Blar i Norges Banks vitenarkiv på tittel
Viser treff 2581-2600 av 2795
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The Value Effect
(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
(Chronicle, 2001-11-09) -
The World Is Not Enough! Small Open Economies and Regional Dependence
(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
(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
(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
(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
(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
(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
(Norges Banks Skriftserie;37, Book, 2005) -
Tilbakekjøp er uaktuelt
(Chronicle, 2021-03-09) -
Tilfredsstiller norske betalingssystemer de nye BIS-anbefalingene?
(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
(Others, 2001) -
Time-Varying Expected Returns and Investor
(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
(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
(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
(Others, 2006) -
Trade-Offs in Monetary Policy
(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 ... -
Trading in equity markets : a study of individual, institutional and corporate trading decisions
(Doctoral Dissertations in Economics;4, Doctoral thesis, 2005-07-20)Market microstructure has become an increasingly important research area in empirical finance. Due to the improved availability of detailed intraday data, theoretical predictions about investor behaviour can now be tested. ... -
Transparency and Central Bank Communication
(Journal article, 2008)