Browsing Arbeidsnotater / Working Papers by Title
Now showing items 471-478 of 478
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When Preferences for a Stable Interest Rate Become Self-Defeating
(Working Papers;8/2016, Working paper, 2016)Monetary policy makers often seem to have preferences for a stable interest rate, in addition to stable inflation and output. In this paper we investigate the implications of having an interest rate level term in the loss ... -
Where do they care? : The ECB in the media and inflation expectations
(Working paper;4/2023, Working paper, 2023)This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, ... -
Where It All Began: Lending of Last Resort and the Bank of England During the Overend-Gurney Panic of 1866
(Working Papers;3/2011, Working paper, 2011)The National Monetary Commission was deeply concerned with importing best practice. One important focus was the connection between the money market and international trade. It was said that Britain’s lead in the market for ... -
Who Was in the Driving Seat in Europe During the Nineties, International Financial Markets or the BUBA?
(Working Papers;20/2004, Working paper, 2004)The purpose of this paper is to reexamine empirically the relationship between long-term interest rates in well integrated financial markets. The analysis focuses on long-term interest rates in the US and Germany and has ... -
Why Do Banking Crises Occur? the American Subprime Crisis Compared with the Norwegian Banking Crisis 1987-92
(Working Papers;3/2012, Working paper, 2012)This paper analyses the causes of banking crises by the way of a historical comparative case study. Moreover, the analysis draws on theories elaborated by the economist Hyman Minsky. The evidence presented suggests that ... -
Why Do Firms Pay for Liquidity Provision in Limit Order Markets?
(Working Papers;12/2010, Working paper, 2010)In recent years, a number of electronic limit order markets have reintroduced market makers for some securities (Designated Market Makers). This trend has mainly been initiated by financial intermediaries and listed firms ... -
Why Do People Give Less Weight to Advice the Further It Is from Their Initial Opinion?
(Working Papers;4/2010, Working paper, 2010)Experimental studies on decision making based on advice received from others find that the weight put on the advice is negatively related to the distance between the advice and the decisionmaker's initial opinion. In this ... -
Words Are the New Numbers: A Newsy Coincident Index of Business Cycles
(Working Papers;21/2016, Working paper, 2016)I construct a daily business cycle index based on quarterly GDP and textual information contained in a daily business newspaper. The newspaper data are decomposed into time series representing newspaper topics using a ...