• 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 ...
    • Navigating with NEMO 

      Kravik, Erling Motzfeldt; Mimir, Yasin (Staff Memo;5/2019, Working paper, 2019)
      This paper describes NEMO, the main dynamic stochastic general equilibrium model used at Norges Bank for monetary policy analysis and forecasting. NEMO has been used to identify the sources of business cycle fluctuations ...
    • The Power of Forward Guidance in NEMO 

      Bergholt, Drago; Meyer, Sara S.; Mimir, Yasin; Røisland, Øistein (Staff Memo;7/2019, Working paper, 2019)
      This staff memo revisits the power of forward guidance with particular emphasis on the effectiveness of anticipated policy in Norges Bank’s main policy model NEMO. First we explain, within the context of a simple toy model, ...