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The New Keynesian Phillips Curve for a small open economy
Discussion Papers no. 460
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The New Keynesian Phillips Curve for a small open economy
Discussion Papers no. 460
The New Keynesian Phillips Curve (NKPC) has become the benchmark model for understanding inflation in modern monetary economics. One reason for the popularity is the microfoundation of the model, which decomposes agents' behaviour into pr...
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Income taxation, tuition subsidies, and choice of occupation
Discussion Papers no. 459
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Differences in learning and inequality
Discussion Papers no. 457
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Endogenous housing market cycles
Discussion Papers no. 458
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Income taxation, tuition subsidies, and choice of occupation
Discussion Papers no. 459
Differentiated tax rates on labor and capital income are found to be optimal in this study, where agents choose occupation based on lifetime income net of tuition costs. Efficient revenue raising in a case where the government can not obs...
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Differences in learning and inequality
Discussion Papers no. 457
Rapid growth in productivity combined with increasing wage dispersion in some countries, notably Anglo-Saxon, has been the subject of numerous studies. The main hypothesis in the literature is that an increased skill premium provides a li...
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Endogenous housing market cycles
Discussion Papers no. 458
Housing markets tend to display both positive serial correlation as well as a considerable volatility over time. We present a stochastic model illustrating the connection between adaptive expectations and market fluctuations. All macro ec...
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Marginal indirect tax reform analysis with merit good arguments and environmental concerns
Discussion Papers no. 455
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On some common practices of systematic sampling
Discussion Papers no. 456
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Marginal indirect tax reform analysis with merit good arguments and environmental concerns
Discussion Papers no. 455
We present a framework to identify and evaluate marginal tax reforms when merit good arguments and environmental concerns are given explicit consideration. It is applied to the Norwegian indirect tax system for 1999. The analysis shows th...
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On some common practices of systematic sampling
Discussion Papers no. 456
Systematic sampling is a widely used technique in survey sampling. It is easy to execute, whether the units are to be selected with equal probability or with probabilities proportional to auxiliary sizes. It can be very efficient if one m...
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On Nash equilibrium in prices in an oligopolistic market with demand characterized by a nested multinomial logit model and multiproduct firm as nes
Discussion Papers no. 454
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On Nash equilibrium in prices in an oligopolistic market with demand characterized by a nested multinomial logit model and multiproduct firm as nes
Discussion Papers no. 454
This note provides a proof on existence and uniqueness of Nash equilibrium in prices in a market where the demand side is characterized by a nested multinomial logit model with multiproduct firm as nest and the supply side consists of oli...
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Analysis of the discouraged worker phenomenon
Discussion Papers no. 453
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