Blar i Staff Memo på forfatter "Røisland, Øistein"
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A Small, Calibrated Macromodel to Support Inflation Targeting at Norges Bank
Husebø, Tore Anders; McCaw, Sharon; Olsen, Kjetil; Røisland, Øistein (Staff Memo;3/2004, Working paper, 2004)This note outlines a small, calibrated macromodel that can be used to support inflation targeting at Norges Bank. The model provides a stylised representation of the key flows in the macro economy, with a particular emphasis ... -
Implementing and Communicating Optimal Monetary Policy
Holmsen, Amund; Qvigstad, Jan F.; Røisland, Øistein (Staff Memo;3/2007, Working paper, 2007)The interest rate forecast plays a key role in the communication of monetary policy in Norges Bank. We give a comprehensive overview of the Bank’s communication with focus on the interest rate forecast. The main arguments ... -
Monetary Policy Analysis in Practice
Alstadheim, Ragna; Bache, Ida Wolden; Holmsen, Amund; Maih, Junior; Røisland, Øistein (Staff Memo;11/2010, Working paper, 2010)Norges Bank is one of few central banks publishing an interest rate fore- cast. This paper discusses how we derive and communicate the interest rate forecast. To produce the forecasts, the Bank uses a medium-sized small ... -
The Power of Forward Guidance in NEMO
Bergholt, Drago; Meyer, Sara S.; Mimir, Yasin; Røisland, Øistein (Staff Memo;7/2019, Working paper, 2019)This staff memo revisits the power of forward guidance with particular emphasis on the effectiveness of anticipated policy in Norges Bank’s main policy model NEMO. First we explain, within the context of a simple toy model, ...