• Interest Rate Projections in Theory and Practice 

      Bergo, Jarle (Journal article, 2007)
    • “Interest Rate Trap”, or: Why Does the Central Bank Keep the Policy Rate Too Low for Too Long Time? 

      Cao, Jin; Illing, Gerhard (Working Papers;12/2011, Working paper, 2011)
      This paper provides a framework for modeling the risk-taking channel of monetary policy, the mechanism how financial intermediaries’ incentives for liquidity transformation are affected by the central bank’s reaction to ...
    • Internasjonale erfaringer med inflasjonsmål - New Zealand, Storbritannia og Sverige 

      Morka, Kjersti Haare (Journal article, 1999)
      Et eksplisitt inflasjonsmål innebærer at de pengepolitiske virkemidlene innrettes mot å holde inflasjonen lav og stabil innenfor et spesifisert mål. Denne artikkelen presenterer erfaringer fra tre av landene som siden 1990 ...
    • Internasjonale finanskriser - kan og bør det finnes en internasjonal "lender of last resort"? 

      Sandal, Knut; Svor, Anders (Journal article, 2001)
      De senere år har vært preget av en rekke internasjonale finanskriser. Et hovedproblem har vært kapitalflukt, slik at landene har fått akutt behov for valutalån. Artikkelen drøfter om det kan og bør være et internasjonalt ...
    • Internasjonale prisimpulser til importerte konsumvarer 

      Røstøen, Johan Øverseth (Journal article, 2004)
      Lav konsumprisvekst i Norge de siste årene kan for en stor del forklares av lave priser på importerte konsumvarer. Hvordan kan vi måle effekten av den utenlandske prisutviklingen på konsumprisen i Norge? Tradisjonelle ...
    • Intradag likviditet og oppgjør av store betalinger: En simuleringsbasert analyse 

      Enge, Asbjørn; Øverli, Frode (Journal article, 2005)
      Interbanksystemer har stor betydning for økonomien og det finansielle systemet. Ved å foreta simuleringer på reelle data fra Norges Banks oppgjørssystem illustrerer artikkelen avveininger mellom betalingsforsinkelser og ...
    • Intraday Liquidity and the Settlement of Large-Value Payments: A Simulation-Based Analysis 

      Enge, Asbjørn; Øverli, Frode (Journal article, 2006)
      Interbank systems are of great importance to the economy and the financial system. Using simulations based on real data from Norges Bank’s settlement system, this article illustrates trade-offs between delayed payments and ...
    • Introduction of central bank digital currency – necessary legislative amendments 

      Syrstad, Helge (Staff Memo;4/2023, Working paper, 2023)
      orges Bank has been running a central bank digital currency project since 2016. The project is now in its fourth phase, and as part of this phase an overview will be provided of required legislative amendments linked to ...
    • The Investment Channel of Monetary Policy : Evidence from Norway 

      Cao, Jin; Hegna, Torje; Holm, Martin B.; Juelsrud, Ragnar; König, Tobias; Riiser, Mikkel (Working paper;5/2023, Working paper, 2023)
      We investigate the transmission of monetary policy to investment using Norwegian administrative data. We have two main findings. First, financially constrained firms are more responsive to monetary policy, but the effect ...
    • Investment Shocks and Macroeconomic Co-Movement 

      Furlanetto, Francesco; Natvik, Gisle James; Seneca, Martin (Working Papers;14/2011, Working paper, 2011)
      Recent studies find that shocks to the marginal efficiency of investment are a main driver of business cycles. Yet, they struggle to explain why consumption co-moves with real variables such as investment and output, which ...
    • Investment-Specific Technology Shocks and Consumption 

      Furlanetto, Francesco; Seneca, Martin (Working Papers;30/2010, Working paper, 2010)
      Current business cycle models systematically underestimate the correlation between consumption and investment. One reason for this failure is that a positive investment-specific technology shock generally induces a negative ...
    • Is Lumpy Investment Really Irrelevant for the Business Cycle? 

      Sveen, Tommy; Weinke, Lutz (Working Papers;6/2005, Working paper, 2005)
      Smoothness in aggregate capital accumulation is a necessary condition for New-Keynesian (NK) models to imply a quantitatively relevant monetary transmission mechanism (see, e.g., Woodford 2005). Can that aggregate smoothness ...
    • Is monetary policy always effective? Incomplete interest rate pass-through in a DSGE model 

      Binning, Andrew; Bjørnland, Hilde C.; Maih, Junior (Working Paper;22/2019, Working paper, 2019)
      We estimate a regime-switching DSGE model with a banking sector to explain incomplete and asymmetric interest rate pass-through, especially in the presence of a binding zero lower bound (ZLB) constraint. The model is ...
    • Is the Financial System Stable? 

      Gjedrem, Svein (Journal article, 2001)
    • Is the Market Microstructure of Stock Markets Important? 

      Næs, Randi; Skjeltorp, Johannes A. (Journal article, 2006)
      The market microstructure literature studies how the actual transaction process – i.e. how buyers and sellers find one another and agree on a price – can affect price formation and trading volumes in a market. This article ...
    • Is the Price Level in Norway Determined by Fiscal Policy? 

      Alstadheim, Ragna (Working Papers;5/2005, Working paper, 2005)
      The Norwegian public sector has net financial assets. The fiscal theory of price determination applies equally to Norway and economies with net public debt: If primary surpluses evolve independently of nominal debt (or ...
    • Issuance of Corporate Bonds in the Norwegian Market 

      Haugen, Charlotte Høeg (Economic Commentaries;2/2013, Others, 2013)
      At end-2012, the total amount of non-financial corporate bonds outstanding in the Norwegian market came to NOK 270 billion. This accounted for nearly a fifth of the total volume of bonds outstanding. In 2012, non-financial ...
    • Jarle Bergo : en profesjonell pengepolitiker går fra borde 

      Isachsen, Arne Jon (Journal article, 2008)
      Jarle Bergo har tjenestegjort i nærmere 40 år i Norges Bank når han nå trer tilbake fra stillingen som visesentralbanksjef. I intervjuet ser han tilbake på den lite vellykkede etterspørselsreguleringen på 1970- og 1980-tallet. ...
    • Jarle Bergo: A Professional Monetary Policymaker Steps Down 

      Isachsen, Arne Jon (Journal article, 2008)
    • Joint Prediction Bands for Macroeconomic Risk Management 

      Akram, Q. Farooq; Binning, Andrew; Maih, Junior (Working Papers;7/2016, Working paper, 2016)
      In this paper we address the issue of assessing and communicating the joint probabilities implied by density forecasts from multivariate time series models. We focus our attention in three areas. First, we investigate a ...