• A Cobweb Model of Financial Stability in Norway 

      Dahl, Geir Arne; Kloster, Thea Birkeland; Larsen, Unni; Rakkestad, Ketil Johan; Reisvaag, Rebekka; Syversten, Bjørne Dyre H.; Træe, Cathrine Bolstad (Staff Memo;15/2011, Working paper, 2011)
      The Staff Memo presents a cobweb model of financial stability in Norway. The model is a technical tool that incorporates both vulnerabilities in the banking sector and external risks to the banking sector. Thus, the model ...
    • The Financial Accelerator and the Real Economy : A Small Macroeconometric Model for Norway with Financial Frictions 

      Hammersland, Roger; Træe, Cathrine Bolstad (Staff Memo;2/2012, Working paper, 2012)
      This paper studies the salient features of a core macroeconometric model that allows for self-reinforcing co-movements between credit, asset prices and real economic activity. In contrast to the economic literature that ...