This paper investigates the determinants of Norwegian import prices of manufactures over the period 1970(1) - 1991(4). Multivariate cointegration analysis establishes a long-run relationship between import prices, foreign prices, the exchange rate and domestic unit labour costs. Normalized on...

The paper models domestic output over imports in Norway's expenditure on manufactures. Using Johansen's (1988, 1991) method, we obtain a cointegrating vector between the output-imports ratio, relative prices and a proxy for international specialisation. This vector enters a conditional...

We estimate a range of New Keynesian import price models for Norway and the UK. Contrary to standard pass-through regression analysis, this approach allows us to make a distinction between the parameters in theoretical price-setting rules and parameters in the expectations mechanisms. We find...

Vi analyserer hvordan makroøkonomiske drivkrefter kan forklare utviklingen i konsumprisene siden 2001. Sammenhengene analyseres ved hjelp av empiriske modeller. Vi finner at prisene på norskproduserte varer og tjenester utenom husleie har fulgt utviklingen i kapasitetsutnyttingen og...