Now showing items 39-58 of 282

    • Costs in the Norwegian Payment System 2007 – a Brief Overview of the Surveys and Results 

      Gresvik, Olaf; Haare, Harald (Staff Memo;9/2008, Working paper, 2008)
      The analysis covers social costs associated with payment cards, giros and cash. The bulk of retail payments in Norway are settled by means of these instruments. The social costs of using and producing these payment services ...
    • Costs in the Norwegian Payment System : Questionnaires 

      Gresvik, Olaf; Haare, Harald (Staff Memo;5/2009, Working paper, 2009)
    • Countercyclical Capital Buffer Proposal : An Analysis for Norway 

      Vo, Thi Quynh Anh (Staff Memo;3/2011, Working paper, 2011)
      This paper evaluates the ability of some macro variables, namely GDP growth, credit growth, credit to GDP ratio and property prices in guiding the accumulation of a capital buffer above the minimum during the credit expansion ...
    • The countercyclical capital buffer: A cross-country overview of policy frameworks 

      Arbatli-Saxegaard, Elif C.; Muneer, Mohammad Adnan (Staff Memo;6/2020, Working paper, 2020)
      The countercyclical capital buffer (CCyB) is a relatively new macroprudential tool, but the number of countries that have set a positive buffer level increased significantly over recent years. Furthermore, during the ...
    • CPIXE and Projections for Energy Prices 

      Nordbø, Einar W. (Staff Memo;7/2008, Working paper, 2008)
      This paper describes the new indicator of underlying inflation used at Norges Bank, the consumer price index adjusted for tax changes and excluding temporary changes in energy prices (CPIXE). In particular, we discuss the ...
    • Credit, Asset Prices and Monetary Policy 

      Brubakk, Leif; Natvik, Gisle James (Staff Memo;13/2010, Working paper, 2010)
      Based on the established literature, we develop a structural model for the Norwegian economy that incorporates feed-backs from asset prices and credit to the real economy. We then use this framework for policy analysis, ...
    • Credit, House Prices, and Risk Taking by Banks in Norway 

      Karapetyan, Artashes (Staff Memo;13/2011, Working paper, 2011)
      Motivated by alternative explanations of the financial crisis (e.g., Acharya and Richardson, 2010; Taylor, 2007), I study, first, repercussions between house price growth and household credit growth in Norway, and second, ...
    • Cyclical Capital Regulation and Dynamic Bank Behaviour 

      Galaasen, Sigurd Mølster; Johansen, Rønnaug Melle (Staff Memo;22/2016, Working paper, 2016)
      In this paper we develop a dynamic model of bank behaviour to study cyclical capital regulation. We study the decision problem of a single bank that chooses its dividend policy and holds a portfolio of long-term loans ...
    • Da Norge forlot gullet : Norges Bank og kurspolitikken 1931–1933 

      Petersen, Tine (Staff Memo;9/2012, Working paper, 2012)
      Denne masteroppgaven analyserer norsk kurspolitikk fra gullstandardens sammenbrudd og frem til kronens de facto stabilisering mot pundet i 1933. Oppgaven undersøker hvordan ulike argumenter og interesser kom til uttrykk ...
    • Debt and Household Consumption Responses 

      Fagereng, Andreas; Halvorsen, Elin (Staff Memo;1/2016, Working paper, 2016)
      Norwegian households’ levels of housing wealth have since the banking crisis of the 90s become an ever more dominant part of households’ portfolios. Low interest rates and easy access to mortgages have contributed to both ...
    • The demand for safe liquid assets and the implications of issuing a Central Bank Digital Currency for bank funding instruments 

      Müller, Carola (Staff Memo;8/2020, Working paper, 2020)
      The pros and cons of issuing a Central Bank Digital Currency (CBDC) is currently debated by Norges Bank and other central banks. A CBDC would grant access to the central bank balance sheet to a broader set of economic ...
    • Den nøytrale realrenten: Et oppdatert syn på r* 

      Meyer, Sara S.; Ulvedal, Pål B.; Wasberg, Erik S. (Staff Memo;7/2022, Working paper, 2022)
      Den nøytrale realrenten (r*) er en sentral størrelse for å kunne vurdere stramheten i pengepolitikken. Den nøytrale realrenten har etter alt å dømme falt betydelig de siste tre tiårene, drevet av avtakende produktivitetsvekst, ...
    • Det norske pengemarkedet : 

      Stiansen, Kjetil (Staff Memo;4/2022, Working paper, 2022)
      Dette memoet beskriver de viktigste delene av det norske pengemarkedet. Siden 2019 har banker med konto i Norges Bank rapportert sine transaksjoner i pengemarkedet til Norges Banks pengemarkedsrapportering (RPD). Memoet ...
    • Distributional effects of monetary policy in Norway 

      Mimir, Yasin; Mæhlum, Mathis; Torstensen, Kjersti Næss (Staff Memo;4/2021, Working paper, 2021)
      We quantify the short-term effects of both non-systematic and systematic monetary policy on the income and wealth distribution in Norway, and measure the relative importance of the various channels. An expansionary monetary ...
    • Documentation of NEMO - Norges Bank’s Core Model for Monetary Policy Analysis and Forecasting 

      Gerdrup, Karsten R.; Kravik, Erling Motzfeldt; Paulsen, Kenneth Sæterhagen; Robstad, Ørjan (Staff Memo;8/2017, Working paper, 2017)
      This paper explains the basic mechanisms of Norges Bank’s core model for monetary policy analysis and forecasting (NEMO). NEMO has recently been extended with an oil sector to incorporate important channels of shocks to ...
    • Documentation of the Method Used by Norges Bank for Estimating Implied Forward Interest Rates 

      Myklebust, Gaute (Staff Memo;11/2005, Working paper, 2005)
      Forward interest rates are an important indicator for monetary policy. They are commonly used, both by central banks and market participants, to gain information about market expectations of future interest rates. Forward ...
    • Dokumentasjon av enkelte beregninger til årstalen 2010 

      Unknown author (Staff Memo;1/2010, Working paper, 2010)
    • Dokumentasjon av enkelte beregninger til årstalen 2012 

      Unknown author (Staff Memo;5/2012, Working paper, 2012)
    • The downs and ups of mark-ups 

      Brubakk, Leif; Hagelund, Kåre (Staff Memo;2/2023, Working paper, 2023)
      Based on sectoral National accounts data and estimates of the implicit rental rate of capital, we calculate price mark-ups for 42 Norwegian industries for the period 1980-2019. The results indicate a broad-based increase ...
    • Driving Forces Behind European Commercial Real Estate Prices Prior to a Sharp Fall in Prices 

      Hagen, Marius; Hansen, Frank (Staff Memo;1/2018, Working paper, 2018)
      What factors have driven commercial real estate (CRE) prices upwards prior to a sharp fall in prices? We study this question by identifying turning points in CRE for a dataset covering the prime office segment in 58 cities ...