• Narrative monetary policy surprises and the media 

      ter Ellen, Saskia; Larsen, Vegard H.; Thorsrud, Leif Anders (Working Paper;19/2019, Working paper, 2019)
      We propose a method to quantify narratives from textual data in a structured manner, and identify what we label "narrative monetary policy surprises" as the change in economic media coverage that can be explained by central ...
    • Navigating with NEMO 

      Kravik, Erling Motzfeldt; Mimir, Yasin (Staff Memo;5/2019, Working paper, 2019)
      This paper describes NEMO, the main dynamic stochastic general equilibrium model used at Norges Bank for monetary policy analysis and forecasting. NEMO has been used to identify the sources of business cycle fluctuations ...
    • Når staten tar kontroll : Bankkrisen fra 1991 - 1993 

      Gram, Trond (Staff Memo;18/2011, Working paper, 2011)
      På slutten av 1980-tallet inntraff en bankkrise i Norge, den første på 60 år her til lands. Denne oppgaven har til hensikt å undersøke løsningene som ble valgt for den norske bankkrisen fra 1988 til 1993, med vekt på de ...
    • Nåverdien av statens investeringer i og støtte til norske banker 

      Moen, Harald (Arbeidsnotater;6/2003, Working paper, 2003)
      Under bankkrisen på slutten av 1980-tallet og begynnelsen av 1990-tallet bidro Statens Banksikringsfond, Statens Bankinvesteringsfond og Norges Bank med støtte til og investeringer i norske forretnings- og sparebanker. Jeg ...
    • Nedbemanning i norske virksomheter 

      Raavand, Andreas Haga (Aktuell Kommentar;11/2016, Others, 2016)
      Oljeprisfallet har ført til en rekke nedbemanninger i oljenæringen og tilknyttede virksomheter. Denne kommentaren belyser hvordan norske virksomheter nedbemanner og hvilke faktorer som eventuelt bidrar til å dempe nedgangen ...
    • Nedtur i USA – krise eller velkommen avdemping for verdensøkonomien? 

      Wilse, Hans Petter (Aktuell Kommentar;4/2008, Others, 2008)
      Problemer i boligmarkedet i USA utløste kraftig uro i finansmarkedene i 2007, og den økonomiske veksten i USA har avtatt markert de siste kvartalene. Det er frykt for resesjon. USAs økonomiske størrelse innebærer at dette ...
    • Negative Interest Rates : Central Bank Reserves and Liquidity Management 

      Bernhardsen, Tom; Lund, Kathrine (Economic Commentaries;2/2015, Others, 2015)
      In a number of countries, short-term money market rates have now become negative, either because the central bank has set a negative policy rate or because excess central bank reserves are pushing down short-term money ...
    • Negative Nominal Interest Rates and the Bank Lending Channel 

      Eggertsson, Gauti B.; Juelsrud, Ragnar E.; Summers, Lawrence H.; Wold, Ella Getz (Working Paper;4/2019, Working paper, 2019)
      Following the crisis of 2008, several central banks engaged in a new experiment by setting negative policy rates. Using aggregate and bank level data, we document that deposit rates stopped responding to policy rates once ...
    • Negative renter : Sentralbankreserver og likviditetsstyring 

      Bernhardsen, Tom; Lund, Kathrine (Aktuell Kommentar;2/2015, Others, 2015)
      I en rekke land har nå korte pengemarkedsrenter blitt negative, enten fordi sentralbanken har satt negativ styringsrente, eller fordi overskudd av sentralbankreserver presser de korte pengemarkedsrentene ned mot renten på ...
    • NEMO – a New Macro Model for Forecasting and Monetary Policy Analysis 

      Brubakk, Leif; Sveen, Tommy (Journal article, 2009)
      Macroeconomic models are among the tools used to analyse the Norwegian economy and monetary policy. NEMO is a new macroeconomic model that has been developed by Norges Bank. It plays a key role in designing the interest ...
    • NEMO – en ny makromodell for prognoser og pengepolitisk analyse 

      Brubakk, Leif; Sveen, Tommy (Journal article, 2008)
      Makroøkonomiske modeller er ett av flere verktøy som brukes i analyser av norsk økonomi og i pengepolitikken. I denne artikkelen beskriver vi en ny makroøkonomisk modell kalt NEMO som er utviklet i Norges Bank. NEMO har ...
    • Net Lending of Households and Non-Profit Institutions Serving Households: An Analysis of Discrepancies Between Financial and Non-Financial Accounts 

      Røstadsand, Jon Ivar (Journal article, 2004)
      This paper is intended to describe the main concepts of the financial accounts compiled in Norges Bank. The discussion is based on the FINSE system and mainly addresses issues linked to the financial accounts for households ...
    • The neutral real interest rate: An updated view of r* 

      Meyer, Sara S.; Ulvedal, Pål B.; Wasberg, Erik S. (Staff Memo;7/2022, Working paper, 2022)
      The neutral real rate of interest (r*) is a key variable for assessing the tightness of monetary policy. The neutral real interest rate has by all accounts fallen substantially over the past three decades, amid slowing ...
    • New 1000-krone Banknote 

      Ukjent forfatter (Journal article, 2001)
    • New 500-krone banknote 

      Ukjent forfatter (Journal article, 1999)
    • New 500-Krone Banknote 

      Ukjent forfatter (Journal article, 1999)
    • New Perspectives on Capital and Sticky Prices 

      Sveen, Tommy; Weinke, Lutz (Working Papers;3/2004, Working paper, 2004)
      We model capital accumulation in a dynamic New-Keynesian model with staggered price setting à la Calvo. It is assumed that firms do not have access to a rental market for capital. We compare our model with an alternative ...
    • New Perspectives on Depreciation Shocks as a Source of Business Cycle Fluctuations 

      Furlanetto, Francesco; Seneca, Martin (Working Papers;2/2011, Working paper, 2011)
      In this paper we study the transmission for capital depreciation shocks. The existing literature in the Real Business Cycle tradition has concluded that these shocks are irrelevant for business cycle fluctuations. We show ...
    • News media vs. FRED-MD for macroeconomic forecasting 

      Ellingsen, Jon; Larsen, Vegard H.; Thorsrud, Leif Anders (Working Paper;14/2020, Working paper, 2020)
      Using a unique dataset of 22.5 million news articles from the Dow Jones Newswires Archive, we perform an in depth real-time out-of-sample forecasting comparison study with one of the most widely used data sets in the newer ...