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Why Has the Norwegian Krone Exchange Rate Been Persistently Weak?
We identify variables that help explain the persistent weakness of the Norwegian krone since 2016 within a fully simultaneous model of the underlying process driving the krone-euro exchange rate. In addition to a set of fundamental variables we consider non-traditional explanatory variables related to an exchange rate premium, inspired by several claims to insights made by market participants. The weak Norwegian krone seems to be largely attributable to factors related to the risk premium, such as the declining importance of petroleum in the Norwegian economy, a relative reduction in FDI in Norway and a fall in oil industry-specic share prices.
Estimating a Housing Phillips Curve
Using a high-resolution housing transaction data set, we examine the relationship between price changes and the unsold rate in the Norwegian housing market within a Phillips curve framework. We find that price changes and the unsold rate are associated, but our results indicate a reversed causality, from price changes to the unsold rate. We interpret our findings in a framework based on micro-foundations in which households decide on the sequence of buying and selling, i.e. whether to hold two or zero houses in the transition period. Data on individual sellers and buyers support the hypothesis that the propensity to hold two houses is pro-cyclical.
Energy Capitals
Fossil fuels propelled industries and nations into the modern age and continue to powerfully influence economies and politics today. As Energy Capitals demonstrates, the discovery and exploitation of fossil fuels has proven to be a mixed blessing in many of the cities and regions where it has occurred. With case studies from the United States, Canada, Mexico, Norway, Africa, and Australia, this volume views a range of older and more recent energy capitals, contrasts their evolutions, and explores why some capitals were able to influence global trends in energy production and distribution while others failed to control even their own destinies. Chapters show how local and national politics, s...
The Black Death and Later Plague Epidemics in the Scandinavian Countries:
This monograph represents an expansion and deepening of previous works by Ole J. Benedictow - the author of highly esteemed monographs and articles on the history of plague epidemics and historical demography. In the form of a collection of articles, the author presents an in-depth monographic study on the history of plague epidemics in Scandinavian countries and on controversies of the microbiological and epidemiological fundamentals of plague epidemics.
Economic Survey
First issue each year includes annual report for previous year of the Research Dept. of the Central Bureau of Statistics, published separately beginning with report for 1991.
Fitful Histories and Unruly Publics: Rethinking Temporality and Community in Eurasian Archaeology
Fitful Histories and Unruly Publics re-examines the relationship between Eurasia’s past and its present by interrogating the social construction of time and the archaeological production of culture. Traditionally, archaeological research in Eurasia has focused on assembling normative descriptions of monolithic cultures that endure for millennia, largely immune to the forces of historical change. The papers in this volume seek to document forces of difference and contestation in the past that were produced in the perceptible engagements of peoples, things, and places. The research gathered here convincingly demonstrates that these forces made social life in ancient Eurasia rather more fitful and its publics considerably more unruly than archaeological research has traditionally allowed. Contributors are Mikheil Abramishvili, Paula N. Doumani Dupuy, Magnus Fiskesjö, Hilary Gopnik, Emma Hite, Jean-Luc Houle, Erik G. Johannesson, James A. Johnson, Lori Khatchadourian, Ian Lindsay, Maureen E. Marshall, Mitchell S. Rothman, Irina Shingiray, Adam T. Smith, Kathryn O. Weber and Xin Wu.
