Browsing Staff Memo by Issue Date
Now showing items 21-40 of 282
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Measuring and Predicting Household Housing Wealth
(Staff Memo;4/2006, Working paper, 2006)At Norges Bank, a small model has been developed, which includes estimated equations for the two variables that ultimately determine developments in household housing wealth, namely house prices and housing investment. In ... -
Implementing and Communicating Optimal Monetary Policy
(Staff Memo;3/2007, Working paper, 2007)The interest rate forecast plays a key role in the communication of monetary policy in Norges Bank. We give a comprehensive overview of the Bank’s communication with focus on the interest rate forecast. The main arguments ... -
Strategy Report - The Norwegian Government Pension Fund - Global
(Staff Memo;1/2007, Working paper, 2007)Our report on “Long term market outlook” discussed the future market conditions both in the bond and equity markets, where the Pension Fund is currently invested, and in alternative asset classes, where the Fund may invest ... -
Innskuddsikring i Norge – i et internasjonalt perspektiv
(Staff Memo;2/2007, Working paper, 2007)Innskuddsikringen er en viktig del av bankenes rammebetingelser. Den skal både beskytte forbrukerne og sikre finansiell stabilitet. Utformingen av innskuddsikringen drøftes for tiden i mange land. EU kommisjonen har nylig ... -
Comparing Monetary Policy Transparency. The Eijffinger and Geraats Index - a Comment
(Staff Memo;10/2008, Working paper, 2008)There is by now a large volume of literature on central bank transparency and communication. One branch of this literature compares transparency across central banks and over time. Recent contributions in this vein are ... -
CPIXE and Projections for Energy Prices
(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 ... -
Costs in the Norwegian Payment System 2007 – a Brief Overview of the Surveys and Results
(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 ... -
The Relationship Between the Key Policy Rate and Macroeconomic Variables : A Simple Cross-Check for Norway
(Staff Memo;3/2008, Working paper, 2008)In this paper we discuss simple relationships between the key policy rate and macroeconomic variables in Norway. Such models may be useful tools in monetary policy analysis as they provide a cross-check for the interest ... -
Stress Testing the Enterprise Sector's Bank Debt - a Micro Approach
(Staff Memo;5/2008, Working paper, 2008)This paper describes Norges Bank’s micro stress testing framework for assessing the Norwegian banking sector’s losses on loans to the non-financial enterprise sector. Using projected macro variables and a stock-flow approach, ... -
A Suite-Of-Models Approach to Stress-Testing Financial Stability
(Staff Memo;2/2008, Working paper, 2008)This paper presents a suite of models developed to stress-test financial stability. A macro model is linked to micro data-based models for households, firms and banks. The macro model includes credit- and consumer ... -
Payment Habits at Point of Sale. Different Methods of Calculating Use of Cards and Cash in Norway
(Staff Memo;6/2008, Working paper, 2008)We use different empirical methods for estimating the use of cash in Norway. One method gives an estimate of the “maximum” value of cash use at point of sale. A second estimates the minimum use of cash in the society ... -
Simple Cross-Check Models for the Krone Exchange Rate
(Staff Memo;1/2008, Working paper, 2008)In this paper we discuss simple cross-check models for the krone exchange rate. Such models may give information as to whether the exchange rate is in line with basic macroeconomic fundamentals. Norges Bank publishes ... -
Improving and Evaluating Short Term Forecasts at the Norges Bank
(Staff Memo;4/2008, Working paper, 2008)In 2006 the Norges Bank initiated a project to improve its short term forecasts. The current phase of the project is tasked with developing a system that provides model-based forecasts for gross domestic product and consumer ... -
Trondhjem som hovedsete for Norges Bank – noen faktiske og kontrafaktiske betraktninger
(Staff Memo;8/2008, Working paper, 2008) -
Renter og rentemarginer
(Staff Memo;2/2009, Working paper, 2009)Norges Bank setter styringsrenten. Pengemarkedsrentene påvirkes av styringsrenten og av forventninger om fremtidig styringsrente. Endringer i styringsrenten og pengemarkedsrentene påvirker bankenes innskudds- og utlånsrenter. ... -
Banking Crisis Resolution Policy - Different Country Experiences
(Staff Memo;10/2009, Working paper, 2009)The current financial crisis has sparked an intense debate about how weak banks should be resolved. Despite international efforts to coordinate and converge on such policies, national policy advice and resolution practices ... -
Teknisk beregning av KPIXE
(Staff Memo;3/2009, Working paper, 2009)Norges Bank ser på flere ulike indikatorer i vurderingen av underliggende inflasjon. KPIXE2 er en indikator for underliggende inflasjon som ble publisert første gang i Pengepolitisk rapport 2/08. KPIXE fanger opp den ... -
Effekten av en inndragning av 50-øremynten på inflasjonen
(Staff Memo;1/2009, Working paper, 2009)KPI måles med annonserte priser og ikke som betalt beløp, slik at avrunding av priser ved kontant betaling i seg selv ikke påvirker KPI. (Ved elektronisk betaling blir priser ikke avrundet.) Inndragning av 50-øremynten kan ... -
Solvensavstand og andre risikoindikatorer for banker
(Staff Memo;6/2009, Working paper, 2009)Siden finansuroen begynte i 2007 har mange banker verden over opplevd kraftig fall i aksjekursen og økte risikopåslag i prisene på gjeldsfinansiering. Grunnen til dette er i all hovedsak at markedet forventet redusert ... -
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 ...