Blar i Norges Banks vitenarkiv på tittel
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Policy Analysis in Real Time Using IMF's Monetary Model
(Working Papers;10/2010, Working paper, 2010)We investigate to what extent estimated relationships of the IMF’s monetary model and their policy implications are sample dependent. This model constitutes the core of the IMF’s financial programming models for developing ... -
The policy rate has been kept unchanged at this meeting
(Others, 2023) -
The policy rate has been raised to bring down inflation
(Others, 2023) -
The policy rate is kept unchanged
(Others, 2024) -
Policy rate raised to bring down inflation
(Others, 2023) -
Policy rate will likely be held steady for some time
(Others, 2024) -
Policy Rules and External Shocks
(Working Papers;3/2001, Working paper, 2001)The decade since 1990 has been a period of innovation in monetary policy. Around the world, many countries have adopted inflation targeting as their basic policy framework. Different countries have tried different techniques ... -
Policy-Making and Models at Norges Bank
(Staff Memo;5/2005, Working paper, 2005)[...] Norges Bank’s macro models have played a key role in forecasting work over many years. Inflation targeting probably places greater demands on our understanding of the way the economy functions than earlier regimes, ... -
Politikk og marked i det internasjonale finansielle systemet
(Others, 1999) -
Portfolio Choice When Managers Control Returns
(Working Papers;15/2005, Working paper, 2005)This paper investigates the allocation decision of an investor with two projects. Separate managers control the mean return from each project, and the investor may or may not observe the managers’ actions. We show that the ... -
Portfolio delegation and the effects of benchmarks
(Discussion Note;1/2020, Others, 2020) -
PPP Despite Real Shocks: An Empirical Analysis of the Norwegian Real Exchange Rate
(Working Papers;7/2000, Working paper, 2000)Despite the emerging consensus on the validity of purchasing power parity (PPP) between trading countries in the long run, empirical evidence in favour of the PPP theory is scarce in data predominantly exposed to real ... -
PPP in the Medium Run Despite Oil Shocks: The Case of Norway
(Working Papers;4/2002, Working paper, 2002)Existing studies generally reject purchasing power parity (PPP) on datasets from countries that have been affected by large real shocks, including Norway. However, we offer strong evidence of PPP between Norway and its ... -
Present-day Stabilisation Policy Challenges for the Central Bank
(Others, 1998) -
Price Adjustments and Inflation - Evidence from Norwegian Consumer Price Data 1975-2004
(Working Papers;11/2009, Working paper, 2009)I document price adjustments in both high and low inflation years from 14 milllion monthly price observations of 1,133 goods and services. The variation in the frequency of price changes explains all the variation in the ... -
The Price Responsiveness of Shale Producers: Evidence from Micro Data
(Working paper;10/2022, Working paper, 2022)We show that shale oil producers respond positively to favourable oil price signals, and that this response is mainly associated with the timing of production decisions through well completion and refracturing, consistent ... -
Price spillovers in Norway: Less prevalent after the 1980s
(Staff Memo;12/2023, Working paper, 2023)This Staff Memo considers some of the available evidence on relative price shocks as a driver of Norwegian inflation dynamics in high- versus low-inflation regimes. The results suggest that relative price shocks have largely ... -
Price Stability and Inflation Persistence During the International Gold Standard: The Scandinavian Case
(Working Papers;20/2009, Working paper, 2009)In the 1870s the three Scandinavian countries Denmark, Norway and Sweden formed the Scandinavian Currency Union. Both the adoption of gold and the monetary union were supposed to lead to price stability in and between these ... -
Price Stability Is Not Self-Generating
(Others, 2005) -
Price-Level Determinacy, Lower Bounds on the Nominal Interest Rate, and Liquidity Traps
(Working Papers;3/2006, Working paper, 2006)We consider standard monetary-policy rules with inflation-rate targets and interest-rate or money-growth instruments using a flexible-price, perfect foresight model. There is always a locally-unique target equilibrium. ...