Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Title

Managing Uncertainty Through Robust-Satisficing Monetary Policy

Akram, Q. Farooq; Ben-Haim, Yakov; Eitrheim, Øyvind (Working Papers;10/2006, Working paper, 2006)

We employ information-gap decision theory to derive a robust monetary policy response to Knightian parameter uncertainty. This approach provides a quantitative answer to the question: For a specified policy, how much can ...

Markeder for norske bankers langsiktige finansiering – betydningen av endringer i markedsforhold og regelverk

Syed, Haseeb (Journal article, 2011)

Norske banker finansierer seg i større grad enn tidligere i markedene. Obligasjonsmarkedene i Norge og utlandet er viktige finansieringskilder for bankene. Sammensetningen av bankenes markedsfinansiering påvirkes av endringer ...

Market Discipline Issues in Cross-Border Banking. A Nordic Perspective

Moe, Thorvald Grung (Staff Memo;1/2006, Working paper, 2006)

Cross-border banking is on the rise. Large, cross-border banks have been established in the Nordic, Baltic and Benelux countries. Banco Santander’s takeover of Abbey National made headline news last year, and this year the ...

Markets for Norwegian Banks’ Long-Term Funding – Implications of Changes in Market Conditions and the Regulatory Framework

Syed, Haseeb (Journal article, 2011)

Norwegian banks rely on market funding to a further extent than they did previously. Bond markets in Norway and abroad are important sources of bank funding. The composition of banks’ wholesale funding is affected by changes ...

Marriner S. Eccles and the 1951 Treasury–Federal Reserve Accord: Lessons for Central Bank Independence

Moe, Thorvald Grung (Working Papers;6/2014, Working paper, 2014)

The 1951 Treasury–Federal Reserve Accord is an important milestone in central bank history. It led to a lasting separation between monetary policy and the Treasury's debtmanagement powers and established an independent ...

Matching Efficiency and Business Cycle Fluctuations

Furlanetto, Francesco; Groshenny, Nicolas (Working Papers;7/2012, Working paper, 2012)

A large decline in the efficiency of the U.S. labor market in matching unemployed workers and vacant jobs has been documented during the Great Recession. We use a simple New Keynesian model with search and matching frictions ...

Mål på kredittrisiko i husholdningene

Solheim, Haakon; Vatne, Bjørn Helge (Aktuell Kommentar;8/2013, Others, 2013)

Misligholdsraten på utlån til husholdningene fra norske banker og kredittforetak falt etter bankkrisen på 1990-tallet og har vært lav siden tusenårsskiftet. Vi argumenterer for at kredittrisiko oppstår i husholdninger som ...

Måling av markedsrisiko i norske finansinstitusjoner

Syversten, Bjørne Dyre H. (Journal article, 2003)

Markedsrisikoen i norske banker og livsforsikringsselskaper belyses ved bruk av to metoder – «Value at Risk» (VaR) og stresstester – og data fra bank- og forsikringsstatistikken. Analysene viser at bankenes markedsrisiko ...

Mean Reversion in Profitability for Non-Listed Firms

Nordal, Kjell Bjørn; Næs, Randi (Working Papers;29/2009, Working paper, 2009)

The presence of mean reversion in profitability at the firm level is important for valuation and prediction of growth and earnings. We investigate the mean reversion in accounting profitability for Norwegian non-listed ...

Measures of Household Credit Risk

Solheim, Haakon; Vatne, Bjørn Helge (Economic Commentaries;8/2013, Others, 2013)

The default rate on loans to households by Norwegian banks and mortgage companies fell after the banking crisis in the 1990s and has been low since the turn of the millennium. We argue that credit risk arises in households ...

Measuring and Predicting Household Housing Wealth

Berge, Tor Oddvar; Boye, Katrine Godding; Jacobsen, Dag Henning; Lindquist, Kjersti-Gro; Skjæveland, Marita (Staff Memo;4/2006, Working paper, 2006)

At Norges Bank, a small model has been developed, which includes estimated equations for the two variables that ultimately determine developments in household housing wealth, namely house prices and housing investment. In ...

Measuring Market Risk in Norwegian Financial Institutions

Syversten, Bjørne Dyre H. (Journal article, 2003)

This article discusses two methods for analysing market risk in the Norwegian banking sector and in life insurance companies. The two methods, Value at Risk (VaR) and stress tests, are commonly used in individual institutions, ...

Measuring Sovereign Contagion in Europe

Caporin, Massimiliano; Pelizzon, Loriana; Ravazzolo, Francesco; Rigobon, Roberto (Working Papers;5/2012, Working paper, 2012)

This paper analyzes the sovereign risk contagion using CDS spreads for the major euro area countries. Using several econometric approaches (non linear regression, quantile regression and Bayesian quantile with heteroskedasticity) ...

Measuring Structural Unemployment: Is There a Rough and Ready Answer?

Holden, Steinar; Nymoen, Ragnar (Working Papers;9/1998, Working paper, 1998)

In recent years, the OECD has measured the structural rate of unemployment by an indicator called the Non-Accelerating Wage Rate of Unemployment. The NAWRU indicator is an important element in the policy analysis of the ...

Measuring Trends and Cycles in Industrial Production in Norway 1896-1948

Klovland, Jan Tore (Working Papers;18/2015, Working paper, 2015)

This paper presents new indices for industrial production in Norway covering the years 1896-1948. Separate annual and monthly indices of gross output and labour productivity are computed for 45 manufacturing and mining ...

Mellom politikk og marked? En studie av Pengepolitisk avdeling i Norges Bank, IMF og spørsmålet om den norske penge- og kredittpolitikken ca. 1965-1980

Berg, Thomas Nordbø (Staff Memo;19/2011, Working paper, 2011)

This master thesis is a study of the Monetary Policy Department in the Bank of Norway (BoN), the International Monetary Fund (IMF), and the question of the Norwegian monetary and credit policy around 1965-1980. The main ...