Browsing Norges Banks vitenarkiv by Title

Now showing items 2570-2589 of 2796

    • The Role of Last Look in Foreign Exchange Markets 

      Unknown author (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 

      Akram, Q. Farooq; Mumtaz, Haroon (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 

      Unknown author (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 

      Gjedrem, Svein (Others, 2002)

    • The Role of the Interest Rate in the Economy 

      Bergo, Jarle (Others, 2003)

    • The Significance of Uncertainty in Monetary Policy 

      Frøyland, Espen; Lønning, Ingunn (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 

      Unknown author (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 

      Unknown author (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 

      Sveen, Tommy; Weinke, Lutz (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 

      Unknown author (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 ...

    • The Theoretical Background for Macroprudential Policy 

      Holmsen, Amund (Others, 2014)

    • The Use of Reference Rates and Their Impact on the Currency Market 

      Xu, Hong; Øwre-Johnsen, Marit (Economic Commentaries;8/2014, Others, 2014)
      Millions of trades are executed in the currency market daily. Exchange rates move continuously during the day and can fluctuate considerably within a very short time span. In many contexts, there is a need for a daily ...

    • The Value Effect 

      Unknown author (Discussion note;16/2012, Others, 2012)
      In this note, we review the theory and empirical evidence of the value effect. The value effect is the excess return that a portfolio of value stocks (stocks with a low market value relative to fundamentals) has, on average, ...

    • The Work of Setting Interest Rates : chronicle in Finansavisen 

      Gjedrem, Svein (Chronicle, 2001-11-09)

    • The World Is Not Enough! Small Open Economies and Regional Dependence 

      Aastveit, Knut Are; Bjørnland, Hilde C.; Thorsrud, Leif Anders (Working Papers;16/2011, Working paper, 2011)
      This paper bridges the new open economy factor augmented VAR (FAVAR) studies with the recent findings in the business cycle synchronization literature emphasizing the importance of regional factors. That is, we estimate ...

    • The Zero Lower Bound on the Interest Rate and a Neo-Classical Phillips Curve 

      Alstadheim, Ragna (Working Papers;13/2010, Working paper, 2010)
      With sticky prices, optimizing agents and money in the utility function, I derive the exact analytical solution for optimal monetary policy given a zero lower bound (ZLB) on the interest rate. The Phillips curve is ...

    • Third-Order Approximation of Dynamic Models Without the Use of Tensors 

      Binning, Andrew (Working Papers;13/2013, Working paper, 2013)
      I outline a new method for finding third-order accurate solutions to dynamic general equilibrium models. I extend the Gomme & Klein (2011) solution for second-order approximations without using tensors, to a third-order. ...

    • ”til Christiania for at søge Forlindring i de store Tyngsler” : Bondetogene på Østlandet og bøndenes motstand mot skattepolitikken i 1818 

      Johansson, Sonja Serina Finstad (Staff Memo;3/2012, Working paper, 2012)
      Gjennom hele 1818 viste bønder på Østlandet sin motstand mot skattleggingen og finanspolitikken, både ved å skrive søknader og ved å gå i direkte konfrontasjon mot myndighetene gjennom organiseringen og utførelsen av ...

    • Tilbakeblikk på 20 år med ny sentralbanklov 

      Skånland, Hermod (Journal article, 2005)
      Sentralbankloven av 1985 hadde som utgangspunkt en pengepolitikk preget av direkte reguleringer og politisk fastsettelse av renten. Etter at Norges Bank senere ble overlatt å bruke renten i forsvaret av kronekursen, var ...

    • Tilbakeblikk på innføringen av priser i norsk betalingsformidling 

      Enge, Asbjørn; Øwre, Grete (Journal article, 2006)
      Direkte priser på betalingstjenester er relativt uvanlig i internasjonal sammenheng. I løpet av 1980-tallet ble slik prising innført i norske banker etter at det lenge hadde vært et tema for debatt. Artikkelen redegjør for ...