• Risikoen ved bankenes utenlandsopplåning 

      Gerdrup, Karsten R.; Lund, Arild J.; Weme, Sindre (Journal article, 2000)
      Bankenes valutagjeld til utlandet har økt kraftig fra 1995. En tilsvarende vekst fant sted midt på 1980-tallet. I forhold til bankenes samlede utlån er utenlandsfinansieringen mindre nå enn den gang. Som midt på 1980- ...
    • Short-Term Forecasting of GDP and Inflation in Real-Time : Norges Bank’s System for Averaging Models 

      Aastveit, Knut Are; Gerdrup, Karsten R.; Jore, Anne Sofie (Staff Memo;9/2011, Working paper, 2011)
      In this paper we describe Norges Bank's system for averaging models (SAM) which produces model-based density forecasts for Norwegian Mainland GDP and inflation. We combine the forecasts from three main types of models ...
    • The Effect of Higher Interest Rates on Household Disposable Income and Consumption - a Static Analysis of the Cash-Flow Channel 

      Gerdrup, Karsten R.; Torstensen, Kjersti Næss (Staff Memo;3/2018, Working paper, 2018)
      Household debt in Norway has risen substantially over the past 15-20 years relative to both disposable income and bank deposits. An increase in interest rates will therefore reduce disposable income for Norwegian households ...
    • The Neutral Real Interest Rate 

      Bernhardsen, Tom; Gerdrup, Karsten R. (Journal article, 2007)
      The concept “neutral real interest rate” is generally associated with the real interest rate level, which implies that monetary policy is neither expansionary nor contractionary. We define the neutral real interest rate ...
    • The Norwegian Banking Crisis 

      Gerdrup, Karsten R.; Moe, Thorvald Grung; Moen, Harald; Sandal, Knut; Schwierz, Christoph; Solheim, Jon A.; Steigum, Erling; Vale, Bent; Wilse, Hans Petter (Occasional Papers;33, Book, 2004)
    • The Risk Associated with Banks` Foreign Borrowing 

      Gerdrup, Karsten R.; Lund, Arild J.; Weme, Sindre (Journal article, 2000)
      Since 1995 banks’ foreign borrowing has increased sharply, matching the growth recorded in the mid-1980s. Measured in relation to banks’ total loans, foreign funding is smaller now than at that time. As was the case in the ...
    • Virkningen av økt rente på husholdningenes disponible inntekter og konsum - en statisk analyse av kontantstrømkanalen 

      Gerdrup, Karsten R.; Torstensen, Kjersti Næss (Staff Memo;3/2018, Working paper, 2018)
      Gjelden i norske husholdninger har økt betydelig de siste 15-20 årene både i forhold til utviklingen i disponible inntekter og i forhold til bankinnskudd. En renteøkning vil derfor redusere norske husholdningers disponible ...
    • Weights and Pools for a Norwegian Density Combination 

      Bjørnland, Hilde C.; Gerdrup, Karsten R.; Smith, Christie; Jore, Anne Sofie; Thorsrud, Leif Anders (Working Papers;6/2010, Working paper, 2010)
      We apply a suite of models to produce quasi-real-time density forecasts of Norwegian GDP and inflation, and evaluate different combination and selection methods using the Kullback-Leibler information criterion (KLIC). We ...