Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Subject "VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212"
Now showing items 21-40 of 1156
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Aggregate density forecast of models using disaggregate data - A copula approach
(Working paper;5/2022, Working paper, 2022)We propose a novel copula approach to producing density forecasts of economic aggregates combining models using disaggregate data. Our copula approach is more flexible compared to existing techniques, because it is applicable ... -
Agreeing on Disagreement: Heterogeneity or Uncertainty?
(Working Papers;4/2016, Working paper, 2016)Disagreement is used as a measure of both investor heterogeneity and uncertainty. We study whether disagreement captures heterogeneity or uncertainty for the foreign exchange market. We do so by relating disagreement to ... -
Aksjemarkedets mikrostruktur – betyr det noe?
(Journal article, 2006)Mikrostrukturmodeller skiller seg fra tradisjonelle finansmodeller ved å åpne for at lovlig informasjon om underliggende selskapsverdier kan være ulikt fordelt og analysert mellom markedsaktørene. Litteraturen på fagområdet ... -
An Analysis of Banks' Problem Loans
(Journal article, 2007)In this analysis, we look at the macroeconomic factors which function as driving forces behind developments in banks’ problem loans. Problem loans include non-performing loans and other particularly doubtful loans. Since ... -
An Analysis of Financial Ratios for the Oslo Stock Exchange
(Journal article, 2007)Share prices are driven by companies’ operations, funding and the risk premium required by investors. This article examines financial ratios that may reflect these three variables for the Oslo Stock Exchange in the period ... -
An Equilibrium Model of Credit Rating Agencies
(Working Papers;23/2012, Working paper, 2012)We develop a model of credit rating agencies (CRAs) based on reputation concerns. Ratings affect investors' choice and, thereby, also issuers' access to funding and default risk. We show that - in equilibrium - the ... -
An historical perspective on financial stability and monetary policy regimes : A case for caution in central banks current obsession with financial stability
(Working papers;5/2018, Working paper, 2018)The global financial crisis (GFC) of 2007-2008 led to a call for central banks to elevate their financial stability mandate to the same level as their price stability mandate. It also led to a call for central banks to use ... -
Analyse av auksjoner i statskasseveksler i perioden fra oktober 2000 til utgangen av 2004
(Journal article, 2005)I gjennomsnitt var statens lånerente 11 rentepunkter under sammenlignbar rente i pengemarkedet i perioden fra oktober 2000 og ut 2004, og bare i fire av sytti tilfeller var den høyere enn pengemarkedsrenten. Estimering av ... -
Analyser av effekter av boliglånsforskriften
(Aktuell Kommentar;1/2018, Others, 2018)Denne aktuelle kommentaren analyserer effekter av boliglånsforskriften som kom i 2017. Analysene er foreløpige fordi ligningstall for 2017 ennå ikke foreligger. Krav til utlån med pant i bolig ble forskriftsfestet i 2015 ... -
Analyses of Effects of the Residential Mortgage Loan Regulation
(Economic Commentaries;1/2018, Others, 2018)This article analyses the effects of the regulation on residential mortgage loans issued in 2017. The analyses are preliminary as tax data for 2017 are not yet available. Residential mortgage loan requirements were laid ... -
An anatomy of monopsony : Search frictions, amenities and bargaining in concentrated markets
(Working paper;10/2023, Working paper, 2023)We contribute a theory in which three channels interact to determine the degree of monopsony power and therefore the markdown of a worker’s spot wage relative to her marginal product: (1) heterogeneity in worker-firm-specific ... -
Announcements of Interest Rate Forecasts: Do Policymakers Stick to Them?
(Working Papers;11/2013, Working paper, 2013)If central banks value the ex-post accuracy of their forecasts, previously announced interest rate paths might affect the current policy rate. We explore whether this "forecast adherence" has influenced the monetary policies ... -
Anslag på bankenes tap på utlån til ikke-finansielle foretak
(Staff Memo;10/2020, Working paper, 2020)Lån til ikke-finansielle foretak er den største kilden til tap i bankene. Analyser av bankenes utlånstap til foretak er derfor viktig i vurderingen av finansiell stabilitet. I dette memoet presenterer vi Norges Banks ... -
Applying Flexible Parameter Restrictions in Markov-Switching Vector Autoregression Models
(Working Papers;17/2015, Working paper, 2015)We present a new method for imposing parameter restrictions in Markov-Switching Vector Autoregression (MS-VAR) models. Our method is more flexible than competing methodologies and easily handles a range of parameter ... -
Arbeidsinnvandring og lønn
(Aktuell Kommentar;5/2013, Others, 2013)Siden EU-utvidelsen i 2004 har Norge opplevd en sterk tilstrømning av utenlandsk arbeidskraft. I denne kommentaren diskuteres det hvilken betydning dette kan ha for lønnsutviklingen. Bruken av utenlandsk arbeidskraft har ... -
Arbitrage in the Foreign Exchange Market: Turning on the Microscope
(Working Papers;12/2005, Working paper, 2005)This paper provides real-time evidence on the frequency, size and duration of arbitrage opportunities and deviations from the law of one price (LOP) in the foreign exchange market. We investigate deviations from the covered ... -
Are Bank Lending Shocks Important for Economic Fluctuations?
(Working Papers;27/2009, Working paper, 2009)We analyze the importance of bank lending shocks on real activity in Norway and the UK, using structural VARs and based on quarterly data for the past 21 years. The VARs are identified using a combination of sign and ... -
Are Household Debt-To-Income Ratios Too High?
(Economic Commentaries;4/2009, Others, 2009)Household debt growth has been high over the past 8‐9 years and it has been far higher than growth in disposable income. As a result, the household interest burden has risen sharply and is now at a historically high level ... -
Are Real Wages Rigid Downwards?
(Working Papers;1/2007, Working paper, 2007)This paper explores the existence of downward real wage rigidity (DRWR) in 19 OECD countries, over the period 1973–1999, using data for hourly nominal earnings at industry level. Based on a nonparametric statistical method, ... -
Are Unexpected Loan Losses Lower for Small Enterprises Than for Large Enterprises?
(Journal article, 2005)Unexpected loan losses have been lower for loans to small- and medium-sized enterprises (SMEs) than for those to large enterprises in about ⅔ of the period reviewed in this article. In the remaining period, including two ...