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The Time-Series Properties of Norwegian Inflation and Nominal Interest Rate
[journal article]
dc.contributor.author | Österholm, Pär | de |
dc.date.accessioned | 2011-04-01T04:27:00Z | de |
dc.date.accessioned | 2012-08-30T04:48:49Z | |
dc.date.available | 2012-08-30T04:48:49Z | |
dc.date.issued | 2009 | de |
dc.identifier.uri | http://www.ssoar.info/ssoar/handle/document/24170 | |
dc.description.abstract | This paper investigates the time-series properties of Norwegian inflation and nominal interest rate using annual data from 1850 to 2004. A number of different univariate unit-root tests are employed to examine whether the time series are mean reverting or generated by unit-root processes. Results show very strong evidence in favour of mean reversion in inflation but a unit root in the nominal interest rate. This implies that there exists no long-run relationship between these two variables, a conclusion which is further supported by cointegration tests and estimated vector error correction models. The cointegration analysis also points to an important potential pitfall when using cointegration techniques on systems where some variables are stationary processes. | en |
dc.language | en | de |
dc.title | The Time-Series Properties of Norwegian Inflation and Nominal Interest Rate | en |
dc.description.review | begutachtet (peer reviewed) | de |
dc.description.review | peer reviewed | en |
dc.source.journal | Applied Economics | de |
dc.source.volume | 41 | de |
dc.source.issue | 10 | de |
dc.identifier.urn | urn:nbn:de:0168-ssoar-241705 | de |
dc.date.modified | 2011-04-01T04:27:00Z | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | en |
ssoar.contributor.institution | http://www.peerproject.eu/ | de |
internal.status | -1 | de |
dc.type.stock | article | de |
dc.type.document | journal article | en |
dc.type.document | Zeitschriftenartikel | de |
dc.source.pageinfo | 1303-1309 | |
internal.identifier.journal | 21 | de |
internal.identifier.document | 32 | |
dc.identifier.doi | https://doi.org/10.1080/00036840701537828 | de |
dc.description.pubstatus | Postprint | en |
dc.description.pubstatus | Postprint | de |
internal.identifier.licence | 7 | |
internal.identifier.pubstatus | 2 | |
internal.identifier.review | 1 | |
internal.check.abstractlanguageharmonizer | CERTAIN | |
internal.check.languageharmonizer | CERTAIN_RETAINED |