Reposted by: Hilde C. Bjørnland
@francescoravazzolo.bsky.social and I did it again! 5th Dolomiti Macro Meeting, this time in Pera di Fassa. www.unibz.it/assets/Event...
by Carlos Garriga — Reposted by: Hilde C. Bjørnland
This video on tariffs has been circulating widely this week. The issue of protecting domestic winners is a perennial one. However, kudos to the team from the CEA or NEC who contributed to the speech.
#EconSky #FinSky #AcademiaSky
youtu.be/5t5QK03KXPc?...
#EconSky #FinSky #AcademiaSky
youtu.be/5t5QK03KXPc?...
President Reagan's Radio Address on Free and Fair Trade on April 25, 1987
YouTube video by Reagan Library
youtu.be
📢 CONFERENCE ALERT 📢
«Applied Macroeconomics in a Changing World» in Oslo, September 11-12, 2025. Organized by Bank of Canada, Banca d'Italia, and CAMP_BI.
- Keynote speakers are Silvia Miranda-Agrippino (NY Fed) and Paolo Surico (LBS).
Call for papers:
👇👇👇
«Applied Macroeconomics in a Changing World» in Oslo, September 11-12, 2025. Organized by Bank of Canada, Banca d'Italia, and CAMP_BI.
- Keynote speakers are Silvia Miranda-Agrippino (NY Fed) and Paolo Surico (LBS).
Call for papers:
👇👇👇
by Justin Wolfers — Reposted by: Hilde C. Bjørnland
Americans responded (sharply!) to the Trump tariffs *before* they were even imposed. They imported extra stuff in December and January, rather than waiting and paying the higher prices that would occur when he was in office .
New working paper is out (joint with Ruben Aag and Peder Eliassen): "Forecasting Oil and Gas Prices: A Model Combination Approach"
bicamp.wordpress.com/2024/12/31/f...
bicamp.wordpress.com/2024/12/31/f...
Forecasting oil and gas Prices: A Model Combination Approach
In the new CAMP Working Paper 08/2024, Ruben Aag, Hilde C. Bjørnland, and Peder Eliassen advance energy price forecasting by extending state-of-the-art econometric models for oil markets to address…
bicamp.wordpress.com
Jeg er lite bekymret for at Martin Bech Holte svartmaler. Vi vet for lite om hvorfor produktivitetsveksten har falt. Jeg er mer bekymret for at vi skyver problemet under teppet, igjen. Jeg skriver om dette i DN.
👇👇👇
www.dn.no/okonomi/okon...
👇👇👇
www.dn.no/okonomi/okon...
Debatt: Jeg er lite bekymret for at Holte svartmaler situasjonen (+)
Vi vet for lite om årsakene til fallet i produktivitetsveksten og Holtes forklaringer bør tas på alvor. Jeg er mer bekymret for at vi skyver problemet under teppet, igjen.
www.dn.no
3/3
➡️ We avoid the delayed overshooting puzzle: After a monetary policy shock, the exchange rate appreciates immediately before gradually returning to equilibrium.
➡️ We avoid the delayed overshooting puzzle: After a monetary policy shock, the exchange rate appreciates immediately before gradually returning to equilibrium.
2/3
➡️ Weakened productivity differential and a decline of Norway's petroleum sector has in particular weakened the krone exchange rate the last decade.
What we find:
1/3
➡️ Productivity shifts and commodity market trends significantly shape the real exchange rate in Canada and Norway.
1/3
➡️ Productivity shifts and commodity market trends significantly shape the real exchange rate in Canada and Norway.
We propose a structural VAR model with common trends-estimated with Bayesian techniques-to analyse real exchange rate dynamics, enabling a clear distinction between transitory and long-term effects of structural shocks.
📢 First post on Bluesky to share a new working paper with title "Piecing the Puzzle: Real Exchange Rates and Long-Run Fundamentals"
with Leif Brubakk & Nicolò Maffei Faccioli.
Check it out here:
www.norges-bank.no/aktuelt/nyhe...
with Leif Brubakk & Nicolò Maffei Faccioli.
Check it out here:
www.norges-bank.no/aktuelt/nyhe...
Piecing the Puzzle: Real Exchange Rates and Long-Run Fundamentals
www.norges-bank.no