Blar i Arbeidsnotater / Working Papers på tittel
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Failure Prediction of Norwegian Banks: A Logit Approach
(Working Papers;2/2008, Working paper, 2008)Norges Bank has since 1989 been using a risk index for banks. The purpose of this risk index is to identify potential problem banks, and to obtain a general picture of the health of the banking industry. In 1994 the risk ... -
Fertility Cost, Intergenerational Labor Division, and Female Employment
(Working Paper;3/2019, Working paper, 2019)China has set to increase the minimum retirement age, to ease the pressure from pension expenditure and the falling labor supply caused by the aging population. However, policy debates have so far neglected the crucial ... -
Financial Crises and Monetary Expansion
(Working Papers;21/2011, Working paper, 2011)On the basis of data from the Historical Monetary Statistics-project by Norges Bank, the present paper serves a threefold purpose. In the first place it gives an overview of financial crisis in Norway from her independence ... -
Financial Globalization and Bank Lending : The Limits of Domestic Monetary Policy?
(Working papers;4/2018, Working paper, 2018)We empirically analyze how bank lending reacts to monetary policy in the presence of global financial flows. Employing a unique and novel dataset of the funding modes and currency composition of the full population of ... -
Financial Imbalances, Crisis Probability and Monetary Policy in Norway
(Working Papers;21/2017, Working paper, 2017)We assess the strength of the impact of a monetary policy shock on financial crisis probability in Norway. Policy effects go via the interest rate impact on credit, house prices and banks’ wholesale funding. We find that ... -
Financing Japan’s World War II Occupation of Southeast Asia
(Working Papers;2/2013, Working paper, 2013)This paper analyzes how Japan financed its World War II occupation of Southeast Asia, the transfer of resources to Japan, and the monetary and inflation consequences of Japanese policies. In Malaya, Burma, Indonesia and ... -
Fire Sales, Indirect Contagion and Systemic Stress Testing
(Working Papers;2/2017, Working paper, 2017)We present a framework for quantifying the impact of fi re sales in a network of financial institutions with common asset holdings, subject to leverage or capital constraints. Asset losses triggered by macro-shocks may ... -
Firm-Specific Capital and Welfare
(Working Papers;4/2006, Working paper, 2006)What are the consequences for monetary policy design implied by the fact that price setting and investment takes typically place simultaneously at the firm level? To address this question we analyze simple (constrained) ... -
Firm-Specific Capital, Nominal Rigidities, and the Taylor Principle
(Working Papers;6/2006, Working paper, 2006)In the presence of firm-specific capital the Taylor principle can generate multiple equilibria. Sveen and Weinke (2005b) obtain that result in the context of a Calvo-style sticky price model. One potential criticism is ... -
Firm-Specific Investment, Sticky Prices, and the Taylor Principle
(Working Papers;12/2004, Working paper, 2004)According to the Taylor principle a central bank should adjust the nominal interest rate by more than one for one in response to changes in current inflation. Most of the existing literature supports the view that by ... -
Fiscal Policy Under Inflation Targeting
(Working Papers;15/2000, Working paper, 2000)The paper discusses the role of fiscal policy as an instrument for macroeconomic stabilisation when monetary policy pursues inflation targeting. Within a theoretical model of an open economy with a traded and non-traded ... -
Fiscal Shocks and Real Rigidities
(Working Papers;10/2008, Working paper, 2008)In this paper we show that empirically plausible results on the effects of fiscal shocks in Galí, López-Salido and Vallés (2007) rely on a high degree of price stickiness and a large percentage of financially constrained ... -
Fiscal Stimulus in a Credit Crunch: The Role of Wage Rigidity
(Working Papers;8/2009, Working paper, 2009)In this paper we study the impact of an expansion in public spending in a credit constrained economy with sticky wages. The flexible wage version of the model implies strong expansionary effects on output and consumption ... -
Flexible Inflation Targeting and Financial Stability: Is It Enough to Stabilise Inflation and Output?
(Working Papers;7/2006, Working paper, 2006)We investigate empirically whether a central bank can promote financial stability by stabilizing inflation and output, and whether additional stabilization of asset prices and credit growth would enhance financial stability ... -
Forbearance Patterns in the Post-Crisis Period
(Working Paper;11/2018, Working paper, 2018)Using supervisory loan-level data on corporate loans, we show that banks facing high levels of non-performing loans relative to their capital and provisions were more likely to grant forbearance measures to the riskiest ... -
Forecast Accuracy and Economic Gains from Bayesian Model Averaging Using Time Varying Weight
(Working Papers;10/2009, Working paper, 2009)Several Bayesian model combination schemes, including some novel approaches that simultaneously allow for parameter uncertainty, model uncertainty and robust time varying model weights, are compared in terms of forecast ... -
Forecast Densities for Economic Aggregates from Disaggregate Ensembles
(Working Papers;2/2010, Working paper, 2010)We propose a methodology for producing forecast densities for economic aggregates based on disaggregate evidence. Our ensemble predictive methodology utilizes a linear mixture of experts framework to combine the forecast ... -
Forecast Density Combinations of Dynamic Models and Data Driven Portfolio Strategies
(Working Paper;10/2018, Working paper, 2018)A dynamic asset-allocation model is specified in probabilistic terms as a combination of return distributions resulting from multiple pairs of dynamic models and portfolio strategies based on momentum patterns in US industry ... -
Forecast Density Combinations with Dynamic Learning for Large Data Sets in Economics and Finance
(Working Paper;7/2019, Working paper, 2019)A flexible forecast density combination approach is introduced that can deal with large data sets. It extends the mixture of experts approach by allowing for model set incompleteness and dynamic learning of combination ... -
Forecast Uncertainty in the Neighborhood of the Effective Lower Bound: How Much Asymmetry Should We Expect?
(Working Papers;13/2016, Working paper, 2016)The lower bound on interest rates has restricted the impact of conventional monetary policies over recent years and could continue to do so in the near future, with the decline in natural real rates not predicted to reverse ...