Blar i Staff Memo på emneord "forecasting"
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On the Purpose of Models - the Norges Bank Experience
(Staff Memo;6/2011, Working paper, 2011)Macroeconomic models are important ingredients in the monetary policy process, and, in the Norwegian case, projecting a forward interest rate path. In this paper we argue that when deciding on a model strategy, it is crucial ... -
Quantifying macroeconomic uncertainty in Norway
(Staff Memo;13/2023, Working paper, 2023)This paper presents a framework for quantifying uncertainty around point forecasts for GDP, inflation and house prices in Norway. The framework combines quantile regressions using a broad set of uncertainty indicators with ... -
The Financial Accelerator and the Real Economy : A Small Macroeconometric Model for Norway with Financial Frictions
(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 ...