• 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 ...
    • Financial Factors and the Macroeconomy - a Policy Model 

      Brubakk, Leif; Gelain, Paolo (Staff Memo;10/2014, Working paper, 2014)
      This paper documents the theoretical structure of an extension of the Norges Bank policy model NEMO. New features include an explicit treatment of the credit market, including a separate banking sector, a role for housing ...