Norges Bank

Farooq Akram

Director Analysis, International markets

Contact:

Tel.: +47 22 31 66 92
Fax: +47 22 42 40 62
E-mail: farooq.akram@norges-bank.no

Norges Bank
Bankplassen 2
P.O. Box 1179 Sentrum
0107 Oslo
Norway

Research interests

Primary research interests are in the areas of international finance, energy economics and applied econometrics

Oil price drivers, geopolitical uncertainty and oil exporters' currencies", Energy Economics, 2020, vol 8, June, pp. 1– 13.

"Time-varying dynamics of the Norwegian economy", with Haroon Mumtaz. Scandinavian Journal of Economics, 2019, vol 121(1), pp. 407–434.

"Pricing in the Norwegian interbank market - the effects of liquidity and implicit government support", with Casper Christophersen. Oxford Bulletin of Economics and Statistics, 2017, vol 79, pp. 165204.

"Macro effects of capital requirements and macroprudential policy", Economic Modelling, 2014, vol. 42, pp. 77 – 93. 

"Commodity prices, interest rates and the dollar". Energy Economics, 2009, vol. 31, pp. 838 – 851.

"Model selection for monetary policy analysis--How important is empirical validity?", with Ragnar Nymoen. Oxford Bulletin of Economics and Statistics, 2009, vol. 1, pp. 35 – 68.

"Does the law of one price hold in international financial markets? Evidence from tick data", with Dagfinn Rime and Lucio Sarno. Journal of Banking and Finance, 2009, vol. 33, pp. 1741–1754. VOX-entry

"Arbitrage in the Foreign Exchange Market: Turning on the Microscope", with Dagfinn Rime and Lucio Sarno. Journal of International Economics, 2008, vol. 76, pp. 237 – 253.  VOX-entry

"Flexible inflation targeting and financial stability: Is it enough to stabilise inflation and output?", with Øyvind Eitrheim. Journal of Banking and Finance, 2008, vol. 32, pp. 1242 – 1254.

"PPP in the medium run: The case of Norway". Journal of Macroeconomics, 2006, vol. 28 (4), pp. 700 – 719.

"Oil prices and exchange rates: Norwegian Evidence". Econometrics Journal, 2004, 7, pp. 476– 504.

Monetary policy and Financial stability:

1. "Time-varying dynamics of the Norwegian economy", with Haroon Mumtaz. Scandinavian Journal of Economics, 2019, vol 121(1), pp. 407-434.

2. "Macro effects of capital requirements and macro-prudential policy", Economic Modelling, 2014, vol. 42, pp. 77-93.

3. "Policy analysis in real time using IMF's monetary model". Economic Modelling, 2011, vol. 28, pp. 1696-1709.

4. "What horizon for targeting inflation?". Empirical Economics, 2010, vol. 39, pp. 675-702.

5. "Model selection for monetary policy analysis--How important is empirical validity?, with Ragnar Nymoen. Oxford Bulletin of Economics and Statistics, 2009, vol. 1, pp. 35-68.

6. "Flexible inflation targeting and financial stability: Is it enough to stabilize inflation and output?" with Øyvind Eitrheim, Journal of Banking and Finance, 2008, vol. 32, pp.1242--1254.

7. "Pursing financial stability under an inflation-targeting regime", with Gunnar Bårdsen and Kjersti-Gro Lindquist. Annals of Finance, 2007, vol. 3, pp. 131-153.

8. "Monetary policy and asset prices: To respond or not?" with Gunnar Bårdsen and Øyvind Eitrheim International Journal of Finance and Economics, 2006, vol. 11, pp. 279-292.

9. "Econometric modelling of slack and tight labour markets", with Ragnar Nymoen
Economic Modelling, 2006, vol. 23, pp. 579-596.

10. "Multiple unemployment equilibria and asymmetric dynamics - Norwegian evidence"
Structural Change and Economic Dynamics, 2005, 16, pp. 263-283.

11. “Robust-satisficing monetary policy under parameter uncertainty”, with Yakov Ben-Haim and Øyvind Eitrheim, Norges Bank Working Paper 14/2007.

12. “Monetary policy under uncertainty: Min-max vs robust-satisficing strategies”, with Yakov Ben-Haim and Øyvind Eitrheim, Norges Bank Working Paper 6/2007.

13. “Managing uncertainty through robust-satisficing monetary policy”, with Yakov Ben-Haim and Øyvind Eitrheim, Norges Bank Working Paper 10/2006.

Interest rates and exchange rates:

14. "The Norwegian overnight interbank market during the Covid pandemic", with Jon H. Findreng and Lyndsie Smith. Working Paper 8/2023, Norges Bank. 

15. "Norwegian interbank market's response to changes in liquidity policy", with Jon H. Findreng. Journal of Banking and Finance, 2021, vol 125.

16. Oil price drivers, geopolitical uncertainty and oil exporters' currencies". Energy Economics, 2020, vol 89, June, pp. 1--13.

17. "Identification of interbank loans and interest rates from interbank payments- A reliability assessment", with Mats B. Fevolden and Lyndsie Smith. Journal of Financial Market Infrastructures, 2019, vol 8(2), pp. 1--19.

18. “Pricing in the Norwegian interbank market – the effects of liquidity and implicit government support”, with Casper Christophersen, Oxford Bulletin of Economics and Statistics, 2017, vol.2, pp.165-204.

19. "Inferring unsecured interbank loans and interest rates from interbank payments - An evaluation", with Casper Christophersen. Journal of Financial Markets Infrastructure, 2014, vol. 3, pp. 61-87.

20. “Norwegian overnight interbank interest rates” with Casper Christophersen. Computational Economics, 2013, vol. 41, pp. 11-29. 

21. "Commodity prices, interest rates and the dollar". Energy Economics, 2009, vol. 31, pp. 838-851.

22. "Does the law of one price hold in international financial markets? Evidence from tick data", with Dagfinn Rime and Lucio Sarno. Journal of Banking and Finance, 2009, vol 33, pp. 1741--1754.

23. "Arbitrage in the foreign exchange market: Turning on the microscope", with Dagfinn Rime and Lucio Sarno. Journal of International Economics, 2008, vol. 76, pp. 237-253.

24. "PPP in the medium run: The case of Norway". Journal of Macroeconomics, 2006, vol. 23, pp. 700--719.

25. "Oil prices and exchange rates: Norwegian Evidence" Econometrics Journal, 2004, vol. 7, pp. 476-504.

26. "Non-linear dynamics in output, real exchange rates and real money balances: Norway, 1830 - 2003." with Øyvind Eitrheim and Lucio Sarno. In C. Milas, P. Rothman and D. van Dick (eds): Non-linear Time Series Analysis of Business Cycles. Contributions to Economic Analysis Series, Elsevier, 2006.

27. “En effisient handlingsregel for bruk av petroleumsinntekter”Norsk Økonomisk Tidsskrift, 119, 2, 2004, pp. 91-112.

28. "Reelle likevektsvalutakurser for Norge" Norsk Økonomisk Tidsskrift 118, 2, 2003, pp. 89-112.

29. "Reelle likevektsvalutakurser” with K. M. Brunvatne and R. Lokshall. Norsk Økonomisk Tidsskrift 118, 2, 2003, pp. 113-132.

30. “Oil wealth and real exchange rates: The FEER for Norway”, Working Paper No. 16, 2004, Norges Bank.

31. "Empirisk modellering av norske pengemarkeds- og obligasjonsrenter" with E. Frøyland. Norsk Økonomisk Tidsskrift 111, 1, 1997, pp. 63-92.

32. "Dollarkursens effekt på oljeprisene - en empirisk analyse" with Jon Petter Holter. Penger og Kreditt 3, 1996.

 Miscellaneous:

33. "Macroeconomic Analyses and Models" with Anne Berit Christiansen. Ch. XII in Central Bank Modernization (W. T. Banda, J. A. Solheim and M. G. Zephirin, eds), Occasional Papers No. 40, 2010, Norges Bank.

34. "Databases - Issues and Solution" with Jostein Eide. Ch. XI in Central Bank Modernization (W. T. Banda, J. A. Solheim and M. G. Zephirin, eds), Occasional Papers No. 40, 2010, Norges Bank.

35. "State dependent effects in labour and foreign exchange markets", Doctoral Dissertation 1, 2002, Norges Bank.

36. "Innvandreres tilknytning til arbeidsmarkedet" Norsk Økonomisk Tidsskrift 113, 1, 1999, pp. 23-48.

 See CV for complete list of publications.

Edited 16 October 2023 15:29