Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Title
Now showing items 791-810 of 1427
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Negative Nominal Interest Rates and the Bank Lending Channel
(Working Paper;4/2019, Working paper, 2019)Following the crisis of 2008, several central banks engaged in a new experiment by setting negative policy rates. Using aggregate and bank level data, we document that deposit rates stopped responding to policy rates once ... -
Negative renter : Sentralbankreserver og likviditetsstyring
(Aktuell Kommentar;2/2015, Others, 2015)I en rekke land har nå korte pengemarkedsrenter blitt negative, enten fordi sentralbanken har satt negativ styringsrente, eller fordi overskudd av sentralbankreserver presser de korte pengemarkedsrentene ned mot renten på ... -
NEMO – a New Macro Model for Forecasting and Monetary Policy Analysis
(Journal article, 2009)Macroeconomic models are among the tools used to analyse the Norwegian economy and monetary policy. NEMO is a new macroeconomic model that has been developed by Norges Bank. It plays a key role in designing the interest ... -
NEMO – en ny makromodell for prognoser og pengepolitisk analyse
(Journal article, 2008)Makroøkonomiske modeller er ett av flere verktøy som brukes i analyser av norsk økonomi og i pengepolitikken. I denne artikkelen beskriver vi en ny makroøkonomisk modell kalt NEMO som er utviklet i Norges Bank. NEMO har ... -
Net Lending of Households and Non-Profit Institutions Serving Households: An Analysis of Discrepancies Between Financial and Non-Financial Accounts
(Journal article, 2004)This paper is intended to describe the main concepts of the financial accounts compiled in Norges Bank. The discussion is based on the FINSE system and mainly addresses issues linked to the financial accounts for households ... -
The neutral real interest rate: An updated view of r*
(Staff Memo;7/2022, Working paper, 2022)The neutral real rate of interest (r*) is a key variable for assessing the tightness of monetary policy. The neutral real interest rate has by all accounts fallen substantially over the past three decades, amid slowing ... -
New 1000-krone Banknote
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New 500-krone banknote
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New 500-Krone Banknote
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New Commemorative Coins in Connection with the Centennial Celebration 1905 - 2005
(Journal article, 2004) -
New Perspectives on Capital and Sticky Prices
(Working Papers;3/2004, Working paper, 2004)We model capital accumulation in a dynamic New-Keynesian model with staggered price setting à la Calvo. It is assumed that firms do not have access to a rental market for capital. We compare our model with an alternative ... -
New Perspectives on Depreciation Shocks as a Source of Business Cycle Fluctuations
(Working Papers;2/2011, Working paper, 2011)In this paper we study the transmission for capital depreciation shocks. The existing literature in the Real Business Cycle tradition has concluded that these shocks are irrelevant for business cycle fluctuations. We show ... -
News media vs. FRED-MD for macroeconomic forecasting
(Working Paper;14/2020, Working paper, 2020)Using a unique dataset of 22.5 million news articles from the Dow Jones Newswires Archive, we perform an in depth real-time out-of-sample forecasting comparison study with one of the most widely used data sets in the newer ... -
News-Driven Inflation Expectations and Information Rigidities
(Working Paper;5/2019, Working paper, 2019)We investigate the role played by the media in the expectations formation process of households. Using a novel news-topic-based approach we show that news types the media choose to report on, e.g., fiscal policy, health, ... -
NIBOR - a Norwegian Interest Rate?
(Economic Commentaries;9/2014, Others, 2014)Norges Bank has in various contexts pointed out that today’s NIBOR construction has clear weaknesses. The reasons for this view are presented in a letter to Finanstilsynet (Financial Supervisory Authority of Norway) of 26 ... -
NIBOR - en norsk rente?
(Aktuell Kommentar;9/2014, Others, 2014)Norges Bank har i flere sammenhenger pekt på at dagens NIBOR-konstruksjon har klare svakheter. Begrunnelsen for dette synet er presentert i brev til Finanstilsynet 26. mai 2014, Norges Bank Memo 2/2014 («Svakheter ved ... -
Nibor, Libor and Euribor – all IBORs, but different
(Staff Memo;2/2019, Working paper, 2019)This memo takes a closer look at what lays behind different benchmark interest rates. Particular emphasis is put on how the different practices for quotation can explain why Nibor’s risk premium has on average been higher ... -
Non-Linear Dynamics in Output, Real Exchange Rates and Real Money Balances: Norway, 1830-2003
(Working Papers;2/2005, Working paper, 2005)We characterise the behaviour of Norwegian output, the real exchange rate and real money balances over a period of almost two centuries. The empirical analysis is based on a new annual data set that has recently been ... -
Non-standard errors
(Working paper;13/2021, Working paper, 2021)In statistics, samples are drawn from a population in a datagenerating process (DGP). Standard errors measure the uncertainty in sample estimates of population parameters. In science, evidence is generated to test hypotheses ... -
Nonlinear transmission of financial shocks: Some new evidence
(Working paper;3/2022, Working paper, 2022)Financial shocks generate a protracted and quantitatively important effect on real economic activity and financial markets only if the shocks are both negative and large. Otherwise, their role is quite modest. Financial ...