• Sustainable Household Debt : Towards an Operational View and Framework 

      Lindquist, Kjersti-Gro (Staff Memo;33/2012, Working paper, 2012)
      From a broad financial stability perspective, sustainable household debt should be evaluated within a steady-state consumption-path approach. We calculate measures for households’ steady-state consumption based on average ...
    • Svakare vekstpotensial i eurolanda etter krisa 

      Husabø, Eilert (Aktuell Kommentar;7/2013, Others, 2013)
      Den globale finanskrisa i 2008 og den påfølgjande statsgjeldskrisa i euroområdet har hatt stor negativ innverknad på økonomisk vekst. Dette har verka direkte inn på Noreg gjennom redusert etterspurnad etter norsk eksport. ...
    • Svakheter ved Nibor 

      Ukjent forfatter (Norges Bank Memo;2/2014, Report, 2014)
      Høyfrekvente data fra Thomson Reuters gir mulighet til å studere i detalj hvordan individuelle banker har fastsatt sine Nibor-bidrag. Analysen viser at panelbankenes individuelle bidrag til Nibor varierer mye i forhold til ...
    • Symbolic Stationarization of Dynamic Equilibrium Models 

      Canova, Fabio; Paulsen, Kenneth Sæterhagen (Working paper;18/2021, Working paper, 2021)
      Dynamic equilibrium models are specified to track time series with unit root-like behavior. Thus, unit roots are typically introduced and the optimality conditions adjusted. This step requires tedious algebra and often ...
    • Syndicated Loans 

      Ukjent forfatter (Discussion note;4/2014, Others, 2014)
      Investments in private debt may provide attractive investment opportunities for a large investor able and willing to commit funds to illiquid instruments. In this note we look closer at one particular type of private debt ...
    • Systemer for likviditetsstyring : Oppbygging og egenskaper 

      Syrstad, Olav (Staff Memo;5/2011, Working paper, 2011)
      Målet i likviditetspolitikken er å sørge for at de helt kortsiktige pengemarkedsrentene holdes nær styringsrenten. Sentralbankene oppnår dette ved å fastsette vilkårene for bankenes lån og plasseringer i sentralbanken, ...
    • Systemic Surcharges and Measures of Systemic Importance 

      Berg, Sigbjørn Atle (Staff Memo;12/2010, Working paper, 2010)
      There is an emerging consensus that systemically important banks should face stricter regulations and systemic surcharges. To make this latter principle operational we need to quantify the systemic importance of individual ...
    • Særskatt på finansinstitusjoner og avgifter til sikringsfond 

      Berg, Sigbjørn Atle (Journal article, 2010)
      I kjølvannet av finanskrisen er det kommet mange forslag til nye skatter for finansnæringen. Motivene springer i stor grad ut fra den aktuelle situasjonen. I denne artikkelen ser vi på det faglige grunnlaget for noen av ...
    • TARGET2-Securities – billigere og sikrere verdipapiroppgjør i Europa? 

      Husevåg, Vigdis (Journal article, 2010)
      Ved uro i verdipapirmarkedet er det spesielt viktig at man har gode systemer for å gjøre opp handler. den europeiske sentralbanken har etablert prosjektet TARGET2-Securities (T2S), som skal gjøre det enklere og billigere ...
    • Targeted Countercyclical Capital Buffers 

      Galaasen, Sigurd Mølster; Solheim, Haakon (Staff Memo;13/2018, Working paper, 2018)
      This paper investigates the effect of broad-based versus sectoral capital requirements using a dynamic model of bank behaviour. We study the problem facing banks when determining their dividend policy and portfolio of ...
    • Technology and the Two Margins of Labor Adjustment: A New Keynesian Perspective 

      Furlanetto, Francesco; Sveen, Tommy; Weinke, Lutz (Working papers;7/2018, Working paper, 2018)
      Canova et al. (2010 and 2012) estimate the dynamic response of labor market variables to technological shocks. They show that investment-speci c shocks imply almost exclusively an adjustment along the intensive margin ...
    • Teknisk beregning av KPIXE 

      Hov, Marius Nyborg (Staff Memo;3/2009, Working paper, 2009)
      Norges Bank ser på flere ulike indikatorer i vurderingen av underliggende inflasjon. KPIXE2 er en indikator for underliggende inflasjon som ble publisert første gang i Pengepolitisk rapport 2/08. KPIXE fanger opp den ...
    • Teknologiutvikling og klimatiltak kan påvirke bankenes kredittrisiko 

      Turtveit, Lars-Tore; Goldsack, Madeleine (Staff Memo;6/2018, Working paper, 2018)
      Klimarisiko kan ha betydning for finansiell stabilitet. For Norge kan en stor oljesektor innebære en særegen risiko knyttet til svakere framtidig oljeetterspørsel. Usikkerhet om framtidig klimaregulering og teknologiutvikling ...
    • Temporary Halt in Labour Migration to Norway? 

      Halvorsen, Kaj W.; Lerbak, Marie Norum; Solheim, Haakon (Economic Commentaries;6/2009, Others, 2009)
      Labour migration to Norway increased considerably following EEA enlargement in 2004. In summer 2008, close to 95 000 persons from the Baltic countries and Poland were employed in Norway in addition to 60 000 from Nordic ...
    • Ten Years of Household Micro Data. What Have We Learned? 

      Lindquist, Kjersti-Gro; Riiser, Magdalena D.; Solheim, Haakon; Vatne, Bjørn Helge (Staff Memo;8/2014, Working paper, 2014)
      Administrative register data for Norwegian households are used to analyse the distribution of debt and assets by income, wealth and age group. We find that the cross-sectional distribution is skewed. The distribution of ...
    • Term Structure Forecasting Using Macro Factors and Forecast Combination 

      de Pooter, Michiel; Ravazzolo, Francesco; van Dijk, Dick (Working Papers;1/2010, Working paper, 2010)
      We examine the importance of incorporating macroeconomic information and, in particular, accounting for model uncertainty when forecasting the term structure of U.S.interest rates. We start off by analyzing and comparing ...
    • Testing for a Time-Varying Price-Cost Markup in the Euro Area Inflation Process 

      Bowdler, Christopher; Jansen, Eilev S. (Working Papers;9/2004, Working paper, 2004)
      Empirical models of inflation often incorporate equilibrium correction effects based upon levels of prices and input costs. Such models assume that the steady-state price-cost markup is constant, but recent research suggests ...
    • Testing for Micro Efficiency in the Housing Market 

      Anundsen, André K.; Larsen, Erling Røed (Working Papers;6/2016, Working paper, 2016)
      While aggregate house price indices display time persistence, less is known about micro persistence. This article proposes that absence of micro persistence implies that an excessively high or low sell price in one transaction ...
    • Testing Steady-State Implications for the NAIRU 

      Bårdsen, Gunnar; Nymoen, Ragnar (Working Papers;3/2000, Working paper, 2000)
      Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price ...