• A high-frequency financial conditions index for Norway 

      Bowe, Frida; Gerdrup, Karsten R.; Nicolò, Maffei-Faccioli; Olsen, Helene (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 ...
    • Optimal variable bank capital requirements 

      Alstadheim, Ragna (Staff Memo;9/2021, Working paper, 2021)
      The purpose of the “counter-cyclical capital buffer” (buffer) is to dampen procyclicality in the financial system, absorb capital losses and prevent a credit crunch during recessions. In this paper, a stylized analytical ...
    • 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 ...