Structural liquidity refers to the level of reserves in the banking system prior to market operations by Norges Bank to supply or drain reserves from the banking system. Only the central bank can create reserves. However, ...

Norges Bank uttaler seg om strukturendringer i hovedsak når disse vurderes som viktige for finansiell stabilitet, som ved en mulig etablering av finanskonsernet DnB NOR ASA. Norges Banks rolle og arbeid med strukturendringer ...

We question whether supply flexibility in oil production depends on the type of extraction technology. In particular, we ask if shale oil producers respond to price incentives when producing oil or completing new wells. ...

From a broad financial stability perspective, sustainable household debt should be evaluated within a steady-state consumption-path approach. We calculate measures for households’ steady-state consumption based on average ...

Dynamic equilibrium models are specified to track time series with unit root-like behavior. Thus, unit roots are typically introduced and the optimality conditions adjusted. This step requires tedious algebra and often ...

There is an emerging consensus that systemically important banks should face stricter regulations and systemic surcharges. To make this latter principle operational we need to quantify the systemic importance of individual ...

Ved uro i verdipapirmarkedet er det spesielt viktig at man har gode systemer for å gjøre opp handler. den europeiske sentralbanken har etablert prosjektet TARGET2-Securities (T2S), som skal gjøre det enklere og billigere ...

Canova et al. (2010 and 2012) estimate the dynamic response of labor market variables to technological shocks. They show that investment-speci c shocks imply almost exclusively an adjustment along the intensive margin ...

Klimarisiko kan ha betydning for finansiell stabilitet. For Norge kan en stor oljesektor innebære en særegen risiko knyttet til svakere framtidig oljeetterspørsel. Usikkerhet om framtidig klimaregulering og teknologiutvikling ...

Administrative register data for Norwegian households are used to analyse the distribution of debt and assets by income, wealth and age group. We find that the cross-sectional distribution is skewed. The distribution of ...