –2 0 2 4 6 2004 2005 2006 2007 2003 2.5 2.0 1.5 3.5 3.0 4.0 4.5 2004 2005 2006 2007 20 ...

906 Macroeconometric Modeling for Policy 2003 –2 2.0 1.5 2.5 3.5 3.0 4.0 4.5 2004 2005 2006 2007 (a) Unemployment rate (b) GDP g ...

Gunnar Bårdsen and Ragnar Nymoen 907 –20 –10 2003 20 10 0 2004 2005 2006 2007 –5 –0 5 2003 20 15 10 2004 2005 2006 2007 –8 –4 20 ...

908 Macroeconometric Modeling for Policy 2003 –8 –4 0 4 12 8 2004 2005 2006 2007 2003 –4 0 4 12 8 2004 2005 2006 2007 2003 1 2 3 ...

Gunnar Bårdsen and Ragnar Nymoen 909 2003 –2 2.0 1.5 2.5 3.5 3.0 4.0 4.5 2004 2005 2006 2007 (a) Unemployment rate (b) GDP growt ...

910 Macroeconometric Modeling for Policy and from that perspective structural breaks are seen to be not entirely negative, since ...

Gunnar Bårdsen and Ragnar Nymoen 911 R∗ECU interest rate. For the period 1967(1)–1986(3): effective interest rate on foreign bon ...