Ragnar Nymoen's publications in English


The Econometrics of Macroeconomic Modelling, with G. Bårdsen, Ø. Eitrheim and E. S. Jansen, Oxford University Press, 2005.

Consumption and saving

  1. "Wealth effects and exogeneity: The Norwegian consumption function 1966(1)-1984(4)", with Per. A. Brodin, Oxford Bulletin of Economics and Statistics 54, 1992, 431-454.
  2. "Progress from forecast failure---The Norwegian consumption function", with Øyvind Eitrheim and Eilev S. Jansen, The Econometrics Journal 5, 2002, pp. 40-64.
  1. "Consumption and population age structure", with Solveig Erlandsen, Journal of Population Economics, 21(3), 2008, pp. 505-520.

Econometrics of Monetary Policy

  1. "Hazards in Making a Monetary Conditions Index Operational", with Neil. R. Ericsson and Kari. H. Eika, Oxford Bulletin of Economics and Statistics, 58, 1996, 58, 765-790.
  2. "Understanding a Monetary Conditions Index in Economic Policy", with Neil. R. Ericsson, Eilev S. Jansen and Neva A. Kerbeshian, in Sentralbanken i forandringens tegn: Festskrift til Kjell Storvik, Norges Bank 1999.
  3. "Model specification and inflation forecast uncertainty" ,with Gunnar Bårdsen and Eilev S. Jansen, in Annales d'Économie et de Statistique, 67(68), 2002, pp 495--517.
  4. "Econometric inflation targetting", with Gunnar Bårdsen and Eilev S. Jansen, in Econometrics Journal, 6, 2003, pp 429-460
  5. "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
  6. "Macroeconometric modelling for policy” (with G. Bårdsen), Ch 17 in Palgrave Handbook of Econometrics Vol 2, Palgrave Mac-Millan, 2009, 
  7. MOSES: Model of Studying the Economics of Sweden, with Gunnar Bårdsen, Ard den Reijer and Patrik Jonasson, in Economic Modelling, 29, 2012, 2566-2582

History of economic thought and econometrics

  1. "The Macroeconomics of Trygve Haavelmo", with Andre K. Anundsen, Tord. S. Krogh and Jon Vislie. Nordic Journal of Political Economy, 37, 2012, Article 2.
  2. Overdeterminacy and endogenous cycles: Trygve Haavelmo's business cycle theory,  with Andre K. Anundsen, Tord S. Krogh and Jon Vislie,  Metroeconomica, 2014, doi: 10.1111/meca.12049.

Employment and unemployment

  1. "The Supply Side of RIKMOD. Short-run producer behaviour in a model of monopolistic competition", with Michael Hoel, Economic Modelling 5, 1988, 45-70.
  2. "Capital Operating Time and Shift Work in Norway", with Rolf Golombek, in D. Anxo et al. (eds) Work Patterns and Capital Utilisation, 201-214, Kluwer Academic Publishers, 1995
  3. "Labour Market Friction and Unemployment", Chapter 6, 189-209, with K.O, Moene and M. Wallerstein, in Dølvik and A.H. Steen (eds.) Making Solidarity Work, Scandinavian University Press 1997.
  4. "The Persistence of Slack and Tight Labour Markets", with Karl O. Moene and Michael Wallerstein, Memorandum from Department of Economics, University of Oslo No 6 1997.
  5. "Measuring Structural Unemployment: NAWRU Estimates in the Nordic countries", with Steinar Holden, in The Scandinavian Journal of Economics. 104, 2002, 87-104. Memo version: "Measuring Structural Unemployment. Is there a rough and ready answer?", Dataset
  6. "Testing Steady-State Implications for the NAIRU", with Gunnar Bårdsen, The Review of Economics and Statistics, 85, 2003, 1070-1075.
  7. "Wage Coordination and Unemployment Dynamics in Norway and Sweden", with Bergljot Barkbu Bjørnson and Knut Røed, inJournal of Socio Economic Studies, 32, 2003,, pp 37-58.
  8. "Econometric Modelling of Slack and Tight Labour Markets", with Farooq Q. Akram, in  Economic Modelling 23, 2006, pp. 579-596.
  9. "U.S. Natural Rate Dynamics Reconsidered", with Gunnar Bårdsen, in Castle, J.L and N. Shepard (eds) The Metodology and Practice of Econometrics. A Festschift in Honor of David F. Hendry, Oxford University Press, 2008.
  10. Kornstad, T., Nymoen, R. and T. Skjerpen: Macroeconomic shocks and the probability of being employed. Economic Modelling, Volume 33, July 2013, Pages 572-587.
  11. Equilibrium Unemployment Dynamics in a Panel of OECD Countries, with Victoria Sparrman, Oxford Bulletin of Economics and Statistics, 77 (2), 164-190, April 2015

Macroeconometric forecasting

  1. "Error-Correction versus differencing in Macroeconometric Forecasting" with Ø. Eitrheim and T.A. Husebø, Economic Modelling 16, 1999, 515-544.
  2. "Progress from forecast failure---The Norwegian consumption function", with E.S. Jansen and Ø. Eitrheim, The Econometrics Journal 5, 2002, pp. 40-64.
  3. "Empirical Comparisons of Inflation Models' Forecast Accuracy", with Ø. Eitrheim and T.A. Husebø, Ch. 16 in Clements, M and D.F. Hendry (eds.) A Companion to Economic Forecasting, 2002, Blackwell Publishers, Oxford.
  4. "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.
  5. Forecast Robustness in Macroeconometric Models. with Gunnar Bårdsen and Dag Kolsrud, Journal of Forecasting 2017, 36. 629-639; doi.10:1002/for.2459

Wage and price modelling---inflation

  1. "Wage formation in Norwegian manufacturing. An empirical application of a theoretical bargaining model.", with Michael Hoel, European Economic Review 32, 1988, 977-997.
  2. "Real wages in a multisectoral model of the Norwegian economy", with Øyvind Eitrheim, Economic Modelling 8, 1990, 63-82.
  3. "Modelling wages in the small open economy. An error-correction model of Norwegian manufacturing wages." Oxford Bulletin of Economics and Statistics 51, 1989, 239-258.
  4. "Wages and the length of the working day. An empirical test using Norwegian quarterly data for manufacturing wages." Scandinavian Journal of Economics 91, 1989, 599-612.
  5. "Nordic Employment", with Lars Calmfors, Economic Policy October 1990, 398-448.
  6. "A small linear model of wage and price-inflation in the Norwegian economy". Journal of Applied Econometrics 6, 1991, 255-269.
  7. "Finnish manufacturing wages 1960-1987, Real wage flexibility and hysteresis". Journal of Policy Modelling 14 (1992), 429-451. Also published in N.E. Ericsson og J.S. Irons (red) "Testing Exogeneity", Oxford University Press 1994.
  8. "Pricing to Market in a Small Open Economy", joint with Bjørn Naug, Scandinavian Journal of Economics 98, 1996, 329-350.
  9. "Business cycles: Real facts or fallacies?" with Gunnar Bårdsen and Paul G. Fisher, in S. Strøm (ed.) Econometrics and Economic Theory in the 20th century: The Ragnar Frisch Centennial Symposium, , Chapter 16, 499-527, Cambridge University Press 1998.
  10. "The Open Economy Wage-Price Spiral ", with Dag Kolsrud, in Journal of Economic Studies, 25, 1998, issue 6, 450-467.
  11. "Explaining unemployment: some lessons from Nordic wage formation", with Asbjørn Rødseth , in Labour Economics, 105, 2003, pp 1-29
  12. Econometric evaluation of the New Keynesian Phillips Curve, with G. Bårdsen and E.S. Jansen, Oxford Bulletin of Economics and Statistics, 66, 2004, 671-686, Supplement.
  13. The  New Keynesian Phillips Curve Tested on OECD data, with Roger Bjørnstad, in Economics the Open-Access, Open Asssement E-Journal, 2, (2008-23), 2008.
  14. Interpreting the evidence for New Keynesian models of inflation dynamics, with Anders R. Swensen and Eivind Tveter, in Journal of Macroeconomics, 35, 2012 pp 253-263
  15. Misspecification Testing: Non-Invariance of Expectations Models of Inflation with Jennifer L. castle, Jurgen A. Doornik and David F. Hendry, in Econometric Reviews, 2014, 33:5-6,553-574,  DOI:10.1080/07474938.2013.825137
  16. Macroeconomic Stability or Cycles? The Role of the Wage-Price Spiral, with Dag Kolsrud, Australian Economic Papers, Vol. 53, Issue 1-2, June 2014, pp 41 - 68
  17. Heuristics vs. Formal Dynamics of the Wage- and Price Curve Model of Equilibrium Unemployment, with Dag O. Kolsrud, Journal of Economic Studies, Vol. 42 Iss: 2, pp.186 - 2062015


  1. Book review: Co-integration, Error-Correction, and the Econometric Analysis of Non-Stationary Data by Anindya Banerjee, Juan Dolado, John W. Galbraith and David F. Hendry. Likelihood-Based Inference in Cointegrated Vector Auto-Regressive Models by Søren Johansen. Time-Series-Based Econometrics, Unit Roots and Cointegration by Michio Hatanaka, in Econometric Reviews, 1998.
  2. Comment on "Statistical Adequacy and the Testing of Trend versus Difference Stationarity" by Andreou and Spanos, in Econometric Reviews 22, 2003, 253-260.