dc.contributor.author | Evjen, Snorre | |
dc.contributor.author | Kloster, Thea Birkeland | |
dc.date.accessioned | 2018-08-01T13:30:08Z | |
dc.date.available | 2018-08-01T13:30:08Z | |
dc.date.issued | 2012 | |
dc.identifier.isbn | 978-82-7553-666-0 | |
dc.identifier.issn | 1504-2596 | |
dc.identifier.uri | http://hdl.handle.net/11250/2507191 | |
dc.description.abstract | Norges Bank’s Monetary Policy Report (MPR) 1/12 introduced amendments to the criteria for an appropriate interest rate path in order to explicitly take into account the risk of a buildup of financial imbalances. The monetary policy “loss function” used in model-based analyses was accordingly adjusted mainly in two ways: The weight on the output gap was increased and a weight on the deviation between the actual and the normal interest rates was added. We present both theoretical and empirical studies underpinning these changes. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Norges Bank | nb_NO |
dc.relation.ispartofseries | Staff Memo;11/2012 | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.title | Norges Bank’s New Monetary Policy Loss Function – Further Discussion | nb_NO |
dc.type | Working paper | nb_NO |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210 | nb_NO |
dc.source.pagenumber | 23 | nb_NO |