Purpose: The purpose of this paper is to provide a R&D outsourcing contract design framework to incent R&D outsourcing service providers sharing tacit and explicit knowledge. Design/methodology/approach: The author uses the principal-agent theory to builds multitask principal-agent model which...

This paper provides an empirical assessment of the power of forward guidance at different horizons, shedding new light on the strength of the "forward guidance puzzle". Our identification strategy allows us to disentangle the change in future interest rates stemming from deviations from the...

Based on high-frequency data for Norway and Sweden, we investigate to what extent explicit forward guidance from monetary policy makers, by means of publishing the path of expected future policy rates, affects the market yield curve. We summarise movements in the yield curve by two latent...

En rekke internasjonale studier finner at finansielle priser blir påvirket av publiseringen av økonomiske nyheter. Prisene endres når nøkkeltall og andre økonomiske nyheter påvirker markedsaktørenes syn på den nåværende tilstanden til økonomien samt framtidsutsiktene. Effekten...

Population growth in Norway over the past 10-15 years has been strong, while residential construction activity has been fairly low. At the same time, household size continues to decline. The increase in the number of households has been higher than the increase in the number of new housing units...

De siste 10-15 årene har befolkningsveksten i Norge vært sterk, mens boligbyggingen har vært nokså lav. Samtidig bor folk i stadig mindre husholdninger. Økningen i antall husholdninger har vært høyere enn økningen i antall nye boliger, særlig i sentrale områder. Dette...