Browsing Norges Banks vitenarkiv by Subject "JEL: D12"
Now showing items 1-8 of 8
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Costs in the Norwegian Payment System
(Staff Memo;4/2009, Working paper, 2009)We calculate social and private cost for the use and production of payment services in Norway for 2007. The calculations include banks’, merchants’ and households’ cost for cash, cards and giro payments. The social cost ... -
Costs in the Norwegian Payment System : Questionnaires
(Staff Memo;5/2009, Working paper, 2009) -
Mental Accounting in the Housing Market
(Working Papers;20/2010, Working paper, 2010)We report evidence that salience may have economically significant effects on homeowners' borrowing behavior, through a bias in favour of less salient but more costly loans. We outline a simple model in which some consumers ... -
Payment Habits at Point of Sale. Different Methods of Calculating Use of Cards and Cash in Norway
(Staff Memo;6/2008, Working paper, 2008)We use different empirical methods for estimating the use of cash in Norway. One method gives an estimate of the “maximum” value of cash use at point of sale. A second estimates the minimum use of cash in the society ... -
Salience of Debt and Homebuyers’ Credit Decisions
(Working Papers;21/2015, Working paper, 2015)We show how a regulatory disclosure of hidden debt can eliminate a large mispricing in housing. In a setting where homebuyers must combine several sources of debt, they are biased towards hidden loans, especially if they ... -
Testing for Micro Efficiency in the Housing Market
(Working Papers;6/2016, Working paper, 2016)While aggregate house price indices display time persistence, less is known about micro persistence. This article proposes that absence of micro persistence implies that an excessively high or low sell price in one transaction ... -
The Hidden Costs of Hidden Debt
(Working Papers;22/2011, Working paper, 2011)We report evidence that salience may have economically significant effects on homeowners’ borrowing behavior, through a bias in favour of less salient but more costly loans. Survey evidence corroborates the existence of ... -
The Impact of House Prices on Household Debt When Controlling for Home Ownership
(Working Papers;8/2011, Working paper, 2011)We analyze the effect of house price changes on debt secured on dwellings in Norway. To this end, we use both macro time series and micro panel data. With the intention of being both a cross-check and motivation for the ...