Browsing Norges Banks vitenarkiv by Title

Erfaringer med pengepolitikken i Norge siden 2001

Unknown author (Norges Bank Memo;1/2017, Report, 2017)

Erfaringer og utfordringer i norsk pengepolitikk

Storvik, Kjell (Others, 1998)

Error-Correction Versus Differencing in Macroeconometric Forecasting

Eitrheim, Øyvind; Husebø, Tore Anders; Nymoen, Ragnar (Working Papers;6/1998, Working paper, 1998)

Recent work by Clements and Hendry have shown why forecasting systems that are in terms of differences, dVARs, can be more accurate than economet- ric models that include levels variables, ECMs. For example, dVAR forecasts ...

Essays on the microstructure of stock markets : empirical evidence from trading arrangements without dealer intermediation

Næs, Randi (Doctoral Dissertations in Economics;5, Doctoral thesis, 2005-07-21)

Understanding the competitive environment for securities trading is of great importance for Norges Bank’s overall responsibility for financial stability. As a manager of the Norwegian Government Petroleum Fund, the bank ...

Estimates of banks' losses on loans to the corporate sector

Hjelseth, Ida Nervik; Saxegaard, Elif Arbatli; Solheim, Haakon; Vatne, Bjørn H. (Staff Memo;10/2020, Working paper, 2020)

Loans to non-ﬁnancial enterprises are the main source of banks’ losses. Analyses of banks’ losses on corporate loans are therefore important in the assessment of ﬁnancial stability. This paper presents Norges Bank’s framework ...

Estimates of the Neutral Rate of Interest in Norway

Brubakk, Leif; Ellingsen, Jon; Robstad, Ørjan (Staff Memo;7/2018, Working paper, 2018)

In this paper, we estimate the neutral real rate for the Norwegian economy using two different empirical models, a vector autoregressive model with time-varying parameters (TVP-VAR) and a State-Space (SS) model similar to ...

Estimating and Interpreting Interest Rate Expectations

Kloster, Arne (Journal article, 2000)

Expectations about future interest rates and inflation influence economic developments. For example, market expectations of higher inflation may themselves result in higher inflation, for instance through higher pay ...

Estimating firms’ bank-switching costs

Liaudinskas, Karolis; Grigaitė, Kristina (Working Paper;4/2021, Working paper, 2021)

We explore Lithuanian credit register data and two bank closures to provide a novel estimate of firms’ bank-switching costs and a novel identification of the hold-up problem. We show that when a distressed bank’s closure ...

Estimating Forward Nibor Premiums

Hellum, Erlend; Kårvik, Geir-Are Ø. (Economic Commentaries;5/2012, Others, 2012)

Money market premiums show the difference between unsecured money market rates and expected key rates over the same time horizon. The premium expresses the additional return money market participants require for unsecured ...

Estimating hysteresis effects

Furlanetto, Francesco; Robstad, Ørjan; Ulvedal, Pål; Lepetit, Antoine (Working Paper;13/2020, Working paper, 2020)

In this paper we extend the standard Blanchard-Quah decomposition to enable fluctuations in aggregate demand to have a long-run impact on the productive capacity of the economy through hysteresis effects. These demand ...

Estimating New Keynesian Import Price Models

Bache, Ida Wolden; Naug, Bjørn E. (Working Papers;15/2007, Working paper, 2007)

We estimate a range of New Keynesian import price models for Norway and the UK. Contrary to standard pass-through regression analysis, this approach allows us to make a distinction between the parameters in theoretical ...

Estimating the Natural Rates in a Simple New Keynesian Framework

Bjørnland, Hilde C.; Leitemo, Kai; Maih, Junior (Working Papers;10/2007, Working paper, 2007)

The time-varying natural rate of interest and output and the implied medium term inflation target for the US economy are estimated over the period 1983-2005. The estimation is conducted within the New-Keynesian framework ...

Estimating the Output Gap in Real Time: A Factor Model Approach

Aastveit, Knut Are; Trovik, Tørres G. (Working Papers;23/2008, Working paper, 2008)

An approximate dynamic factor model can substantially improve the reliability of real time output gap estimates. The model extracts a common component from macroeconomic indicators, which reduces errors in the gap due to ...

Estimations of the term premium on Norwegian government bonds

Benum, Aksel; Opheim, Vetle Øye; Wasberg, Erik S. (Government Debt Management Memo;3/2023, Working paper, 2023)

The term premium on government bonds has been estimated to be low in recent years. As a result, the additional cost of long-term borrowing has been relatively low.

Estimering av indikatorer for volatilitet

Rakkestad, Ketil Johan (Arbeidsnotater;3/2002, Working paper, 2002)

Notatet omhandler ulike metoder for estimering av volatilitetsindikatorer for finansielle aktiva. Det gis en presentasjon av de enkleste statistiske volatilitetsindikatorene basert på avkastningsserier for finansielle ...

Estimering av terminpremien på norske statsobligasjoner

Benum, Aksel; Vetle, Ø. Opheim; Erik, S. Wasberg (Statsgjeld Memo;3/2023, Working paper, 2023)

Terminpremien på statsobligasjoner har vært anslått å være lav de siste årene. Det har bidratt til at merkostnaden ved å låne langsiktig har vært relativ liten. Det siste året har terminpremiene økt noe igjen.

Et blikk på det norske kredittmarkedet i perioden 1823-1865 : Tinglyste pantelån i Christiania, Trondhjem, Strinda og Selbu og Nedre Romerike i utvalgte år

Hvidsten, Vetle (Staff Memo;2/2016, Working paper, 2016)

Som en del av Norges Banks 200-årsjubileumsprosjekt har det vært ønskelig å få bedre innsikt i kredittgivningen i Norge i tiden etter etableringen av det organiserte bankvesenet. Spørsmålene som vi har ønsket å besvare i ...