Professor of Economics
Autumn 2013: ECON 4160 Econometrics - Modeling and systems estimation
Model Based Macroeocnomic Forecasting
Recent papers and notes relating to own forecasting practice:
- The Accuracy of a Forecast Targeting Central Bank
- MOSES. Macromodel for Sweden
- The expected properties
of rational expectations inflation forecasts when there are structural
Mis-specification Testing: Non-Invariance of Expectations Models of Inflation, with Jennifer L. Castle, Jurgen A. Doornik and David F. Hendry, Econometric Reviews, 2014, 33:5-6, 553-574, DOI:10.1080/07474938.2013.825137
Job Probability and Macroeconomic Shocks, with Terje Skjerpen and Tom Kornstad, Economic Modelling, Volume 33, July 2013, Pages 572-587.
The Macroeconomics of Trygve Haavelmo, with Andre K. Anundsen, Tord. S. Krogh and Jon Vislie. Nordic Journal of Political Economy, 37, 2012, Article 2.
MOSES: Model for Studying the Economy of Sweden, with Gunnar Bårdsen, Ard den Reijer and Patrik Jonasson, in Economic Modelling, 29, 2012, 2566-2582
Interpreting the Evidence for New Keynesian Models of Inflation Dynamics, with Anders R. Swensen and Eivind Tveter, Journal of Macroeconomics, 35, 2012, pp 253-263
Haavelmos makromodeller: Endogene konjunkturer og inflasjonsteori, with Andre, K. Anundsen, Tord S. Krogh and Jon Vislie. Samfunnsøkonomen, 2011-9, 32--43.
"The Accuracy of a Forecast Targeting Central Bank" with Nina Skrove Falch, in Economics: The Open-Access, Open-Assessment E-Journal, Vol. 5, 2011-15.
"U.S. Natural Rate Dynamics Reconsidered", with Gunnar Bårdsen, in The Methodology and Practice of Econometrics, Oxford University Press, 2009.
"Model Selection for monetary policy analysis---How important is empirical validity?" with Q. Farooq Akram, in Oxford Bulletin of Economics and Statistics, 2009 (1), 35-68. Dataset and program files.
"Macroeconometric modelling for policy”, with Gunnar Bårdsen, in Palgrave Handbook of Econometrics Vol 2, Palgrave Mac-Millan, 2009.
"The New Keynesian Phillips Curve Tested on OECD data", with Roger Bjørnstad, Economics The Open-Access, Open-Assessment E-Journal, Vol. 2, 2008-23.
"Consumption and population age structure", with Solveig Erlandsen, Journal of Population Economics, 21(3), 2008, pp. 505-520.
Working Papers and other work in Progress
Equilibrium unemployment dynamics in a panel of OECD countries, with Victoria Sparrman
Comparative Statics for Real Options on Oil: What Stylized Facts to Use? with Diderik Lund, 2013
Overdeterminacy and endogenous cycles: Trygve Haavelmo's business cycle theory, with Andre Anundsen, Tord Krogh and Jon Vislie, 2013
Modelling the Heuristic Dynamics of the Wage-Price Curve Model of Equilibrium Unemployment, with Dag O. Kolsrud, 2012
Testing the Invariance of Expectations Models of Inflation, with Jennifer L. Castle, Jurgen A. Doornik and David F. Hendry, 2010
Macroeconomic Stability or Cycles? The Role of the Wage-Price Spiral, with Dag Kolsrud
2005: Evaluating a Central Bank's Recent Forecast Failure (a predecessor to "The Accuracy of a Forecast Targeting Central Bank" with more on the modelling of the 2003 drop in inflation than in the published paper)