Jørn Inge Halvorsen

• Halvorsen, Jørn Inge & Jacobsen, Dag Henning (2016). The bank-lending channel empirically revisited. Journal of Financial Stability. ISSN 1572-3089. 27(Dec.), s. 95–105. doi: 10.1016/j.jfs.2016.10.004. Fulltekst i vitenarkiv
• 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, s. 104–123. doi: 10.1016/j.najef.2014.05.006. Fulltekst i vitenarkiv
• 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), s. 208–232. doi: 10.1111/obes.12014. Fulltekst i vitenarkiv

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• Halvorsen, Jørn Inge (2010). Are bank lending shocks important for economic fluctuations? Fulltekst i vitenarkiv
• Halvorsen, Jørn Inge (2010). Are bank lending shocks important for economic fluctuations? Fulltekst i vitenarkiv
• Halvorsen, Jørn Inge (2010). Are bank lending shocks important for economic fluctuations? Fulltekst i vitenarkiv
• Bjørnland, Hilde C & Halvorsen, Jørn Inge (2010). How does monetary policy respondto exchange rate movements? New international evidence. Handelshøyskolen BI. Fulltekst i vitenarkiv
• Bjørnland, Hilde C & Halvorsen, Jørn Inge (2008). How does monetary policy respond to exchange rate movements? New international evidence. Handelshøyskolen BI. ISSN 9788275534543. Fulltekst i vitenarkiv Vis sammendrag

  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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