Norges Banks publikasjonsserier / Norges Bank publication series: Recent submissions
Now showing items 21-40 of 1427
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Effekter av ny standardmetode og nytt gulv for IRB-bankene
(Staff Memo;8/2023, Working paper, 2023)EU planlegger å endre kapitaldekningsreglene for bankene i 2025. Regelverksendringene blir innført i Norge gjennom EØS-avtalen. Våre resultater viser at regelverksendringene kan gi små og mellomstore banker (standardmetodebanker) ... -
A SMARTer way to forecast
(Staff Memo;7/2023, Working paper, 2023)In this paper we describe the newly developed System for Model Analysis in Real Time (SMART) used for forecasting and model analysis in Norges Bank. While the long-term goal is to include all empirical models used in ... -
Hvor mye koster ukoordinert klimapolitikk? : To modeller – to svar
(Staff Memo;6/2023, Working paper, 2023)Scenarioer er det mest brukte verktøyet for å forstå hvordan verden kan gjennomføre en overgang til et lavutslippssamfunn. Network for Greening the Financial System (NGFS) har gjort et utvalg av slike "klimascenarioer" ... -
Hvordan påvirker klimarelaterte forhold norske bedrifter? : Resultater fra tre spørreundersøkelser i Norges Banks regionale nettverk
(Staff Memo;5/2023, Working paper, 2023)Klimaendringer og omstilling til lavutslippssamfunn påvirker norsk og global økonomi på mange ulike måter. For å øke kunnskapen om hvordan disse endringene påvirker norsk økonomi har Norges Bank ved tre anledninger de siste ... -
How do climate-related conditions affect Norwegian enterprises? : Results of three surveys in Norges Bank's Regional Network
(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 ... -
Introduction of central bank digital currency – necessary legislative amendments
(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 impact of financial shocks on the forecast distribution of output and inflation
(Working paper;3/2023, Working paper, 2023)Financial shocks represent a major driver of fluctuations in tail risk, defined as the 5th percentile of the forecast distributions of output and inflation. Since the variance and the asymmetry of the forecast distributions ... -
Did monetary policy kill the Phillips Curve? Some simple arithmetics
(Working paper;2/2023, Working paper, 2023)An apparent disconnect has taken place between inflation and economic activity in the US over the last 25 years, with price inflation remaining remarkably stable in spite of large fluctuations in the output gap and other ... -
Innføring av digitale sentralbankpenger - Nødvendige lovendringer
(Staff Memo;4/2023, Working paper, 2023)Norges Bank har siden 2016 hatt et prosjekt gående om digitale sentralbankpenger (DSP). Prosjektet er nå inne i fjerde fase, og som del av denne fasen skal det gis en oversikt over hvilke nødvendige lovendringer som må ... -
Gjør høy gjeld husholdningenes konsum mer sensitivt for økonomiske sjokk? En oversikt over empirisk litteratur basert på mikrodata
(Staff Memo;3/2023, Working paper, 2023) -
The downs and ups of mark-ups
(Staff Memo;2/2023, Working paper, 2023)Based on sectoral National accounts data and estimates of the implicit rental rate of capital, we calculate price mark-ups for 42 Norwegian industries for the period 1980-2019. The results indicate a broad-based increase ... -
Historical Monetary and Financial Statistics for Norway
(Occasional Papers;57, Book, 2022)Work on historical monetary and financial statistics in Norges Bank started in the 1990s. We were inspired by Bank of England’s work on the collection of data for UK inflation over 300 years, which appeared in connection ... -
A high-frequency financial conditions index for Norway
(Staff Memo;1/2023, Working paper, 2023)We have constructed a financial conditions index for Norway (FCIN). The FCIN offers a daily update on Norwegian financial conditions based on data from January 2003 on bank lending rates, bond spreads, the foreign exchange ... -
Increased growth in broad money after the outbreak of Covid-19
(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 ... -
Downward nominal house price rigidity: Evidence from three centuries of data on housing transactions
(Working paper;1/2023, Working paper, 2023)By analyzing housing data from the period 1850 to 2019 in Norway, we find evidence of downward nominal house price rigidity. More specifically, we document that there is a marked fraction of repeat-sales housing transactions ... -
Optimal capital adequacy ratio for Norwegian banks
(Staff Memo;9/2021, Working paper, 2022)In this paper, we analyse the appropriate capital adequacy ratio for banks from a socio-economic perspective. More equity capital in banks can contribute to financial stability by reducing the risk of costly banking crises, ... -
Monetary policy when export revenues drop
(Working paper;11/2022, Working paper, 2022)We study how monetary policy should respond to shocks which permanently alter the steady state structure of the economy. In such a case monetary policy affects not only the short run misallocations due to nominal rigidities, ... -
Norwegian homeowners’ debt-servicing capacity is adequate
(Staff Memo;8/2022, Working paper, 2022)Debt-servicing capacity is a function of both available cash flow and the size of obligatory expenses. We use household level information to calculate normal expenses that cover food, other general consumption, electricity ... -
The commercial real estate market - no longer a “black box”
(Staff Memo;6/2022, Working paper, 2022)Norwegian banks’ exposure to commercial real estate (CRE) is substantial. Historically, banks in Norway and in other countries have incurred considerable losses on loans to this sector during financial crises. Publicly ... -
Dividend Signaling and Bank Payouts in the Great Financial Crisis
(Working paper;9/2022, Working paper, 2022)We study the dividend payouts of U.S. banks during the 2008 financial crisis. Using a difference-in-differences methodology, we shows that banks with higher share of short-term liabilities to total liabilities, which were ...