Blar i Norges Banks vitenarkiv på tittel
Viser treff 2532-2551 av 2795
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The Origins of a Paper Money Economy - the Case of Norway
(Working Papers;25/2009, Working paper, 2009)This article sketches the origins of paper money in Norway back to the last half of the 18th century and asks why there was no circulation of full-bodied coins even after notes had become convertible into silver at par in ... -
The Origins of Foreign Exchange Policy: The National Bank of Belgium and the Quest for Monetary Independence in the 1850s
(Working Papers;22/2010, Working paper, 2010)Can the central bank of a small open economy be mandated with the maintenance of both fixed exchange rates and monetary independence, and still succeed in the long term? Looking at a pioneering experiment put in place by ... -
The Outlook for the Norwegian Economy
(Others, 2009) -
The Outlook for the Norwegian Economy
(Others, 2007) -
The Outlook for the Norwegian Economy and the Challenges Ahead
(Others, 2005) -
The Output Gap in Norway - a Comparison of Different Methods
(Journal article, 2005)Are pressures in the economy strong or subdued? The answer to this question is important to a central bank operating an inflation-targeting monetary policy regime, because the degree of pressure in the economy can provide ... -
The Ownership Structure of Repurchasing Firms
(Working Papers;7/2004, Working paper, 2004)This paper provides an examination of the ownership structure in Norwegian firms that announced repurchase plans during the period 1999 through 2001, as well as for groups of these firms conditional on whether they actually ... -
The Pension Reform in Norway - a Useful Step, but More Funding Could be Beneficial
(Staff Memo;5/2006, Working paper, 2006)A reform of the fairly generous Norwegian public pension system was agreed upon by a broadly based coalition in the Norwegian Parliament in May 2005. The reform promises to reduce future costs and to improve labour incentives ... -
The Performance of Financial Institutions in 1999
(Others, 2000-04-26) -
The Performance of Inflation Forecast Feedback Rules in Small Open Economies
(Working Papers;11/2000, Working paper, 2000)This paper examines the performance of inflation forecast feedback rules in a two-sector, calibrated model of the U.K. economy. Under such rules, the interest rate responds to the deviation of the unchanged-interest-rate ... -
The Petroleum Fund Mechanism and Associated Foreign Exchange Transactions by Norges Bank
(Economic Commentaries;2/2014, Others, 2014)The Norwegian government receives substantial revenues from petroleum activities, both as revenues in NOK from oil taxes and revenues in foreign currency from the government’s own petroleum activities via the State’s Direct ... -
The Petroleum Fund Mechanism and Norges Bank’s Foreign Exchange Purchases for the GPFG
(Economic Commentaries;14/2012, Others, 2012)The Norwegian government receives substantial revenues from the petroleum sector. These revenues are in both foreign currency and Norwegian kroner. Some of the oil revenues are absorbed in the Norwegian economy by being ... -
The Petroleum Fund Mechanism and Norges Bank’s Foreign Exchange Transactions
(Economic Commentaries;1/2016, Others, 2016)The petroleum fund mechanism channels government revenues from petroleum activities on the Norwegian continental shelf to spending via the central government budget and to saving in the Government Pension Fund Global (GPFG). ... -
The Petroleum Sector and the Norwegian Economy
(Economic Commentaries;4/2015, Others, 2015)Economic developments in Norway between 2000 and 2014 were marked by the steep rise in oil prices in the same period. Demand from oil companies operating on both the Norwegian continental shelf and in the rest of the world ... -
The Phillips Curve and Beyond - Why Has Wage Growth Been so Low?
(Staff Memo;10/2018, Working paper, 2018)In this paper, we estimate various dynamic wage equations for mainland Norway. Our starting point is a standard Phillips curve. We then expand on our baseline specification by adding explanatory variables suggested by ... -
The Political Economy of Fiscal Deficits and Government Production
(Working Papers;7/2009, Working paper, 2009)This paper analyzes a framework where policymakers decide how to spend public resources on physical capital and labor in order to produce two public goods. Candidate policymakers disagree about which goods to produce, and ... -
The Power of Forward Guidance in NEMO
(Staff Memo;7/2019, Working paper, 2019)This staff memo revisits the power of forward guidance with particular emphasis on the effectiveness of anticipated policy in Norges Bank’s main policy model NEMO. First we explain, within the context of a simple toy model, ... -
The Power of Weather. Some Empirical Evidence on Predicting Day-Ahead Power Prices Through Weather Forecasts
(Working Papers;8/2008, Working paper, 2008)This paper examines the predictive power of weather for electricity prices in day-ahead markets in real time. We find that next-day weather forecasts improve the forecast accuracy of day-ahead electricity prices substantially, ... -
The Price Puzzle: Mixing the Temporary and Permanent Monetary Policy Shocks
(Working Papers;18/2008, Working paper, 2008)We argue that the correct identification of monetary policy shocks in a vector autoregression requires that the identification scheme distinguishes between permanent and transitory monetary policy shocks. The permanent ...