Blar i Norges Banks publikasjonsserier / Norges Bank publication series på tittel

Viser treff 492-511 av 1427

    • House Prices in Norway 1819–1989 

      Eitrheim, Øyvind; Erlandsen, Solveig K. (Working Papers;21/2004, Working paper, 2004)
      Annual house price indices for four Norwegian cities are presented for the period from 1819 to 1989. The indices are constructed on the basis of nominal housing transaction prices compiled from the real property registers ...

    • House Prices, Credit and the Effect of Monetary Policy in Norway: Evidence from Structural VAR Models 

      Robstad, Ørjan (Working Papers;5/2014, Working paper, 2014)
      This paper investigates the responses of house prices and household credit to monetary policy shocks in Norway, using Bayesian structural VAR models. I find that the effect of a monetary policy shock on house prices is ...

    • House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy 

      Gelain, Paolo; Lansing, Kevin J.; Mendicino, Caterina (Working Papers;8/2012, Working paper, 2012)
      Progress on the question of whether policymakers should respond directly to financial variables requires a realistic economic model that captures the links between asset prices, credit expansion, and real economic activity. ...

    • House Prices, Equity Prices, Investment and Credit - What Do They Tell Us About Banking Crises? a Historical Analysis Based on Norwegian Data 

      Riiser, Magdalena D. (Journal article, 2005)
      In recent years, many countries have experienced a sharp rise in house prices and household credit. Many have expressed concern that this development is not sustainable over time and that it may lead to financial imbalances. ...

    • House Prices, Expectations, and Time-Varying Fundamentals 

      Gelain, Paolo; Lansing, Kevin J. (Working Papers;5/2013, Working paper, 2013)
      We investigate the behavior of the equilibrium price-rent ratio for housing in a simple Lucas-type asset pricing model. We allow for time-varying risk aversion (via external habit formation) and time-varying persistence ...

    • Household Debt and Links to the Housing Market - Consequences for Financial Stability 

      Lindquist, Kjersti-Gro; Solheim, Haakon; Vatne, Bjørn Helge (Economic Commentaries;7/2017, Others, 2017)
      Household debt in Norway has risen faster than income for a long period. The debt level is high both historically and compared with other countries and is considered to be the most important source of vulnerability in the ...

    • Household Leverage and Labor Market Outcomes : Evidence from a Macroprudential Mortgage Restriction 

      Kabaş, Gazi; Roszbach, Kasper (Working paper;14/2021, Working paper, 2021)
      Does household leverage matter for worker job search, matching in the labor market, and wages? Theoretically, household leverage can have opposing effects on the labor market through debt-overhang and liquidity constraint ...

    • Household Net Lending – What the Micro Data Indicate 

      Riiser, Magdalena D. (Journal article, 2009)
      While existing statistics are based on macro data, this article uses micro data to analyse household financial wealth and debt dating back to 1987. These data show that households in the 35–44 age group were behind the ...

    • Housing and Debt 

      Vatne, Bjørn Helge (Economic Commentaries;9/2009, Others, 2009)
      Residential mortgage loans account for more than half of banks’ total lending. It is therefore important to understand the risk factors related to housing debt when analysing financial stability. Two factors are of particular ...

    • Housing Investment and House Prices 

      Jacobsen, Dag Henning; Solberg-Johansen, Kristin; Haugland, Kjersti (Journal article, 2007)

    • The housing Phillips curve and momentum in the Norwegian housing market 

      Kirkeby, Sara Jahr; Nenov, Plamen T. (Staff Memo;10/2023, Working paper, 2023)
      This paper provides descriptive evidence for a housing Phillips curve in Norway, suggesting a negative relationship between the ratio of inventory-to-sales and subsequent house price growth in the market for existing homes. ...

    • How Accurate Are Credit Risk Models in Their Predictions Concerning Norwegian Enterprises? 

      Syversten, Bjørne Dyre H. (Journal article, 2004)
      Historically, banks’ solvency problems are often due to losses on loans to enterprises. Credit risk associated with loans to enterprises is therefore an important aspect when Norges Bank assesses financial stability. Two ...

    • How broadband internet affects labor market matching 

      Bhuller, Manudeep; Kostøl, Andreas R.; Vigtel, Trond C. (Working Paper;1/2020, Working paper, 2020)
      How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi-experimental variation in internet use. This paper helps fill this gap using plausibly exogenous roll-out of ...

    • How Do Banks’ Funding Costs Affect Interest Margins? 

      Raknerud, Arvid; Vatne, Bjørn Helge; Rakkestad, Ketil Johan (Working Papers;9/2011, Working paper, 2011)
      We use a dynamic factor model and a detailed panel data set with quarterly accounts data on all Norwegian banks to study the effects of banks’ funding costs on their retail rates. Banks’ funds are categorized into two ...

    • How do climate-related conditions affect Norwegian enterprises? : Results of three surveys in Norges Bank's Regional Network 

      Brekke, Henriette; Erlandsen, Solveig K.; Meyer, Sara Skjeggestad (Staff Memo;5/2023, Working paper, 2023)
      Climate change and the transition to a low-carbon economy affect the Norwegian and global economy in many ways. To gain greater insight into how these changes affect the Norwegian economy, Norges Bank has asked a selection ...

    • How Do Households Finance Real Estate Purchases? 

      Solheim, Haakon; Vatne, Bjørn Helge (Economic Commentaries;2/2018, Others, 2018)
      Norwegian households' high debt levels have long been cited as a financial stability risk (see e.g. Norges Bank's Financial Stability Report). Household borrowing is closely associated with the financing of home purchases, ...

    • How does IFRS 9 affect banks’ impairment recognition in bad times? 

      Andersen, Henrik; Hjelseth, Ida Nervik (Staff Memo;9/2019, Working paper, 2019)
      IFRS 9 has changed the way banks recognise credit losses. Under IFRS 9, credit impairment shall be based on more forward-looking assessments by including recognition of expected credit losses. The purpose of this memo is ...

    • How does monetary policy affect household indebtedness? 

      Fagereng, Andreas; Gulbrandsen, Magnus A. H.; Holm, Martin B.; Natvik, Gisle J. (Working Paper;5/2021, Working paper, 2021)
      Households’ debt-to-income ratios change due to (a) primary deficits or (b) "Fisher effects" from interest costs, income growth, and inflation. With Norwegian micro data, we estimate how monetary policy affects household ...

    • How Does Monetary Policy Respond to Exchange Rate Movements? New International Evidence 

      Bjørnland, Hilde C.; Halvorsen, Jørn Inge (Working Papers;15/2008, Working paper, 2008)
      This paper analyzes how monetary policy responds to exchange rate movements in open economies, paying particular attention to the two-way interaction between monetary policy and exchange rate movements. We address this ...

    • How Is Market Turbulence Affecting Norwegian Banking Groups' Funding Costs? 

      Molland, Jermund; Erard, Monique E. Erlandsen (Economic Commentaries;7/2012, Others, 2012)
      Recent years' turbulence in financial markets has led to changes in funding conditions for Norwegian banking groups. Through 2008, risk premiums on banking groups' bond funding rose sharply. After falling back and stabilising ...