Browsing Norges Banks vitenarkiv by Title
Now showing items 2559-2578 of 2795
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The Reliability of Today's Financial Macroindicators
(Journal article, 2003)Norges Bank’s key rate (sight deposit rate) is set on the basis of information concerning developments in a number of economic and financial variables. In order to provide the optimal basis for monetary policy decisions, ... -
The Rise in Oil Prices - Fundamental and Financial Factors
(Economic Commentaries;1/2008, Others, 2008)Oil prices have risen sharply in recent years and are now record-high also in real terms [...]. Fundamental factors, such as oil supply and demand, are important explanatory variables for the price increase. Financial ... -
The Risk Associated with Banks` Foreign Borrowing
(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 ... -
The Risk Components of Liquidity
(Working Papers;3/2008, Working paper, 2008)Does liquidity risk differ depending on our choice of liquidity proxy? Unlike literature that considers common liquidity variation, we focus on identifying different components of liquidity, statistically and economically, ... -
The Risk-Taking Channel of Monetary Policy in Norway
(Working Papers;5/2016, Working paper, 2016)We identify the effects of monetary policy on credit risk-taking using a unique dataset covering the population of corporate borrowers in Norway. We find that a lower benchmark interest rate (interbank rates or overnight ... -
The Role of Assessments and Judgement in the Macroeconomic Model RIMINI
(Journal article, 2001)The Inflation Report’s projections for economic developments are important for Norges Bank’s conduct of monetary policy. The macroeconomic model RIMINI is used as a tool in developing these projections. This article provides ... -
The role of central banks : a Norwegian perspective
(Others, 2016) -
The Role of House Prices in the Monetary Policy Transmission Mechanism in Small Open Economies
(Working Papers;6/2009, Working paper, 2009)We analyse the role of house prices in the monetary policy transmission mechanism in Norway, Sweden and the UK using structural VARs. A solution is proposed to the endogeneity problem of identifying hocks to interest rates ... -
The Role of House Prices in the Monetary Policy Transmission Mechanism in the U.S.
(Working Papers;24/2008, Working paper, 2008)We analyze the role of house prices in the monetary policy transmission mechanism in the U.S. using structural VARs. The VAR is identified using a combination of short-run and long-run (neutrality) restrictions, allowing ... -
The Role of Interest Rates and the Outlook for the Norwegian Economy
(Others, 2006) -
The Role of Last Look in Foreign Exchange Markets
(Asset Manager Perspective;3/2015, Others, 2015)Last Look is a unique feature of foreign exchange (FX) markets that gives liquidity providers the option to reject orders received from liquidity takers in response to the provider’s quote. This feature is effective in ... -
The Role of Oil Prices and Monetary Policy in the Norwegian Economy Since the 1980s
(Working Papers;1/2016, Working paper, 2016)We use a TVP-VAR model to investigate possible changes in the time series properties of key Norwegian macroeconomic variables since the 1980s. The sample period is characterised by deregulation, globalization, sizable ... -
The Role of Securities Lending in Well-Functioning Markets
(Asset Manager Perspective;2/2016, Others, 2016)Securities lending markets contribute to well-functioning markets in important ways. The main vector for this contribution is that lending markets aid in efficient price discovery for assets. Asymmetries in the ability of ... -
The Role of the Central Bank
(Others, 2002) -
The Role of the Interest Rate in the Economy
(Others, 2003) -
The Significance of Uncertainty in Monetary Policy
(Journal article, 2000)Observations seem to indicate that central banks adjust their key rates gradually. Uncertainty regarding economic relationships and measurement errors in the data may point to a need for key rates to be adjusted gradually. ... -
The Structure of Inflation-Linked Bond Markets
(Discussion note;9/2012, Others, 2012)We describe the market structure of global inflation-linked bonds to evaluate to what degree they constitute an investable and homogeneous asset class. In particular, we discuss the market’s growth, size and composition ... -
The Sustainable Development Goals and the Government Pension Fund Global
(Asset Manager Perspective;1/2018, Others, 2018)The UN Sustainable Development Goals (SDGs) set out an ambitious policy agenda to achieve sustainable economic, social and environmental development by 2030. As a long-term and global owner, the Government Pension Fund ... -
The Taylor Principle in a Medium-Scale Macroeconomic Model
(Working Papers;9/2010, Working paper, 2010)The Taylor Principle is often used to explain macroeconomic stability (see, e.g., Clarida et al. 2000). The reason is that this simple principle guarantees determinacy, i.e., local uniqueness of rational expectations ... -
The Term Premium
(Discussion note;4/2011, Others, 2011)In this section, we review the theory and empirical evidence of the term premium. The term premium is the excess return that an investor obtains in equilibrium from committing to hold a long-term bond instead of a series ...