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dc.contributor.authorAlstadheim, Ragna
dc.contributor.authorBache, Ida Wolden
dc.contributor.authorHolmsen, Amund
dc.contributor.authorMaih, Junior
dc.contributor.authorRøisland, Øistein
dc.description.abstractNorges Bank is one of few central banks publishing an interest rate fore- cast. This paper discusses how we derive and communicate the interest rate forecast. To produce the forecasts, the Bank uses a medium-sized small open economy DSGE model - NEMO. Judgments and information from other sources are added through conditional forecasting. The interest rate path is derived by minimizing a loss function representing the monetary policy mandate and the Board s policy preferences. Since optimal policy is vulnerable to model uncertainty, some weight is placed on simple interest rate rules. A weight on the deviation of the interest rate from the level implied by a simple rule is included in the loss function.nb_NO
dc.publisherNorges Banknb_NO
dc.relation.ispartofseriesStaff Memo;11/2010
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.titleMonetary Policy Analysis in Practicenb_NO
dc.typeWorking papernb_NO
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210nb_NO

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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Med mindre annet er angitt, så er denne innførselen lisensiert som Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal