Now showing items 10-29 of 2685

    • A Changing Global Economy 

      Olsen, Øystein (Others, 2011)
    • A Cobweb Model of Financial Stability in Norway 

      Dahl, Geir Arne; Kloster, Thea Birkeland; Larsen, Unni; Rakkestad, Ketil Johan; Reisvaag, Rebekka; Syversten, Bjørne Dyre H.; Træe, Cathrine Bolstad (Staff Memo;15/2011, Working paper, 2011)
      The Staff Memo presents a cobweb model of financial stability in Norway. The model is a technical tool that incorporates both vulnerabilities in the banking sector and external risks to the banking sector. Thus, the model ...
    • A Composite Indicator of Systemic Stress (CISS) for Norway – a Reference Indicator for the Reduction of the Countercyclical Capital Buffer 

      Wen, Yudi (Staff Memo;4/2015, Working paper, 2015)
      This paper constructs a Composite Indicator of Systemic Stress (CISS) for Norway using a portfolio-theoretic framework as in Holló, Kremer and Lo Duca (2012) to facilitate real-time monitoring of the short-term development ...
    • A Decade of Forward Guidance in Norway 

      Olsen, Øystein (Others, 2014)
    • A Decomposition of NIBOR 

      Tafjord, Kristian (Economic Commentaries;3/2015, Others, 2015)
      This commentary discusses the elements that comprise the Norwegian money market rate, NIBOR, given today’s foreign exchange swap construction. Furthermore it explains how international conditions can affect Norwegian money ...
    • A Diversified Economy 

      Gjedrem, Svein (Others, 2010)
    • A European-Type Wage Equation from an American-Style Labor Market: Evidence from a Panel of Norwegian Manufacturing Industries in the 1930s 

      Bårdsen, Gunnar; Doornik, Jurgen; Klovland, Jan Tore (Working Papers;4/2004, Working paper, 2004)
      Using a newly constructed panel of manufacturing industry data for interwar Norway, we estimate a long-run wage curve for the 1930s that has all the modern features of being homogeneous in prices, proportional to productivity, ...
    • A Financial Conditions Index for Norway 

      Vonen, Nikka Husom (Staff Memo;7/2011, Working paper, 2011)
      Financial conditions indexes (FCIs) may be useful tools for policymakers because they may have the ability to summarize overall financial conditions for households and companies and at the same time provide timely information ...
    • A Flexible Inflation Targeting Regime 

      Olsen, Øystein (Others, 2016)
    • A Heatmap for Monitoring Systemic Risk in Norway 

      Arbatli, Elif Ceren; Johansen, Rønnaug Melle (Staff Memo;10/2017, Working paper, 2017)
      We develop a tool to monitor systemic risk in Norway’s financial system. In particular, we construct 39 indicators capturing a wide range of financial vulnerabilities and organise them under three broad classes of ...
    • A Macroprudential Stress Testing Framework 

      Andersen, Henrik; Gerdrup, Karsten R.; Johansen, Rønnaug Melle; Krogh, Tord (Staff Memo;1/2019, Working paper, 2019)
      We present a macroprudential stress testing framework. While traditional stress testing assesses the level of banks’ capital adequacy relative to regulatory requirements through a hypothetical crisis, macroprudential stress ...
    • A Model for Predicting Aggregated Corporate Credit Risk 

      Nordal, Kjell Bjørn; Syed, Haseeb (Journal article, 2010)
      For many financial institutions credit risk, and in particular credit risk on loans to corporate borrowers, is the major source of risk. Good estimates of credit risk are important both for pricing individual loans and ...
    • A Model for Predicting Aggregated Corporate Credit Risk 

      Nordal, Kjell Bjørn; Syed, Haseeb (Journal article, 2010)
      We present a model linking macroeconomic variables directly to an aggregate measure of credit risk in selected industries. The model is an alternative to an approach where firm-specific credit risk is predicted and then ...
    • A Model of Bankruptcy Prediction 

      Bernhardsen, Eivind (Working Papers;10/2001, Doctoral thesis; Working paper, 2001)
      In this thesis, a model of bankruptcy prediction conditional on financial statements is presented. Apart from giving a discussion on the suggested variables the issue of functional form is raised. The specification most ...
    • A Model of Credit Risk in the Corporate Sector Based on Bankruptcy Prediction 

      Hjelseth, Ida Nervik; Raknerud, Arvid (Staff Memo;20/2016, Working paper, 2016)
      We propose a method for assessing the risk of losses on bank lending to the non-financial corporate sector based on bankruptcy probability modelling. We estimate bankruptcy models for different industries and attach a risk ...
    • A New Monthly Indicator of Global Real Economic Activity 

      Ravazzolo, Francesco; Vespignani, Joaquin L. (Working Papers;6/2015, Working paper, 2015)
      In modelling macroeconomic time series, often a monthly indicator of global real economic activity is used. We propose a new indicator, named World steel production, and compare it to other existing indicators, precisely ...
    • A New Settlement System at Norges Bank 

      Watne, Kjetil (Journal article, 2012)
      Norges Bank is among the first central banks to have outsourced the IT operation of its settlement system and adopted a second generation off-the-shelf settlement system from a commercial software vendor. During the two ...
    • A Note on Inflation Persistence 

      Holden, Steinar; Driscoll, John C. (Working Papers;14/2002, Working paper, 2002)
      Macroeconomists have for some time been aware that the New Keynesian Phillips curve, though highly popular in the literature, cannot explain the persistence observed in actual inflation. We argue that one of the more ...
    • A Quantitative Discursive Dilemma 

      Claussen, Carl Andreas; Røisland, Øistein (Working Papers;7/2007, Working paper, 2007)
      The typical judgment aggregation problem in economics and other fields is the following: A group of people has to judge/estimate the value of an uncertain variable y which is a function of κ other variables, i.e. y=D(χ1, ...
    • A Retrospective on the Introduction of Prices in the Norwegian Payment System 

      Enge, Asbjørn; Øwre, Grete (Journal article, 2006)
      During the 1980s, Norwegian banks introduced direct pricing of customers’ use of payment services. Direct pricing of payment services is relatively uncommon in other countries and Norway thus stands out in relation to the ...