Browsing Norges Banks vitenarkiv by Author "Nenov, Plamen T."
Now showing items 1-5 of 5
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Dividend Signaling and Bank Payouts in the Great Financial Crisis
Juelsrud, Ragnar E.; Nenov, Plamen T. (Working paper;9/2022, Working paper, 2022)We study the dividend payouts of U.S. banks during the 2008 financial crisis. Using a difference-in-differences methodology, we shows that banks with higher share of short-term liabilities to total liabilities, which were ... -
Estimating the elasticity of intertemporal substitution using dividend tax news shocks
Holm, Martin B.; Jamilov, Rustam; Jasinski, Marek; Nenov, Plamen T. (Working paper;17/2024, Working paper, 2024)This paper studies the spending response to news about a dividend tax reform to estimate the elasticity of intertemporal substitution (EIS). The Norwegian dividend tax reform was proposed in 2003, announced in 2004, and ... -
The housing Phillips curve and momentum in the Norwegian housing market
Kirkeby, Sara Jahr; Nenov, Plamen T. (Staff Memo;10/2023, Working paper, 2023)This paper provides descriptive evidence for a housing Phillips curve in Norway, suggesting a negative relationship between the ratio of inventory-to-sales and subsequent house price growth in the market for existing homes. ... -
Match quality and house price dispersion: evidence from Norwegian housing auctions
Anundsen, André; Lyshol, Arne; Nenov, Plamen T.; Larsen, Erling Røed (Working paper;12/2023, Working paper, 2023)Assessing the quantitative relevance of match quality and search frictions for house price dispersion is key to understanding house price formation and the importance of uninsurable housing wealth shocks. In this paper, ... -
Stock market wealth and entrepreneurship
Chodorow-Reich, Gabriel; Nenov, Plamen T.; Santos, Vitor; Simsek, Alp (Working paper;16/2024, Working paper, 2024)We use data on stock portfolios of Norwegian households to show that stock market wealth increases entrepreneurship by relaxing financial constraints. Our research design isolates idiosyncratic variation in household-level ...