• Minnemynter til 100-årsjubileet for Nobels fredspris 

      Ukjent forfatter (Journal article, 2001)
    • Misallocation and the Recovery of Manufacturing TFP After a Financial Crisis 

      Chen, Kaiji; Irarrazabal, Alfonso (Working Papers;1/2013, Working paper, 2013)
      The Chilean economy experienced a decade of sustained growth in aggregate out-put and productivity after the 1982 financial crisis. This paper analyzes the effects of resource misallocation on total factor productivity ...
    • Misforståtte sentralbankreserver 

      Bernhardsen, Tom; Kloster, Arne (Aktuell Kommentar;1/2012, Others, 2012)
      I det siste har medier i Norge og andre land rapportert om at bankene i euroområdet har økt sine innskudd i ECB kraftig. Det er riktig. Høye innskudd i ECB blir forklart med at bankene ikke vil låne ut til hverandre eller ...
    • Mismatch Shocks and Unemployment During the Great Recession 

      Furlanetto, Francesco; Groshenny, Nicolas (Working Papers;16/2013, Working paper, 2013)
      We investigate the macroeconomic consequences of fluctuations in the effectiveness of the labor-market matching process with a focus on the Great Recession. We conduct our analysis in the context of an estimated medium-scale ...
    • Misunderstood Central Bank Reserves 

      Bernhardsen, Tom; Kloster, Arne (Economic Commentaries;1/2012, Others, 2012)
      Recently, the media in Norway and other countries have reported that euro area banks have sharply increased their deposits with the ECB. That is correct. Some commentators attribute the high level of deposits with the ECB ...
    • Mixed Frequency Structural Models: Estimation, and Policy Analysis 

      Foroni, Claudia; Marcellino, Massimiliano (Working Papers;15/2013, Working paper, 2013)
      In this paper we show analytically, with simulation experiments and with actual data that a mismatch between the time scale of a DSGE model and that of the time series data used for its estimation generally creates ...
    • Mixed Frequency Structural VARs 

      Foroni, Claudia; Marcellino, Massimiliano (Working Papers;1/2014, Working paper, 2014)
      A mismatch between the time scale of a structural VAR (SVAR) model and that of the time series data used for its estimation can have serious consequences for identification, estimation and interpretation of the impulse ...
    • Model Estimates of the Output Gap 

      Hagelund, Kåre; Hansen, Frank; Robstad, Ørjan (Staff Memo;4/2018, Working paper, 2018)
      This paper documents a set of models used by Norges Bank in estimating the output gap. The models take into account developments in key cyclical indicators such as GDP, unemployment, inflation, wage growth, investment, ...
    • Model for Analysing Credit Risk in the Enterprise Sector 

      Eklund, Trond; Larsen, Kai; Bernhardsen, Eivind (Journal article, 2001)
      When banks’ overall risk is evaluated, their credit risk exposure to the enterprise sector is a key element. In analyses of banks’ credit risk in the enterprise sector, both a macroeconomic and a business economics approach ...
    • Model Selection for Monetary Policy Analysis – Importance of Empirical Validity 

      Akram, Q. Farooq; Nymoen, Ragnar (Working Papers;13/2006, Working paper, 2006)
      We investigate the importance of employing a valid model for monetary policy analysis. Specifically, we investigate the economic significance of differences in specification and empirical validity of models. We consider ...
    • Model Specification and Inflation Forecast Uncertainty 

      Bårdsen, Gunnar; Jansen, Eilev S.; Nymoen, Ragnar (Working Papers;6/2000, Working paper, 2000)
      Three classes of inflation models are discussed: Standard Phillips curves, New Keynesian Phillips curves and Incomplete Competition models. Their relative merits in explaining and forecasting inflation are investigated ...
    • Modell for analyse av kredittrisiko i foretakssektoren 

      Eklund, Trond; Larsen, Kai; Bernhardsen, Eivind (Journal article, 2001)
      Sentralt i vurderingen av bankenes samlede risiko er deres kredittrisiko overfor foretakssektoren. I analyser av bankenes kredittrisiko overfor foretakssektoren legges generelt både en makroøkonomisk og en bedriftsøkonomisk ...
    • Modellberegninger av produksjonsgapet 

      Hagelund, Kåre; Hansen, Frank; Robstad, Ørjan (Staff Memo;4/2018, Working paper, 2018)
      I denne artikkelen dokumenteres et sett av modeller som Norges Bank benytter i vurderingen av produksjonsgapet. Modellene tar hensyn til utviklingen i sentrale konjunkturindikatorer som BNP, arbeidsledighet, inflasjon, ...
    • Modellering av kredittrisiko i foretakssektoren - Videreutvikling av SEBRA-modellen 

      Bernhardsen, Eivind; Larsen, Kai (Journal article, 2007)
      Norges Bank har siden 2001 brukt en empirisk modell, SEBRA-modellen, til å anslå sannsynligheter for konkurs i norske aksjeselskap. Modellen brukes også til å anslå bankenes forventede utlånstap til foretak og ulike næringer. ...
    • Modelling Credit Risk in the Enterprise Sector – Further Development of the SEBRA Model 

      Bernhardsen, Eivind; Larsen, Kai (Journal article, 2007)
      Since 2001, Norges Bank has used an empirical model, the SEBRA model2, to estimate bankruptcy probabilities for Norwegian limited companies. The model is also used to estimate banks’ expected losses on loans to enterprises ...
    • Modelling Inflation in the Euro Area 

      Jansen, Eilev S. (Working Papers;10/2004, Working paper, 2004)
      The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the ...
    • Modelling Occasionally Binding Constraints Using Regime-Switching 

      Binning, Andrew; Maih, Junior (Working Papers;23/2017, Working paper, 2017)
      Occasionally binding constraints are part of the economic landscape: for instance recent experience with the global financial crisis has highlighted the gravity of the lower bound constraint on interest rates; mortgagors ...
    • Modernisering og utkontraktering av Norges Banks oppgjørssystem 

      Solheim, Jon A.; Strømme, Helge (Journal article, 2003)
      Norges Bank har med utkontraktering av systemet for oppgjør mellom bankene tatt et ytterligere skritt i retning av konsentrasjon om sine kjerneoppgaver. Utkontrakteringen forventes å redusere de samlede kostnadene for ...
    • Monetary and Macroprudential Policy with Multi-Period Loans 

      Brzoza-Brzezina, Michał; Gelain, Paolo; Kolasa, Marcin (Working Papers;16/2014, Working paper, 2014)
      We study the implications of multi-period loans for monetary and macroprudential policy, considering several realistic modifications - variable vs. fixed loan rates, non-negativity constraint on newly granted loans, and ...