• Implicit Intraday Interest Rate in the UK Unsecured Overnight Money Market 

      Jurgilas, Marius; Žikeš, Filip (Working Papers;9/2013, Working paper, 2013)
      This paper estimates the intraday value of money implicit in the UK unsecured overnight money market. Using transactions data on overnight loans advanced through the UK large value payments system CHAPS in 2003-2009, we ...
    • Improving and Evaluating Short Term Forecasts at the Norges Bank 

      Bjørnland, Hilde C.; Jore, Anne Sofie; Smith, Christie; Thorsrud, Leif Anders (Staff Memo;4/2008, Working paper, 2008)
      In 2006 the Norges Bank initiated a project to improve its short term forecasts. The current phase of the project is tasked with developing a system that provides model-based forecasts for gross domestic product and consumer ...
    • Increased Cash Holdings – Reduced Use of Cash: A Paradox? 

      Gresvik, Olaf; Kaloudis, Aris (Journal article, 2001)
      Outstanding cash holdings in Norway have increased in real terms since 1980 and now amount to about NOK 10 000 per person. We can only ascribe between 37 and 47 per cent of cash holdings to legal, registered, quantifiable ...
    • Increased Gas Exports, but What About Prices? 

      Winje, Pål; Naug, Bjørn E.; Stavseng, Astrid (Economic Commentaries;4/2011, Others, 2011)
      Gas exports account for a rising share of Norwegian petroleum revenues. International gas spot prices have traditionally tracked oil prices with a lag. After the financial crisis, international gas prices remained low ...
    • Increased growth in broad money after the outbreak of Covid-19 

      Alstadheim, Ragna (Staff Memo;10/2022, Working paper, 2022)
      Growth in deposits and broad money aggregates surged in Norway after the outbreak of the Covid-19 pandemic. Usually, we think of deposit (or money) growth as going hand in hand with bank lending growth, since only banks ...
    • Independence Within Government. A Comparative Perspective on Central Banking in Norway 1945-1970 

      Venneslan, Christian; Trøite, Ragnar; Kleivset, Christoffer; Klunde, Bastian Engelsen (Working Papers;20/2011, Working paper, 2011)
      This article surveys the degree of central bank independence in Norway between 1945 and 1970. By comparing the developments in Norway with those of Sweden and the United Kingdom, it is shown that the Norwegian central bank ...
    • Indicators for Underlying Inflation in Norway 

      Jonassen, Morten; Nordbø, Einar W. (Journal article, 2006)
      A central bank that is to steer inflation ahead in time seeks to exclude temporary price variations when setting policy rates. At a given point in time, it is not that easy to determine which price changes are permanent ...
    • Indikatorar for underliggjande inflasjon i Noreg 

      Husabø, Eilert (Staff Memo;13/2017, Working paper, 2017)
      Noregs Bank driv fleksibel inflasjonsstyring. Pengepolitikken forsøker då ikkje nødvendigvis å styre dagens inflasjon mot inflasjonsmålet, men å innrette pengepolitikken slik at prognosane for framtidig inflasjon går mot ...
    • Indikatorer for underliggende inflasjon i Norge 

      Jonassen, Morten; Nordbø, Einar W. (Journal article, 2006)
      En sentralbank som skal styre prisutviklingen fremover i tid, vil ønske å se bort fra midlertidige forstyrrelser i prisene når den fastsetter renten. På et gitt tidspunkt er det imidlertid ikke så lett å avgjøre hvilke ...
    • Inference in small cointegrated systems: some Monte Carlo results 

      Eitrheim, Øyvind (Working Papers;9/1991, Working paper, 1991)
      The Johansen procedure for testing and estimating cointegration models is analysed from a practitioner's perspective. We adress the robustness of the cointegration tests in small samples and with respect to particular types ...
    • Inferring Interbank Loans and Interest Rates from Interbank Payments - an Evaluation 

      Akram, Q. Farooq; Christophersen, Casper (Working Papers;26/2013, Working paper, 2013)
      We investigate whether overnight interbank loans and interest rates can be reliably inferred at the market and bank level from central banks' interbank payments data. We identify overnight loans and interest rates among ...
    • Inflasjon og akkomodasjon : Norsk valutakurspolitikk fra 1971 til 1986 

      Kleivset, Christoffer (Staff Memo;21/2011, Working paper, 2011)
      En stabil valutakurs har normalt vært et prioritert mål for norske myndigheter. Dette har blitt forsøkt oppnådd på ulike måter, gjennom tilknytning til et edelt metall eller til en eller flere andre valutaer. Hensikten med ...
    • Inflasjon og inflasjonsdynamikk i G7-landene 

      Stæhr, Karsten (Journal article, 1999)
      Artikkelen drøfter hvilke faktorer som påvirker inflasjonsutviklingen i G7-landene. For hvert land estimeres en forventningsjustert Phillips-kurve. Resultatene viser at landenes inflasjonsprosesser er meget forskjellige. ...
    • Inflasjonsstyring - et dokumentasjonsnotat om enkelte metodeendringer som har funnet sted i Norges Bank i perioden 2001–2013 

      Berg, Thomas Nordbø; Kleivset, Christoffer (Staff Memo;5/2014, Working paper, 2014)
      Fra 2001 og frem til i dag har Norges Bank kontinuerlig utviklet og justert metodebruken i inflasjonsstyringen. I dette notatet dokumenteres de viktigste av disse endringene. Innenfor Norges Banks 2016-prosjekt blir det ...
    • Inflasjonsstyring - litt om teori og mest om praksis 

      Gjedrem, Svein (Journal article, 2004)
      Sentralbanksjefen gjennomgår den historiske utviklingen i den økonomiske politikken generelt, og pengepolitikken spesielt, fram mot innføringen av inflasjonsmålet i mars 2001. Utviklingen har gått fra direkte reguleringer ...
    • Inflation expectations and the pass-through of oil prices 

      Aastveit, Knut Are; Bjørnland, Hilde C.; Cross, Jamie L. (Working Paper;5/2020, Working paper, 2020)
      Do inflation expectations and the associated pass-through of oil price shocks depend on demand and supply conditions underlying the global market for crude oil? We answer this question with a novel structural vector ...
    • Inflation Inertia and the Optimal Hybrid Inflation/Price-Level Target 

      Røisland, Øistein (Working Papers;4/2005, Working paper, 2005)
      A hybrid inflation/price-level target combines elements of both inflation and price-level targets. The paper derives a hybrid target within a new Keynesian model with inflation persistence due to price indexation. The ...
    • The Inflation Rate Disconnect Puzzle: On the International Component of Trend Inflation and the Flattening of the Phillips Curve 

      Ascari, Guido; Fosso, Luca (Working paper;17/2021, Working paper, 2021)
      Since 2000 U.S. inflation has remained both below target and silent to domestic slack and monetary interventions. A trend-cycle BVAR decomposition explores the role of imported intermediate goods in explaining the puzzling ...
    • Inflation Targeting Rules: History-Dependent or Forwarding-Looking? 

      Leitemo, Kai (Working Papers;10/2002, Working paper, 2002)
      This paper discusses the optimal use of inflation forecasts in an inflation targeting setting with reaction and implementation lags. It distinguishes between the optimality of history-dependence versus forward-lookingness ...
    • Inflation Targeting – Some Theory with Main Focus on Practice 

      Gjedrem, Svein (Journal article, 2004)
      Norway has had an inflation target for monetary policy since March 2001. This article explains why and how an inflation targeting regime was introduced.