Norges Banks publikasjonsserier / Norges Bank publication series: Recent submissions
Now showing items 41-60 of 1491
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Nye mikrodata for misligholdte lån gir bedre anslag for bankenes utlånstap
(Staff Memo;10/2024, Working paper, 2024)Lån til ikke-finansielle foretak er den største kilden til tap i bankene. For å vurdere kredittrisikoen, har Norges Bank i lang tid benyttet modeller for foretakenes konkurssannsynligheter. Bankenes utlånstap er imidlertid ... -
Employment trends in Norway
(Staff Memo;1/2024, Working paper, 2024)This paper outlines the recently developed method for assessing the trend Level in employment rates adopted by Norges Bank. The approach employs a Bayesian VAR to decompose disaggregated employment data into trend and ... -
Strukturell likviditet: Hva har drevet utviklingen historisk og hva kan skje fremover?
(Staff Memo;2/2024, Working paper, 2024) -
Grunnbalansen - en justert driftsbalanse
(Staff Memo;6/2024, Working paper, 2024) -
Klimarisiko og kronekursen
(Staff Memo;4/2024, Working paper, 2024)Denne studien drøfter om den norske kronen kan styrke eller svekke seg som følge av klimarisiko i form av fysisk risiko og overgangsrisiko. Valutakurser reflekterer relative priser mellom ulike lands penger, varer og ... -
Energiomstilling av bolig kan bli en netto kostnad for gjennomsnittshusholdningen
(Staff Memo;7/2024, Working paper, 2024)Energiforbruk i bolig utgjør over 30 prosent av årlig norsk bruk av elektrisitet. Regjeringen har lagt fram mål om at energiforbruket i boligsektoren skal ned. Tiltak som kan øke energieffektiviteten i boligsektoren er ... -
Match quality and house price dispersion: evidence from Norwegian housing auctions
(Working paper;12/2023, Working paper, 2023)Assessing the quantitative relevance of match quality and search frictions for house price dispersion is key to understanding house price formation and the importance of uninsurable housing wealth shocks. In this paper, ... -
The housing channel of intergenerational wealth persistence
(Working paper;16/2023, Working paper, 2023)We use Norwegian tax data and a life-cycle model with housing to study how wealth transmits across generations through the housing market. After controlling for a rich set of attributes, households with richer parents are ... -
Spousal spillovers in the labor market: a structural assessment
(Working paper;14/2023, Working paper, 2023)We explore the importance and nature of elderly couples’ labor market interlinkages, and how such linkages shape the response to welfare reforms. To this end, we build a life cycle model with dual-earner households, featuring ... -
Has globalization changed the international transmission of U.S. monetary policy?
(Working paper;15/2023, Working paper, 2023)We estimate a time-varying parameter vector autoregression to examine the evolution of international spillovers of U.S. monetary policy in light of increasing globalization in real and financial markets. We find that the ... -
Housing bubble scars
(Working paper;13/2023, Working paper, 2023)We study scar formation and persistence after a house price bubble has burst using data on 3,089 US counties and county equivalents over the period 1980q1–2019q4. We date house price booms and busts for each county, and ... -
Unpacking the forward guidance puzzle
(Working paper;11/2023, Working paper, 2023)I prove that in any linearized general equilibrium model with existence and uniqueness of equilibrium, any present response to a future shock always becomes weaker the further away the shock is. There is no forward guidance ... -
Central bank digital currency – implications for liquidity management and monetary policy
(Staff Memo;19/2023, Working paper, 2023)The paper discusses potential effects of a central bank digital currency (CBDC) on liquidity and monetary policy. -
Norwegian banks’ net interest income and macroeconomic developments over the past 30 years
(Staff Memo;17/2023, Working paper, 2023)Banks’ profitability is their first line of defence against losses, and net interest income is banks’ main source of revenue. Since the policy rate hikes began in 2021, net interest income has increased substantially ... -
Does high debt make households more vulnerable? : A survey of empirical literature using microdata
(Staff Memo;3/2023, Working paper, 2023) -
Does structural liquidity have a greater impact on the Nibor premium than earlier?
(Staff Memo;14/2023, Working paper, 2023)In recent years, the liquidity premium between the Norwegian krone (NOK) and the US dollar (USD) in the FX swap market, the so-called OIS basis, has accounted for a larger share of the Nibor premium than earlier. This has ... -
The turbulence in the Norwegian money market in autumn 2022
(Staff Memo;15/2023, Working paper, 2023)Record-high payments of petroleum tax in October 2022, and the accompanying fall in structural liquidity, resulted in a marked rise in the shortest-term Norwegian money market rates. In this staff memo we describe how ... -
CRE firms' refinancing and cash flows at a time of high inflation
(Staff Memo;11/2023, Working paper, 2023)Norwegian banks have substantial exposures to commercial real estate (CRE), and developments in the industry are important for financial stability. Higher financing costs, falling CRE prices and a large amount of bond debt ... -
Houshold financial saving since the global financial crises
(Staff Memo;18/2023, Working paper, 2023)Net lending varies considerably over time and contributed to lower household saving prior to both the banking crisis and Global Financial Crisis (GFC), but to higher household saving during the pandemic. Net lending is ... -
Digitale sentralbankpenger - konsekvenser for likviditetsstyringen og pengepolitikken
(Staff Memo;19/2023, Working paper, 2023)Notatet drøfter mulige effekter av digitale sentralbankpenger (DSP) på likviditets- og pengepolitikken.