Browsing Norges Banks vitenarkiv by Title

Now showing items 2579-2598 of 2796

    • 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 ...

    • Tilbakeblikk på norsk pengehistorie - Konferanse 7. juni 2005 på Bogstad gård 

      Eitrheim, Øyvind; Frydenlund, Bård; Gjedrem, Svein; Grytten, Ola Honningdal; Jonung, Lars; Munthe, Preben; Qvigstad, Jan F. (Norges Banks Skriftserie;37, Book, 2005)

    • Tilbakekjøp er uaktuelt 

      Olsen, Øystein; Tangen, Nicolai (Chronicle, 2021-03-09)

    • Tilfredsstiller norske betalingssystemer de nye BIS-anbefalingene? 

      Watne, Kjetil (Journal article, 2001)
      Sentralbanker har lenge vært opptatt av risikoen i betalingssystemene. Man har fryktet at systemene er organisert slik at finansielle problemer hos en deltakene bank kan overføres gjennom systemene til andre deltakere, og ...

    • Tillit og troverdighet i pengepolitikken 

      Gjedrem, Svein (Others, 2001)

    • Time-Varying Expected Returns and Investor 

      Unknown author (Discussion note;1/2012, Others, 2012)
      What is the optimal rebalancing policy for a portfolio’s equity and bond holdings? The classical answer, building on the seminal contributions by Mossin (1968), Merton (1969, 1971), Samuelson (1969) and others, is that ...

    • Top Incomes, Rising Inequality, and Welfare 

      Lansing, Kevin J.; Markiewicz, Agnieszka (Working Papers;10/2012, Working paper, 2012)
      This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of U.S. households since 1980. ...

    • Trade conflicts and credit supply spillovers : Evidence from the Nobel Peace Prize trade shock 

      Cao, Jin; Dinger, Valeriya; Juelsrud, Ragnar E.; Liaudinskas, Karolis (Working paper;6/2023, Working paper, 2023)
      In this paper, we examine how a trade conflict’s impact on the real economy can be amplified by financial intermediaries. After China’s implicit ban on the imports of Norwegian salmon in response to the decision on 2010 ...

    • Trade-Offs in Monetary Policy 

      Gjedrem, Svein (Others, 2006)

    • Trade-Offs in Monetary Policy 

      Svendsen, Ingvild; Røisland, Øistein; Olsen, Kjetil (Journal article, 2004)
      Flexible inflation targeting implies that the central bank must in the short term strike a balance between price stability and stability in the real economy. With some types of disturbance, for example a demand shock, there ...