International comparisons show that countries with co-ordinated wage setting generally have lower unemployment than countries with less co-ordinated wage setting. This paper argues that the monetary regime may affect whether ...

In most banking models, money is merely modeled as a medium of transactions, but in reality, money is also the most liquid asset for banks. Central banks do not only passively supply money to meet demand for transactions, ...

We evaluate the impact of mortgage regulation on credit volumes, household balance sheets and the reaction to adverse economic shocks. Using a comprehensive dataset of all housing transactions in Norway matched with buyers' ...

I explore the macroeconomic implications of borrowers facing both loan-to-value (LTV) and debt-service-to-income (DTI) limits, using an estimated DSGE model. I identify when each constraint dominated over the period ...

We present new methodology and a case study in use of a class of Bayesian predictive synthesis (BPS) models for multivariate time series forecasting. This extends the foundational BPS framework to the multivariate setting, ...

We propose a method to quantify narratives from textual data in a structured manner, and identify what we label "narrative monetary policy surprises" as the change in economic media coverage that can be explained by central ...

På slutten av 1980-tallet inntraff en bankkrise i Norge, den første på 60 år her til lands. Denne oppgaven har til hensikt å undersøke løsningene som ble valgt for den norske bankkrisen fra 1988 til 1993, med vekt på de ...

Oljeprisfallet har ført til en rekke nedbemanninger i oljenæringen og tilknyttede virksomheter. Denne kommentaren belyser hvordan norske virksomheter nedbemanner og hvilke faktorer som eventuelt bidrar til å dempe nedgangen ...

In a number of countries, short-term money market rates have now become negative, either because the central bank has set a negative policy rate or because excess central bank reserves are pushing down short-term money ...