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National accounts and business cycles
All content for topic national accounts and business cycles
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Churning in thick labor markets
Discussion Papers no. 866
Using a very large comprehensive matched employer-employee panel of the Norwegian workforce (19 million observations), I find a higher likelihood of job change across sectors and occupations, namely labor churning, in populous areas.
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The efficient combination of taxes on fuel and vehicles
Discussion Papers no. 867
A tax on fuel combined with tax-exemptions or subsidies for purchase of fuel-efficient vehicles is implemented in many countries to reduce greenhouse gas emissions and other negative externalities from road traffic.
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Higher prices on energy goods
The producer price index (PPI) rose by 2.9 per cent from August to September. This was mainly caused by the price development on energy goods, which as a whole went up 7.8 per cent. Crude oil, natural gas, electricity and refined petroleum product...
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Moderate fall in manufacturing output during summer
Norwegian manufacturing output saw a minor decrease of 0.3 per cent from June to August 2017 compared to the previous three-month period, according to seasonally-adjusted figures. On a month to month basis, from July to August 2017, manufacturing ...
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Match quality in housing transactions
Discussion Papers no. 865
Match quality, the part of housing value to the buyer which is unique for each buyer-house match, is important in several housing market matching models, but measuring it is difficult for an econ-ometrician.
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Economic Survey 3-2017
After being in a cyclical downturn for almost three years, growth in the Norwegian economy has picked up. The downturn appears to have bottomed out at the end of last year, but the upturn is a fragile one in that we forecast growth only slightly o...
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Tony Atkinson and his legacy
Discussion Papers no. 863
This collective tribute highlights the range, depth and importance of Tony’s enormous legacy, the product of over fifty years’ work.
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Revisions in the financial accounts
According to the revision policy for the financial accounts and the national accounts, the third quarter publication is the window for larger revisions.
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Crude oil and petroleum products pulled up the PPI
The producer price index (PPI) rose by 0.4 per cent from July to August. This broke a downward trend in the PPI as it went down the previous five months.
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Cyclical bottom has been reached, but recovery will be slow
A highly expansive fiscal and monetary policy, weak krone and strong growth in house building have contributed to a shift in the economy. Low interest rates and high growth internationally are driving the upswing, while a stronger krone and less h...
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Growth in manufacturing output
Norwegian manufacturing output saw an increase of 1.0 per cent from May to July 2017 compared to the previous three-month period, according to seasonally-adjusted figures. On a month to month basis, from June to July 2017, manufacturing output wen...
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Trade deficit
For the third time in the last five quarters, Norway had a negative balance of goods and services. This is the third time since the start of the 21st century that Norway experience a trade deficit.
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Moderate economic upturn in the first half of this year
GDP for mainland Norway increased seasonally adjusted by 0.7 per cent in the second quarter of 2017 and continued with the same growth as the previous quarter. The recovery came after two and a half years with weak growth.
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Stocks of orders down again
Compared with the second quarter of 2016, total stocks in the order-based industry fell by 9.0 per cent in the second quarter of 2017.New orders were up 5.7 per cent in the same period.
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Natural gas prices pulled down the PPI
The producer price index (PPI) fell for the fifth month in a row from June to July. This time it was lower prices on natural gas that were the most important contributor.
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