Blar i Norges Banks publikasjonsserier / Norges Bank publication series på tittel
Viser treff 1311-1330 av 1427
-
The Risk Components of Liquidity
(Working Papers;3/2008, Working paper, 2008)Does liquidity risk differ depending on our choice of liquidity proxy? Unlike literature that considers common liquidity variation, we focus on identifying different components of liquidity, statistically and economically, ... -
The Risk-Taking Channel of Monetary Policy in Norway
(Working Papers;5/2016, Working paper, 2016)We identify the effects of monetary policy on credit risk-taking using a unique dataset covering the population of corporate borrowers in Norway. We find that a lower benchmark interest rate (interbank rates or overnight ... -
The Role of Assessments and Judgement in the Macroeconomic Model RIMINI
(Journal article, 2001)The Inflation Report’s projections for economic developments are important for Norges Bank’s conduct of monetary policy. The macroeconomic model RIMINI is used as a tool in developing these projections. This article provides ... -
The Role of House Prices in the Monetary Policy Transmission Mechanism in Small Open Economies
(Working Papers;6/2009, Working paper, 2009)We analyse the role of house prices in the monetary policy transmission mechanism in Norway, Sweden and the UK using structural VARs. A solution is proposed to the endogeneity problem of identifying hocks to interest rates ... -
The Role of House Prices in the Monetary Policy Transmission Mechanism in the U.S.
(Working Papers;24/2008, Working paper, 2008)We analyze the role of house prices in the monetary policy transmission mechanism in the U.S. using structural VARs. The VAR is identified using a combination of short-run and long-run (neutrality) restrictions, allowing ... -
The Role of Oil Prices and Monetary Policy in the Norwegian Economy Since the 1980s
(Working Papers;1/2016, Working paper, 2016)We use a TVP-VAR model to investigate possible changes in the time series properties of key Norwegian macroeconomic variables since the 1980s. The sample period is characterised by deregulation, globalization, sizable ... -
The Significance of Uncertainty in Monetary Policy
(Journal article, 2000)Observations seem to indicate that central banks adjust their key rates gradually. Uncertainty regarding economic relationships and measurement errors in the data may point to a need for key rates to be adjusted gradually. ... -
The Taylor Principle in a Medium-Scale Macroeconomic Model
(Working Papers;9/2010, Working paper, 2010)The Taylor Principle is often used to explain macroeconomic stability (see, e.g., Clarida et al. 2000). The reason is that this simple principle guarantees determinacy, i.e., local uniqueness of rational expectations ... -
The Use of Reference Rates and Their Impact on the Currency Market
(Economic Commentaries;8/2014, Others, 2014)Millions of trades are executed in the currency market daily. Exchange rates move continuously during the day and can fluctuate considerably within a very short time span. In many contexts, there is a need for a daily ... -
The World Is Not Enough! Small Open Economies and Regional Dependence
(Working Papers;16/2011, Working paper, 2011)This paper bridges the new open economy factor augmented VAR (FAVAR) studies with the recent findings in the business cycle synchronization literature emphasizing the importance of regional factors. That is, we estimate ... -
The Zero Lower Bound on the Interest Rate and a Neo-Classical Phillips Curve
(Working Papers;13/2010, Working paper, 2010)With sticky prices, optimizing agents and money in the utility function, I derive the exact analytical solution for optimal monetary policy given a zero lower bound (ZLB) on the interest rate. The Phillips curve is ... -
Third-Order Approximation of Dynamic Models Without the Use of Tensors
(Working Papers;13/2013, Working paper, 2013)I outline a new method for finding third-order accurate solutions to dynamic general equilibrium models. I extend the Gomme & Klein (2011) solution for second-order approximations without using tensors, to a third-order. ... -
”til Christiania for at søge Forlindring i de store Tyngsler” : Bondetogene på Østlandet og bøndenes motstand mot skattepolitikken i 1818
(Staff Memo;3/2012, Working paper, 2012)Gjennom hele 1818 viste bønder på Østlandet sin motstand mot skattleggingen og finanspolitikken, både ved å skrive søknader og ved å gå i direkte konfrontasjon mot myndighetene gjennom organiseringen og utførelsen av ... -
Tilbakeblikk på 20 år med ny sentralbanklov
(Journal article, 2005)Sentralbankloven av 1985 hadde som utgangspunkt en pengepolitikk preget av direkte reguleringer og politisk fastsettelse av renten. Etter at Norges Bank senere ble overlatt å bruke renten i forsvaret av kronekursen, var ... -
Tilbakeblikk på innføringen av priser i norsk betalingsformidling
(Journal article, 2006)Direkte priser på betalingstjenester er relativt uvanlig i internasjonal sammenheng. I løpet av 1980-tallet ble slik prising innført i norske banker etter at det lenge hadde vært et tema for debatt. Artikkelen redegjør for ... -
Tilbakeblikk på norsk pengehistorie - Konferanse 7. juni 2005 på Bogstad gård
(Norges Banks Skriftserie;37, Book, 2005) -
Tilfredsstiller norske betalingssystemer de nye BIS-anbefalingene?
(Journal article, 2001)Sentralbanker har lenge vært opptatt av risikoen i betalingssystemene. Man har fryktet at systemene er organisert slik at finansielle problemer hos en deltakene bank kan overføres gjennom systemene til andre deltakere, og ... -
Top Incomes, Rising Inequality, and Welfare
(Working Papers;10/2012, Working paper, 2012)This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of U.S. households since 1980. ... -
Trade conflicts and credit supply spillovers : Evidence from the Nobel Peace Prize trade shock
(Working paper;6/2023, Working paper, 2023)In this paper, we examine how a trade conflict’s impact on the real economy can be amplified by financial intermediaries. After China’s implicit ban on the imports of Norwegian salmon in response to the decision on 2010 ... -
Trade-Offs in Monetary Policy
(Journal article, 2004)Flexible inflation targeting implies that the central bank must in the short term strike a balance between price stability and stability in the real economy. With some types of disturbance, for example a demand shock, there ...