Browsing Norges Banks vitenarkiv by Author "Kockerols, Thore"

Now showing items 1-4 of 4

    • Forbearance Patterns in the Post-Crisis Period 

      Bergant, Katharina; Kockerols, Thore (Working Paper;11/2018, Working paper, 2018)
      Using supervisory loan-level data on corporate loans, we show that banks facing high levels of non-performing loans relative to their capital and provisions were more likely to grant forbearance measures to the riskiest ...

    • Leaning against persistent financial cycles with occasional crises 

      Kockerols, Thore; Kravik, Erling Motzfeldt; Mimir, Yasin (Working Paper;11/2021, Working paper, 2021)
      Should central banks use leaning against the wind (LAW)-type monetary or macroprudential policy to address risks to financial stability? We first assess LAW as a one-off (nonsystematic) policy using an estimated large-scale ...

    • “Leaning Against the Wind”, Macroprudential Policy and the Financial Cycle 

      Kockerols, Thore; Kok, Christoffer (Working Paper;1/2019, Working paper, 2019)
      Should monetary policy lean against financial stability risks? This has been a subject of fierce debate over the last decades. We contribute to the debate about “leaning against the wind” (LAW) along three lines. First, ...

    • A macroprudential contagion stress test framework 

      Bjørland, Christian; Kockerols, Thore (Staff Memo;4/2020, Working paper, 2020)
      We develop a macroprudential contagion stress test framework to examine how a network of Norwegian banks can amplify a shock to bank capital at the macro level. The framework looks at how fire sales of common asset holdings ...