Jørn Inge Halvorsen

Norwegian version of this page Department of Economics, Innovation and Society

Press photo

Norwegian version of this page Position

Associate Professor

Contact

+4769608483

jorn.i.halvorsen@hiof.no

Study place

Halden

Office nr.

A3-107

Research interests

Macroeconomics

Teaching

SFB30820 Financial theory
SFB10816 Microeconomics
SFB10916 Macroeconomics
MSB104 Econometrics (part II: time series)
ØMO005 Digitization and working methods for economistr

Educational background

PhD, NHH Norwegian School of Economics (NHH, Bergen)

Cand.oecon (UiO, Oslo)

Positions

Associate professor (fulltime), Østfold University College (HiOF)

Associate professor (20 position), Western Norway University of Applied Sciences (HVL)

Research groups

Applied Economics

Halvorsen, Jørn Inge & Jacobsen, Dag Henning (2016). The bank-lending channel empirically revisited. Journal of Financial Stability. ISSN 1572-3089. 27(Dec.), p. 95–105. doi: 10.1016/j.jfs.2016.10.004. Full text in Research Archive
Halvorsen, Jørn Inge & Jacobsen, Dag Henning (2014). How important can bank lending shocks be for economic fluctuations? The North American journal of economics and finance. ISSN 1062-9408. 29, p. 104–123. doi: 10.1016/j.najef.2014.05.006. Full text in Research Archive
Bjørnland, Hilde C & Halvorsen, Jørn Inge (2014). How does monetary policy respond to exchange rate movements? New international evidence. Oxford Bulletin of Economics and Statistics. ISSN 0305-9049. 76(2), p. 208–232. doi: 10.1111/obes.12014. Full text in Research Archive

View all works in NVA

Halvorsen, Jørn Inge (2010). Are bank lending shocks important for economic fluctuations? Full text in Research Archive
Halvorsen, Jørn Inge (2010). Are bank lending shocks important for economic fluctuations? Full text in Research Archive
Halvorsen, Jørn Inge (2010). Are bank lending shocks important for economic fluctuations? Full text in Research Archive
Bjørnland, Hilde C & Halvorsen, Jørn Inge (2010). How does monetary policy respondto exchange rate movements? New international evidence. Handelshøyskolen BI. Full text in Research Archive
Bjørnland, Hilde C & Halvorsen, Jørn Inge (2008). How does monetary policy respond to exchange rate movements? New international evidence. Handelshøyskolen BI. ISSN 9788275534543. Full text in Research Archive Show summary
This paper analyzes how monetary policy responds to exchange rate movements in open economies, paying particular attention to the two-way interaction between monetary policy and exchange rate movements. We address this issue using a structural VAR model that is identified using a combination of sign and short-term (zero) restrictions. Our suggested identification scheme allows for a simultaneous reaction between the variables that are observed to respond intraday to news (the interest rate and the exchange rate), but maintains the recursive order for the traditional macroeconomic variables (GDP and inflation). Doing so, we find strong interaction between monetary policy and exchange rate variation. Our results suggest more theory consistency in the monetary policy responses than what has previously been reported in the literature.

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Published Sep. 23, 2020 2:46 PM - Last modified Nov. 25, 2021 9:43 AM