Blar i Norges Banks vitenarkiv på emneord "banking sector"
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Financial Factors and the Macroeconomy - a Policy Model
(Staff Memo;10/2014, Working paper, 2014)This paper documents the theoretical structure of an extension of the Norges Bank policy model NEMO. New features include an explicit treatment of the credit market, including a separate banking sector, a role for housing ... -
Is monetary policy always effective? Incomplete interest rate pass-through in a DSGE model
(Working Paper;22/2019, Working paper, 2019)We estimate a regime-switching DSGE model with a banking sector to explain incomplete and asymmetric interest rate pass-through, especially in the presence of a binding zero lower bound (ZLB) constraint. The model is ...