Browsing Staff Memo by Title
Now showing items 93-112 of 282
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Forventningsdrevet gjeldskrise og mottiltak
(Staff Memo;7/2013, Working paper, 2013)Vi diskuterer tiltakene for å dempe eurokrisen i lys av en enkel teori om forventningsdrevne gjeldskriser. [...] I dette notatet gir vi en enkel teoretisk fremstilling av forventningsdrevne gjeldskriser og hvordan ulike ... -
Fra fast valutakurs til inflasjonsmål : Et dokumentasjonsnotat om Norges Bank og pengepolitikken 1992-2001
(Staff Memo;30/2012, Working paper, 2012)Perioden mellom desember 1992 og mars 2001 var en brytningstid for norsk pengepolitikk. I disse årene gikk norske myndigheter bort fra det tradisjonelle målet om å opprettholde en fast valutakurs og over til et flytende ... -
Fra reell til nominell : En analyse av pengepolitikken i Norge fra devalueringen i 1986, til innføringen av inflasjonsmålet i 2001
(Staff Memo;20/2011, Working paper, 2011)Temaet for denne oppgaven er pengepolitikken i perioden hvor den høye inflasjonstakten på slutten av 1970-tallet og starten av 1980-tallet ble brutt, og inflasjonen i Norge ble brakt ned på et lavt og stabilt nivå. Som ... -
Fra regulering til marked
(Staff Memo;27/2012, Working paper, 2012)Mellom 1965 og 1990 skjedde det store endringer i både målsettinger og virkemiddelbruk i norsk pengepolitikk. Fra starten av perioden brukte myndighetene ulike typer direkte reguleringer med sikte på å oppnå flere mål ... -
Frontfagets betydning for lønnsdannelsen i private tjenestnæringer
(Staff Memo;5/2022, Working paper, 2022)I denne analysen ser vi nærmere på i hvilken utstrekning lønnsutviklingen i industrien driver lønnsutviklingen i de ulike tjenesteytende næringene i privat sektor, i tråd med prediksjonen fra frontfagsmodellen. Spesielt ... -
Gjør høy gjeld husholdningenes konsum mer sensitivt for økonomiske sjokk? En oversikt over empirisk litteratur basert på mikrodata
(Staff Memo;3/2023, Working paper, 2023) -
Government support schemes during the Covid-19 pandemic have had a dampening effect on corporate credit risk
(Staff Memo;3/2021, Working paper, 2021)After the Covid-19 pandemic broke out, the authorities have introduced a number of measures aimed at the business sector. Support has largely been given to the sectors hardest hit by the pandemic and measures to contain ... -
Grunnbalansen / The Basic Balance
(Staff Memo;7/2009, Working paper, 2009)Vi skal i dette notatet se nærmere på den såkalte grunnbalansen. Grunnbalansen tar hensyn til at deler av petroleumsinntektene plasseres i utenlandsk valuta. Den gir et bedre bilde av opphavet til etterspørsel etter og ... -
Handling structural break points in NEMO
(Staff Memo;2/2020, Working paper, 2020)This paper documents a new feature in Norges Bank’s policy model NEMO, namely the ability to handle structural break points, i.e. shifts in one or more parameter values at a specific point in time. This property is introduced ... -
Har strukturell likviditet større påvirkning på Nibor-påslaget enn tidligere?
(Staff Memo;14/2023, Working paper, 2023)De senere årene har likviditetspremien på å bytte til seg kroner mot dollar, den såkalte OIS-basisen, utgjort en større andel av Nibor-påslaget enn tidligere. Flere har pekt på lav strukturell likviditet og bankers tilpasning ... -
High Debt in Norwegian Households and the Risk of a Substantial Cutback in Consumption
(Staff Memo;19/2016, Working paper, 2016)On average, Norwegian households are highly indebted and their wealth is concentrated in housing. Changes in income, interest rates or house prices may cause significant adjustments in saving and consumption. This paper ... -
A high-frequency financial conditions index for Norway
(Staff Memo;1/2023, Working paper, 2023)We have constructed a financial conditions index for Norway (FCIN). The FCIN offers a daily update on Norwegian financial conditions based on data from January 2003 on bank lending rates, bond spreads, the foreign exchange ... -
House price prediction using daily news data
(Staff Memo;5/2021, Working paper, 2021)We investigate whether information from news articles could improve predictions of house price inflation at a short forecast horizon. The Covid-19 pandemic led to a shutdown of the Norwegian economy on 12 March 2020. Large ... -
House Prices and Household Consumption
(Staff Memo;11/2017, Working paper, 2018)Neither standard economic theory nor empirical studies provide an unequivocal answer to the question of the effect of changes in house prices on household consumption. Estimating this effect empirically is demanding because ... -
The housing Phillips curve and momentum in the Norwegian housing market
(Staff Memo;10/2023, Working paper, 2023)This paper provides descriptive evidence for a housing Phillips curve in Norway, suggesting a negative relationship between the ratio of inventory-to-sales and subsequent house price growth in the market for existing homes. ... -
How do climate-related conditions affect Norwegian enterprises? : Results of three surveys in Norges Bank's Regional Network
(Staff Memo;5/2023, Working paper, 2023)Climate change and the transition to a low-carbon economy affect the Norwegian and global economy in many ways. To gain greater insight into how these changes affect the Norwegian economy, Norges Bank has asked a selection ... -
How does IFRS 9 affect banks’ impairment recognition in bad times?
(Staff Memo;9/2019, Working paper, 2019)IFRS 9 has changed the way banks recognise credit losses. Under IFRS 9, credit impairment shall be based on more forward-looking assessments by including recognition of expected credit losses. The purpose of this memo is ... -
How much CET1 capital must banks set aside for commercial real estate exposures?
(Staff Memo;10/2019, Working paper, 2019)The Ministry of Finance has proposed a temporary capital requirement (risk weight floor) for commercial real estate (CRE) exposures in Norway, applicable to the largest banks. CRE is the sector where banks have historically ... -
How Much of a Tailwind Have We Had from the Weaker Krone?
(Staff Memo;6/2019, Working paper, 2019)It is usual to assume that a weaker currency will stimulate exports and improve the balance of trade. Despite the krone’s depreciation in recent years, however, exports have grown little and the non-oil trade deficit has ... -
How to assess the systemic risk buffer for banks
(Staff Memo;11/2019, Working paper, 2019)Since 2013, Norwegian banks have been required to hold a systemic risk buffer (SyRB) of 3 percent. The reason for the buffer is to address structural vulnerabilities in the economy and the financial system. The Ministry ...