Blar i Norges Banks publikasjonsserier / Norges Bank publication series på tittel
Viser treff 231-250 av 1427
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Dissecting the 2007-2009 Real Estate Market Bust: Systematic Pricing Correction or Just a Housing Fad?
(Working Papers;22/2013, Working paper, 2013)We use Bayesian methods to estimate a multi-factor linear asset pricing model characterized by structural instability in factor loadings, idiosyncratic variances, and factor risk premia. We use such a framework to investigate ... -
Distribution of Household Debt Burden Across Age Groups
(Economic Commentaries;2/2011, Others, 2011)Over the past twenty years, the distribution of debt and wealth has changed across age groups. Older households have more debt than previously, while at the same time holding a greater share of total wealth. Even though ... -
Distributional effects of monetary policy in Norway
(Staff Memo;4/2021, Working paper, 2021)We quantify the short-term effects of both non-systematic and systematic monetary policy on the income and wealth distribution in Norway, and measure the relative importance of the various channels. An expansionary monetary ... -
Dividend Signaling and Bank Payouts in the Great Financial Crisis
(Working paper;9/2022, Working paper, 2022)We study the dividend payouts of U.S. banks during the 2008 financial crisis. Using a difference-in-differences methodology, we shows that banks with higher share of short-term liabilities to total liabilities, which were ... -
Do Central Banks Respond Timely to Developments in the Global Economy?
(Working Papers;19/2016, Working paper, 2016)Our analysis suggests; they do not! To arrive at this conclusion we construct a real-time data set of interest rate projections from central banks in three small open economies; New Zealand, Norway, and Sweden, and analyze ... -
Do Central Banks Respond to Exchange Rate Movements? a Markov-Switching Structural Investigation
(Working Papers;24/2013, Working paper, 2013)Do central banks respond to exchange rate movements? According to Lubik and Schorfheide (2007) who estimate structural general equilibrium models with monetary policy rules, the answer is "Yes, some do". However, their ... -
Do Norwegian Payment Systems Satisfy the New BIS Recommendations?
(Journal article, 2001)A long-standing concern of central banks has been the risks in payment systems. One concern has been that the systems are organised so that one participant's financial problems could spread to other participants, and that ... -
Do Re-Election Probabilities Influence Public Investment?
(Working Papers;13/2009, Working paper, 2009)We identify exogenous variation in incumbent policymakers’ re-election probabilities and explore empirically how this variation affects the incumbents’ investment in physical capital. Our results indicate that a higher ... -
Documentation of NEMO - Norges Bank’s Core Model for Monetary Policy Analysis and Forecasting
(Staff Memo;8/2017, Working paper, 2017)This paper explains the basic mechanisms of Norges Bank’s core model for monetary policy analysis and forecasting (NEMO). NEMO has recently been extended with an oil sector to incorporate important channels of shocks to ... -
Documentation of the Method Used by Norges Bank for Estimating Implied Forward Interest Rates
(Staff Memo;11/2005, Working paper, 2005)Forward interest rates are an important indicator for monetary policy. They are commonly used, both by central banks and market participants, to gain information about market expectations of future interest rates. Forward ... -
Does Forecast Combination Improve Norges Bank Inflation Forecasts?
(Working Papers;1/2009, Working paper, 2009)We develop a system that provides model-based forecasts for inflation in Norway. Forecasts are recursively evaluated from 1999 to 2008. The performance of the models over this period is then used to derive weights that are ... -
Does High Debt Growth in Upturns Lead to a More Pronounced Fall in Consumption in Downturns?
(Economic Commentaries;8/2016, Others, 2016)The strong accumulation of debt in the period preceding the financial crisis has resulted in a renewed focus on the relationship between debt and household demand in an economic downturn. Studies based on disaggregated ... -
Does Information Sharing Reduce the Role of Collateral as a Screening Device?
(Working Papers;19/2012, Working paper, 2012)Information sharing and collateral reduce adverse selection costs, but are costly for lenders. When a bank learns more about the types of its rival's borrowers through information sharing (e.g., credit bureaus), it might ... -
Does Monetary Policy React to Asset Prices? Some International Evidence
(Working Papers;7/2008, Working paper, 2008)This paper attempts to measure the reaction of monetary policy to the stock market. We apply the procedure of Rigobon and Sack (2003) to identify and estimate a VAR in the presence of heteroskedasticity. This procedure ... -
Does Publication of Interest Rate Paths Provide Guidance?
(Working Paper;16/2019, Working paper, 2019)Does the central bank practice of publishing interest rate projections (IRPs) improve how market participants map new information into future interest rates? Using high-frequent data on Forward Rate Agreements (FRAs) we ... -
Does SOFR-linked debt cost borrowers more than LIBOR-linked debt?
(Working paper;7/2023, Working paper, 2023)We investigate if the benchmark transition from London Interbank Offered Rate (Libor) to Secured Overnight Financing Rate (SOFR) affects the costs of borrowing floating rate debt. The primary market for dollar-denominated ... -
Does the Law of One Price Hold in International Financial Markets? Evidence from Tick Data
(Working Papers;19/2008, Working paper, 2008)This paper investigates the validity of the law of one price (LOP) in international financial markets by examining the frequency, size and duration of inter-market price differentials for borrowing and lending services ... -
Doktriner og økonomisk styring : et tilbakeblikk
(Norges Bank Skriftserie;36, Book, 2004) -
Dokumentasjon av enkelte beregninger til årstalen 2010
(Staff Memo;1/2010, Working paper, 2010) -
Dokumentasjon av enkelte beregninger til årstalen 2012
(Staff Memo;5/2012, Working paper, 2012)