Penger og Kreditt / Economic Bulletin: Nye registreringer
Viser treff 201-220 av 473
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Monetary Policy and the Trade-Off Between Inflation and Output Variability
(Journal article, 2005)This article explores the consequences of various approaches to the conduct of monetary policy. A small, calibrated model of the Norwegian economy is used, which highlights the short-run trade-off between stabilising ... -
Is the Market Microstructure of Stock Markets Important?
(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 ... -
Economic Perspectives
(Journal article, 2006) -
Economic Perspectives
(Journal article, 2005) -
Review of the ECB's Strategy and Alternative Approaches
(Journal article, 2006) -
Projections, Uncertainty and Choice of Interest Rate Assumption in Monetary Policy
(Journal article, 2006)Norges Banks’ views on future interest rate developments have often attracted considerable attention. For a long period, our analyses were based on the assumption that the interest rate would move in line with market ... -
Productivity Growth in Norway 1948–2008
(Journal article, 2009)Up to the 1970s labour productivity in Norway was generally high. Relatively low levels of productivity after the war and the import of technology from abroad were probably important factors. From the mid-1970s until the ... -
An Analysis of Financial Ratios for the Oslo Stock Exchange
(Journal article, 2007)Share prices are driven by companies’ operations, funding and the risk premium required by investors. This article examines financial ratios that may reflect these three variables for the Oslo Stock Exchange in the period ... -
Housing Investment and House Prices
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Evaluation of Norges Bank’s Projections for 2007
(Journal article, 2008)The economic upswing since the summer of 2003 has been stronger and lasted longer than projected by Norges Bank. Growth in the mainland economy in 2007 was the highest since the early 1970s and strong in the light of the ... -
Modelling Credit Risk in the Enterprise Sector – Further Development of the SEBRA Model
(Journal article, 2007)Since 2001, Norges Bank has used an empirical model, the SEBRA model2, to estimate bankruptcy probabilities for Norwegian limited companies. The model is also used to estimate banks’ expected losses on loans to enterprises ... -
Evaluation of Norges Bank’s Projections for 2006
(Journal article, 2007)Growth in the mainland economy in 2006 was appreciably higher than projected by Norges Bank and it is likely that the output gap was also more positive than projected. At the same time, consumer price inflation adjusted ... -
The Central Bank’s Liquidity Policy in an Oil Economy
(Journal article, 2007)Norges Bank’s instrument for achieving the objective of low and stable inflation is the key policy rate – the rate of interest on banks’ deposits in Norges Bank. But how do Norges Bank’s interest rate decisions affect ... -
Price-Setting Behaviour of Norwegian Firms – Results of a Survey
(Journal article, 2008)In 2007, Norges Bank conducted a survey of price-setting behaviour among a random sample of Norwegian firms. The background to the survey is that modern monetary policy theory makes a number of assumptions about how the ... -
Macroeconomic Shocks – Effects on Employment and Labour Supply
(Journal article, 2009)The labour supply in Norway was record-high in 2008. As the labour supply has grown, it has been responsive to changes in demand for labour. The analysis shows that labour supply is most elastic among those under 25 and ... -
Monetary Policy Frameworks – Norges Bank in the Light of the Literature and International Practice
(Journal article, 2007)The past 20 years have brought major changes in monetary policy, in Norway and abroad. Most central banks now have instrument independence, and price stability is the common objective of monetary policy. The organisation ... -
On Commodity Derivatives and the Norwegian Initiatives to Create a Fish Derivatives Market
(Journal article, 2008)Hedging against future price movements can be important both for those producing goods and for those buying them. Commodity derivatives may be employed as a hedge against price risk, and this is one of the reasons behind ... -
Developments in the Credit Market – New Types of Loans and the Volume of Fixed-Rate Loans in Norway
(Journal article, 2007)This article describes developments in various types of loans from financial institutions1 and the volume of loans with a fixed-rate period, i.e. fixed-rate loans. In recent years, the credit market has evolved rapidly. ... -
Norges Bank’s Regional Network: Fresh and Useful Information
(Journal article, 2009)In order to obtain early signals about developments in the Norwegian economy, Norges Bank has established a regional network of around 1 500 enterprises and other organisations around the country. The information derived ... -
NEMO – a New Macro Model for Forecasting and Monetary Policy Analysis
(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 ...