Browsing Norges Banks vitenarkiv by Title
Now showing items 2267-2286 of 2795
-
Rising Food Prices – a Driving Force Behind Inflation?
(Journal article, 2008)Global food prices have risen sharply since the beginning of 2007. In this article, we look at the factors behind the rise in food prices, both globally and in Norway. The increase in food prices in Norway, as measured in ... -
Risk and Efficiency in the Payment System
(Others, 1999) -
Risk and Growth in the Financial Industry
(Others, 2005) -
Risk and Return of Different Asset Allocations
(Discussion Note;2/2016, Others, 2016)In this note, we evaluate the risk and return characteristics of equities and government bonds, and discuss how the risk and return profile of a portfolio of these asset classes varies with the size of the equity allocation ... -
Risk in the Norwegian Settlement System
(Journal article, 2001)In recent years, there has been strong international focus on risk in the payment system and most countries have implemented measures to reduce this risk. In this article, we will discuss the main aspects of Norges Bank’s ... -
Risk Premiums in NIBOR and Other Countries’ Interbank Lending Rates
(Staff Memo;21/2012, Working paper, 2012)Interbank interest rates such as three‐ and six‐month LIBOR, EURIBOR, STIBOR and NIBOR play an important role as benchmark rates for a number of loan contracts and various types of derivatives. Interbank rates are intended ... -
Risk Taking in Selection Contests
(Working Papers;2/1999, Working paper, 1999)We study selection contests in which the strategic variable is degree of risk rather than amount of effort. The selection efficiency of such contests is examined. We show that the selection efficiency of a contest may be ... -
Risk-based pricing in competitive lending markets
(Working paper;19/2021, Working paper, 2021)We use unique data on banks' private risk assessments of corporate borrowers to quantify how competition among banks affect the risk sensitivity of interest rates in the Norwegian credit market. We show that an increase ... -
Risks and Rewards in Emerging Equity Markets
(Discussion note;6/2012, Others, 2012)We survey the literature on the risks and rewards in emerging equity markets. Drawing on theoretical and empirical arguments, we assess whether a long-term investor should have a strategic allocation to these markets that ... -
Risks and Rewards of Inflation-Linked Bonds
(Discussion note;10/2012, Others, 2012)Inflation-linked bonds are fixed-income securities whose principal and coupons are linked to price indices. They are designed to eliminate the risk of unexpected inflation to the holders of the bonds. In this discussion ... -
Robust-Satisficing Monetary Policy Under Parameter Uncertainty
(Working Papers;14/2007, Working paper, 2007)We employ the robust-satisficing approach to derive robust monetary policy when parameters of a macro model are uncertain. There is a trade-off between robustness of policies and their performance. Hence, under uncertainty, ... -
Robustifying Optimal Monetary Policy in Norway
(Staff Memo;17/2012, Working paper, 2012)Monetary policy is usually modelled as either simple rules or optimal policy. While the former are often seen as incomplete and unrealistic for practical policymaking, the latter can yield catastrophy should the policymaker ... -
Robustifying Optimal Monetary Policy Using Simple Rules as Cross-Checks
(Working Papers;22/2012, Working paper, 2012)There are two main approaches to modelling monetary policy; simple instrument rules and optimal policy. We propose an alternative that combines the two by extending the loss function with a term penalizing deviations from ... -
The role of closing auctions in well-functioning markets
(The Asset Manager Perspective;2/2020, Others, 2020)The growth in volume share at the close of the trading day has been well documented in the literature. Beyond their positive contribution to end-of-day price discovery, closing auctions have become significant liquidity ... -
Role of Exchanges in Well-Functioning Markets
(Asset Manager Perspective;2/2015, Others, 2015)Stock exchanges play a central role in facilitating the funding of firms and promoting investment and wealth creation. They provide two key services to economic growth and capital markets – policing of listing privileges ... -
The role of monetary policy during the Covid-19 pandemic
(Others, 2020) -
Room for Manoeuvre or Predictability in Monetary Policy : chronicle in Aftenposten
(Chronicle, 2000-06-08) -
Rule-Of-Thumb Consumers, Productivity and Hours
(Working Papers;5/2007, Working paper, 2007)In this paper we study the transmission mechanisms of productivity shocks in a model with rule-of-thumb consumers. In the literature, this financial friction has been studied only with reference to fiscal shocks. We show ... -
Salience of Debt and Homebuyers’ Credit Decisions
(Working Papers;21/2015, Working paper, 2015)We show how a regulatory disclosure of hidden debt can eliminate a large mispricing in housing. In a setting where homebuyers must combine several sources of debt, they are biased towards hidden loans, especially if they ...