Browsing Staff Memo by Author "ter Ellen, Saskia"
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Bond market fire sales and turbulence in the Norwegian FX market in March 2020
Alstadheim, Ragna; Nordal, Kjell Bjørn; Syrstad, Olav; ter Ellen, Saskia; Wassas, May-Iren Walstad (Staff Memo;2/2021, Working paper, 2021)The world witnessed a meltdown in financial markets in March 2020 as the Covid-19 pandemic hit the global economy. In this memo we document how the turbulence affected Norwegian financial markets. We describe possible ... -
Nonlinearities in the Relationship Between Oil Price Changes and Movements in the Norwegian Krone
ter Ellen, Saskia (Staff Memo;18/2016, Working paper, 2016)Anecdotal evidence as well as previous empirical analysis indicates that the relation between oil price changes and movements in the Norwegian krone is not stable over time. We can observe that there is no or only a weakly ... -
Oil Price Shocks and the Norwegian Effective Exchange Rate – an SVAR Approach
ter Ellen, Saskia; Martinsen, Kjetil (Staff Memo;16/2016, Working paper, 2016)We employ a structural VAR model to investigate direct and indirect effects of oil price changes on the Norwegian effective exchange rate (I44). The model is estimated on different subsamples and with different model ...