Browsing Norges Banks vitenarkiv by Author "Galaasen, Sigurd Mølster"
Now showing items 1-5 of 5
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Cyclical Capital Regulation and Dynamic Bank Behaviour
Galaasen, Sigurd Mølster; Johansen, Rønnaug Melle (Staff Memo;22/2016, Working paper, 2016)In this paper we develop a dynamic model of bank behaviour to study cyclical capital regulation. We study the decision problem of a single bank that chooses its dividend policy and holds a portfolio of long-term loans ... -
Langvarige konsekvenser i arbeidsmarkedet
Ellingsen, Nicolai; Galaasen, Sigurd Mølster (Staff Memo;1/2021, Working paper, 2021)Vi studerer langvarig sysselsettingskonsekvenser av dype økonomiske nedgangstider ved å utnytte den geografiske variasjonen i lokale økonomiske forhold i etterkant av oljepriskollapsen i 2014. Vi dokumenterer en negativ ... -
Pension Reform Disabled
Galaasen, Sigurd Mølster (Working Papers;20/2017, Working paper, 2017)Old-age pension reform is on the agenda across the OECD, and a key target is to delay retirement. Most of these countries also have a disability insurance (DI) program accounting for a large share of labor force exits. ... -
R&D Heterogeneity and Its Implications for Growth
Galaasen, Sigurd Mølster; Irarrazabal, Alfonso (Working Papers;15/2016, Working paper, 2016)This paper quantifies the determinants of heterogeneity in R&D investment and its implications for growth. Using a panel of Norwegian manufacturing firms we document a negative correlation between R&D intensity and firm ... -
Targeted Countercyclical Capital Buffers
Galaasen, Sigurd Mølster; Solheim, Haakon (Staff Memo;13/2018, Working paper, 2018)This paper investigates the effect of broad-based versus sectoral capital requirements using a dynamic model of bank behaviour. We study the problem facing banks when determining their dividend policy and portfolio of ...