Gunnar Bårdsen
Biographic Data
| ID | 8878794 |
|---|---|
| NAME | Gunnar Bårdsen |
| GIVEN NAMES | Gunnar |
| FAMILY NAME | Bårdsen |
| SIGNATURE | BÅRDSEN G |
| AFFILIATIONS | Norwegian University of Science and Technology |
| ORCID | 0000-0002-0834-7872 |
| VERIFIED | Yes |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 4 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2003 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 0 |
U.S. Wage‐Price Dynamics, Before, During and After Covid‐19, Through the Lens of an Empirical Econometric Model
We specify a multiple‐equation model with equilibrium‐correction terms, which connect inflation to the wage share and the functional income distribution, while not excluding a priori variables that are typically found in existing empirical U.S. Phillips curve models. We estimate the model equations using automatic variable selection with low Type‐1 error probabilities on a sample with quarterly data that starts in the 1960s. Conditional on a rela…
Frequentist Evaluation of Small DSGE Models
This article proposes a new evaluation approach for the class of small-scale “hybrid” new Keynesian dynamic stochastic general equilibrium (NK-DSGE) models typically used in monetary policy and business cycle analysis. The empirical assessment of the NK-DSGE model is based on a conditional sequence of likelihood-based tests conducted in a vector autoregressive (VAR) system, in which both the low- and high-frequency implications of the model are a…
Econometrics and Economic Theory in the 20th Century
Testing Steady-State Implications for the Nairu
Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU concepts and the steady state of a dynamic wage-price model. We derive the parameter restrictions that secure that correspondence. The full set of restrictions can be tested by econometric analysis of the wage-price system, and this method is demonstrated for Norwegian data. A set o…
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Testing Steady-State Implications for the Nairu
Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU concepts and the steady state of a dynamic wage-price model. We derive the parameter restrictions that secure that correspondence. The full set of restrictions can be tested by econometric analysis of the wage-price system, and this method is demonstrated for Norwegian data. A set o…
Econometrics and Economic Theory in the 20th Century
Frequentist Evaluation of Small DSGE Models
This article proposes a new evaluation approach for the class of small-scale “hybrid” new Keynesian dynamic stochastic general equilibrium (NK-DSGE) models typically used in monetary policy and business cycle analysis. The empirical assessment of the NK-DSGE model is based on a conditional sequence of likelihood-based tests conducted in a vector autoregressive (VAR) system, in which both the low- and high-frequency implications of the model are a…
U.S. Wage‐Price Dynamics, Before, During and After Covid‐19, Through the Lens of an Empirical Econometric Model
We specify a multiple‐equation model with equilibrium‐correction terms, which connect inflation to the wage share and the functional income distribution, while not excluding a priori variables that are typically found in existing empirical U.S. Phillips curve models. We estimate the model equations using automatic variable selection with low Type‐1 error probabilities on a sample with quarterly data that starts in the 1960s. Conditional on a rela…
Computer Science (3 works) · Econometrics (3 works) · Economics (3 works) · Monetary Policy and Economic Impact (3 works) · Econometric model (2 works) · Economic theories and models (2 works) · Economic Theory and Policy (2 works) · Labour economics (2 works) · Macroeconomics (2 works) · Market Dynamics and Volatility (2 works)