• On the Design of Monetary Policy Committees 

      Blinder, Alan S. (Working Papers;6/2008, Working paper, 2008)
      Keynote lecture prepared for the Norges Bank research workshop “Monetary Policy Committees,” Oslo, September 6-7, 2007.
    • On the Importance of Foreign Factors for the Norwegian Economy 

      Aastveit, Knut Are; Furlanetto, Francesco; Ravazzolo, Francesco (Economic Commentaries;3/2013, Others, 2013)
      The objective of this note is to describe two recent studies that both quantify the importance of foreign factors for the Norwegian economy by using time series econometric models. Furlanetto, Ravazzolo and Sarferaz (2013) ...
    • On the Interplay Between Monetary Policy and Macroprudential Policy: A Simple Analytical Framework 

      Røisland, Øistein (Working Papers;18/2018, Working paper, 2017)
      The paper provides a simple analytical framework for analyzing the interplay between monetary policy and macroprudential policy. Three questions are analyzed: (i) Under which assumptions is coordination necessary to implement ...
    • On the Purpose of Models - the Norges Bank Experience 

      Gerdrup, Karsten R.; Nicolaisen, Jon (Staff Memo;6/2011, Working paper, 2011)
      Macroeconomic models are important ingredients in the monetary policy process, and, in the Norwegian case, projecting a forward interest rate path. In this paper we argue that when deciding on a model strategy, it is crucial ...
    • On the Risk of a Fall in Household Consumption in Norway 

      Vatne, Bjørn Helge (Staff Memo;16/2014, Working paper, 2014)
      This paper utilises household level data from administrative registers to illustrate that Norwegian households' high debt-to-income and loan-to-value ratios could prompt an increase in household saving in the event of a ...
    • On the Topic of Keeping Promises 

      Qvigstad, Jan F. (Others, 2008)
    • On Transparency 

      Qvigstad, Jan F. (Others, 2009)
    • On Transparency 

      Aardal, Bernt; Backer, Inge Lorange; Føllesdal, Andreas; Hylland, Aanund; Qvigstad, Jan F. (Occasional Papers;41, Book, 2010)
    • One Year of Inflation Targeting 

      Gjedrem, Svein (Others, 2002)
    • Opacity and risk-taking: Evidence from Norway 

      Cao, Jin; Juelsrud, Ragnar E. (Working Paper;12/2020, Working paper, 2020)
      This paper investigates how balance sheet opacity affects banks' risk-taking behavior. We measure bank balance sheet opacity according to two metrics: the ratio of available-for-sale (AFS) securities and the ratio of ...
    • OPEC's Market Power: An Empirical Dominant Firm Model for the Oil Market 

      Golombek, Rolf; Irarrazabal, Alfonso; Ma, Lin (Working Papers;3/2014, Working paper, 2014)
      In this paper we estimate a dominant firm-competitive fringe model for the crude oil market using quarterly data on oil prices for the 1986-2009 period. All the estimated structural parameters have the expected sign and ...
    • Open-Economy Inflation Forecast Targeting 

      Leitemo, Kai (Working Papers;2/2000, Working paper, 2000)
      The paper shows that the procedure of inflation forecast targeting arguably implemented by Sveriges Riksbank and the Bank of England may lead to high nominal and real variability; the latter being manifested most notably ...
    • Operational Problems in Banks – Effects on the Settlement of Payments in Norges Bank 

      Berge, Tor Oddvar; Christophersen, Casper (Journal article, 2012)
      The settlement process in the Norges Bank settlement system (NBO) will be affected if an operational problem occurs in one of its participating banks. The inability of one bank to send payments may have significant effects ...
    • Operational problems in banks – Effects on the settlement of payments in Norges Bank 

      Berge, Tor Oddvar; Christophersen, Casper (Journal article, 2012)
      We analyse the robustness of the settlement process in the Norges Bank settlement system (NBO) to operational problems in one of its participating banks. The analysis is based on a large number of simulations using actual ...
    • Oppgangen i oljeprisen – fundamentale og finansielle faktorer 

      Akram, Q. Farooq; Winje, Pål (Aktuell Kommentar;1/2008, Others, 2008)
      Oljeprisen har steget mye de senere årene. Prisen er nå rekordhøy også i reelle termer, [...]. Fundamentale forhold, som etterspørsel og tilbud av olje, er viktige forklaringsfaktorer bak prisoppgangen. Finansielle forhold, ...
    • Oppgjørsrisiko ved valutahandel 

      Bergundhaugen, Jon (Journal article, 2000)
      Daglig flyttes enorme beløp mellom finansinstitusjoner i hele verden som oppgjør for valutahandler. Ulike tidssoner og teknologiske begrensninger medfører at partene i oppgjøret normalt påtar seg full og usikret risiko på ...
    • Optimal Bailout During Currency and Financial Crises: A Sequential Game Analysis 

      Mundaca, B. Gabriela (Working Papers;13/2000, Working paper, 2000)
      We present a model that illustrates the close relationship between the possibility of a currency crisis and the amount of private-sector debt within a four-stage sequential game framework. The agents are the government and ...
    • Optimal capital adequacy ratio for Norwegian banks 

      Andersen, Henrik; Juelsrud, Ragnar Enger (Staff Memo;9/2021, Working paper, 2022)
      In this paper, we analyse the appropriate capital adequacy ratio for banks from a socio-economic perspective. More equity capital in banks can contribute to financial stability by reducing the risk of costly banking crises, ...
    • Optimal Dutch Disease 

      Matsen, Egil; Torvik, Ragnar (Working Papers;3/2003, Working paper, 2003)
      Growth models of the Dutch disease, such as those of Krugman (1987), Matsuyama (1992), Sachs and Warner (1995) and Gylfason et al. (1999), explain why resource abundance may reduce growth. The literature, however, also ...