• Temporary Halt in Labour Migration to Norway? 

      Halvorsen, Kaj W.; Lerbak, Marie Norum; Solheim, Haakon (Economic Commentaries;6/2009, Others, 2009)
      Labour migration to Norway increased considerably following EEA enlargement in 2004. In summer 2008, close to 95 000 persons from the Baltic countries and Poland were employed in Norway in addition to 60 000 from Nordic ...
    • The Basel I Floor – Transitional Arrangement and Backstop to the Capital Adequacy Framework 

      Borchgrevink, Henrik (Economic Commentaries;8/2012, Others, 2012)
      Capital requirements are intended to ensure that banks have a certain amount of capital to absorb unexpected losses. These requirements take into account the riskiness of banks’ various loan exposures. Such risk weighting ...
    • The Effect of a Fall in Oil Prices on the Turnover of Norwegian Enterprises 

      Brander, Anna Sandvig; Brekke, Henriette; Naug, Bjørn E. (Economic Commentaries;4/2013, Others, 2013)
      Norwegian enterprises have increased their sales to the oil and gas industry markedly in recent years. In this article, we take a closer look at the petroleum-related turnover of Norwegian enterprises and the effect of a ...
    • The Fall in Oil Prices and the Labour Market 

      Hvinden, Even C.; Nordbø, Einar W. (Economic Commentaries;7/2016, Others, 2016)
      The fall in oil prices since summer 2014 has dampened economic growth and led to higher unemployment in Norway. There are strong indications that the current decline experienced by oil-related firms in Norway will not be ...
    • The G20 and International Economic Cooperation 

      Fridriksson, Ingimundur (Economic Commentaries;4/2012, Others, 2012)
      The G20 played a pivotal role in responding to the global economic and financial crisis in early 2009. Its collective response in the later phases of the crisis may be said to have been less resolute. In the face of the ...
    • The IMF in Change – Loan from Norges Bank 

      Jonassen, Morten; Støholen, Bente; Winje, Pål (Economic Commentaries;5/2009, Others, 2009)
      The International Monetary Fund (IMF) is important in managing international economic and financial crises. In the past year, the IMF has provided crisis-related loans to several countries experiencing balance of payments ...
    • The Increasing Role of Emerging Market Economies in Multilateral Financing Arrangements 

      Fridriksson, Ingimundur (Economic Commentaries;5/2015, Others, 2015)
      The International Monetary Fund (IMF) and the World Bank were established at the end of the Second World War after a conference in Bretton Woods in New Hampshire in the United States. They are often referred to as the ...
    • The Norwegian Market for Government Securities and Covered Bonds in View of New Liquidity Buffer Requirements for Banks 

      Syed, Haseeb (Economic Commentaries;7/2010, Others, 2010)
      In this commentary we look more closely at Norwegian banks’ investment alternatives for meeting proposed new international liquidity buffer requirements. The Basel Committee’s final recommendations for liquidity standards ...
    • The Petroleum Fund Mechanism and Associated Foreign Exchange Transactions by Norges Bank 

      Aamodt, Ellen (Economic Commentaries;2/2014, Others, 2014)
      The Norwegian government receives substantial revenues from petroleum activities, both as revenues in NOK from oil taxes and revenues in foreign currency from the government’s own petroleum activities via the State’s Direct ...
    • The Petroleum Fund Mechanism and Norges Bank’s Foreign Exchange Purchases for the GPFG 

      Aamodt, Ellen (Economic Commentaries;14/2012, Others, 2012)
      The Norwegian government receives substantial revenues from the petroleum sector. These revenues are in both foreign currency and Norwegian kroner. Some of the oil revenues are absorbed in the Norwegian economy by being ...
    • The Petroleum Fund Mechanism and Norges Bank’s Foreign Exchange Transactions 

      Lerbak, Marie Norum; Tafjord, Kristian; Øwre-Johnsen, Marit (Economic Commentaries;1/2016, Others, 2016)
      The petroleum fund mechanism channels government revenues from petroleum activities on the Norwegian continental shelf to spending via the central government budget and to saving in the Government Pension Fund Global (GPFG). ...
    • The Petroleum Sector and the Norwegian Economy 

      Nordbø, Einar W.; Stensland, Njål (Economic Commentaries;4/2015, Others, 2015)
      Economic developments in Norway between 2000 and 2014 were marked by the steep rise in oil prices in the same period. Demand from oil companies operating on both the Norwegian continental shelf and in the rest of the world ...
    • The Rise in Oil Prices - Fundamental and Financial Factors 

      Akram, Q. Farooq; Winje, Pål (Economic Commentaries;1/2008, Others, 2008)
      Oil prices have risen sharply in recent years and are now record-high also in real terms [...]. Fundamental factors, such as oil supply and demand, are important explanatory variables for the price increase. Financial ...
    • The Use of Reference Rates and Their Impact on the Currency Market 

      Xu, Hong; Øwre-Johnsen, Marit (Economic Commentaries;8/2014, Others, 2014)
      Millions of trades are executed in the currency market daily. Exchange rates move continuously during the day and can fluctuate considerably within a very short time span. In many contexts, there is a need for a daily ...
    • Utstedelser av foretaksobligasjoner i det norske markedet 

      Haugen, Charlotte Høeg (Aktuell Kommentar;2/2013, Others, 2013)
      Ikke-finansielle foretak hadde ved utgangen av 2012 utestående obligasjonslån for 270 milliarder kroner i det norske markedet. Det utgjorde nesten en femtedel av totalt utestående obligasjonsvolum. I 2012 tok ikke-finansielle ...
    • Utviklingen i konsumprisene siden 2009 

      Martinsen, Kjetil; Stensland, Njål (Aktuell Kommentar;11/2012, Others, 2012)
      I 2009 økte konsumprisene justert for avgiftsendringer og utenom energivarer (KPI-JAE) med 2,6 prosent. Etter det har veksten i konsumprisene avtatt. De siste to årene har prisveksten ligget rundt 1 prosent. Formålet med ...
    • Virkninger av økt oljepris på norsk økonomi 

      Solheim, Haakon (Aktuell Kommentar;2/2008, Others, 2008)
      Oljeprisen har økt markert de siste årene. Endringer i oljeprisen påvirker norsk økonomi gjennom en rekke ulike kanaler. Noen sektorer vil oppleve økt etterspørsel, mens andre sektorer primært vil oppleve oljeprisøkningen ...
    • What Determines Developments in Us Long-Term Interest Rates over Time? 

      Hellum, Erlend (Economic Commentaries;3/2010, Others, 2010)
      This report analyses developments in long-term interest rates in the US. We estimate a model where developments in US long-term interest rates are decided by short-term interest rates, long-term inflation expectations, the ...
    • What Drives the Risk Premium in Nibor? 

      Lund, Kathrine; Tafjord, Kristian; Øwre-Johnsen, Marit (Economic Commentaries;10/2016, Others, 2016)
      In this Commentary, we illustrate how the risk premium in Nibor can be decomposed to better understand the driving forces affecting the Norwegian money market rate. Furthermore, we use historical data to discuss how ...