Blar i Norges Banks publikasjonsserier / Norges Bank publication series på tittel
Viser treff 191-210 av 1427
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CPI-FW : A Frequency Weighted Indicator of Underlying Inflation
(Economic Commentaries;7/2009, Others, 2009)The monthly change in the CPI varies considerably, and the change from one month to the next often provides little indication about the future direction of inflation. In order to be able to form a picture of how much of ... -
CPIM : A Model-Based Indicator of Underlying Inflation
(Economic Commentaries;6/2010, Others, 2010)The CPIM is a new indicator of underlying inflation (see the October 2010 Monetary Policy Report). This indicator is based on the predictive power of the sub-indices of the CPI and thus differs somewhat from other indicators ... -
CPIXE and Projections for Energy Prices
(Staff Memo;7/2008, Working paper, 2008)This paper describes the new indicator of underlying inflation used at Norges Bank, the consumer price index adjusted for tax changes and excluding temporary changes in energy prices (CPIXE). In particular, we discuss the ... -
CPIXE, a New Indicator of Underlying Inflation
(Economic Commentaries;3/2008, Others, 2008)The operational target of monetary policy is annual consumer price inflation of approximately 2.5 per cent over time. In general, the direct effects on consumer prices resulting from changes in interest rates, taxes, excise ... -
Credit, Asset Prices and Monetary Policy
(Staff Memo;13/2010, Working paper, 2010)Based on the established literature, we develop a structural model for the Norwegian economy that incorporates feed-backs from asset prices and credit to the real economy. We then use this framework for policy analysis, ... -
Credit, House Prices, and Risk Taking by Banks in Norway
(Staff Memo;13/2011, Working paper, 2011)Motivated by alternative explanations of the financial crisis (e.g., Acharya and Richardson, 2010; Taylor, 2007), I study, first, repercussions between house price growth and household credit growth in Norway, and second, ... -
Criteria for “good” justifications
(Working papers;6/2018, Working paper, 2018)Many institutions in a democratic society wield important power by virtue of the decisions they make. These decisions may concern individuals or have a more general impact on society. It goes without saying today that this ... -
Critical Realism and Econometrics
(Working Papers;4/2003, Working paper, 2003)In "Economics and Reality" (1997) Tony Lawson advocates a perspective on social reality labelled critical realism. Critical realism maintains that strict regularities between observable events are the exception rather than ... -
Cross-Boarder Diversification in Bank Asset Portfolios
(Working Papers;11/2004, Working paper, 2004)Taking the mean-variance portfolio model as a benchmark, we compute the optimally diversified portfolio for banks located in France, Germany, the U.K., and the U.S. under different assumptions about currency hedging. We ... -
CSAs – Regulating Counterparty Risk Through the Use of Collateral Payments
(Journal article, 2011)Counterparty risk associated with trading in financial instruments can be substantial. This applies especially to certain types of derivatives trades with long-dated contracts. The most common way to mitigate this risk for ... -
Currency Hedging in Norwegian Non-Financial Firms
(Journal article, 2005)Fluctuations in global foreign exchange markets in recent years have again shown that many Norwegian enterprises are sensitive to changes in exchange rates, in both a positive and negative sense. The question naturally ... -
Cyclical Capital Regulation and Dynamic Bank Behaviour
(Staff Memo;22/2016, Working paper, 2016)In this paper we develop a dynamic model of bank behaviour to study cyclical capital regulation. We study the decision problem of a single bank that chooses its dividend policy and holds a portfolio of long-term loans ... -
Da Norge forlot gullet : Norges Bank og kurspolitikken 1931–1933
(Staff Memo;9/2012, Working paper, 2012)Denne masteroppgaven analyserer norsk kurspolitikk fra gullstandardens sammenbrudd og frem til kronens de facto stabilisering mot pundet i 1933. Oppgaven undersøker hvordan ulike argumenter og interesser kom til uttrykk ... -
Dealer Behavior and Trading Systems in Foreign Exchange Markets
(Working Papers;10/2003, Working paper, 2003)We study dealer behavior in the foreign exchange spot market using a detailed data set on the complete transactions of four dealers. There is strong support for an information effect in incoming trades. Although there is ... -
Debt and Household Consumption Responses
(Staff Memo;1/2016, Working paper, 2016)Norwegian households’ levels of housing wealth have since the banking crisis of the 90s become an ever more dominant part of households’ portfolios. Low interest rates and easy access to mortgages have contributed to both ... -
Debt-Servicing Capacity of Norwegian Listed Non-Financial Companies
(Economic Commentaries;3/2016, Others, 2016)The debt-servicing capacity of Norwegian non-financial companies listed on Oslo Børs has declined somewhat and is currently lower than the average for the past 14 years. Recently, the oil service sector in particular has ... -
The decline of the labor share: new empirical evidence
(Working Paper;18/2019, Working paper, 2019)We estimate a structural vector autoregressive model in order to quantify four main explanations for the decline of the US labor income share: (i) rising market power of firms, (ii) falling market power of workers, (iii) ... -
Decomposing Debt Growth
(Economic Commentaries;12/2012, Others, 2012)High debt growth can increase the risk of instability in the financial system. In monitoring financial stability it is therefore important to closely monitor debt accumulation. Norges Bank uses Statistics Norway’s credit ... -
Decomposition of the Increase in Household Debt
(Economic Commentaries;6/2017, Others, 2017)Average debt among Norwegian households has increased substantially over time. A decomposition analysis shows that debt growth to a great extent reflects higher incomes and higher house values. For homeowners, debt growth ... -
Deflasjon?
(Journal article, 2003)Faren for deflasjon har fått fornyet aktualitet internasjonalt i det siste. Artikkelen drøfter hvordan deflasjon oppstår, og hvilke politikkalternativer som da foreligger. Risikoen for global deflasjon synes nokså begrenset.