dc.contributor.author | Brubakk, Leif | |
dc.contributor.author | Ellingsen, Jon | |
dc.contributor.author | Robstad, Ørjan | |
dc.date.accessioned | 2018-12-12T08:42:51Z | |
dc.date.available | 2018-12-12T08:42:51Z | |
dc.date.issued | 2018 | |
dc.identifier.isbn | 978-82-8379-051-1 | |
dc.identifier.issn | 1504-2596 | |
dc.identifier.uri | http://hdl.handle.net/11250/2577273 | |
dc.description.abstract | In this paper, we estimate the neutral real rate for the Norwegian economy using two different empirical models, a vector autoregressive model with time-varying parameters (TVP-VAR) and a State-Space (SS) model similar to the Laubach-Williams model, respectively. In line with international evidence, all estimates indicate a falling trend. Furthermore, the estimates for Norway suggest that the Norwegian neutral short-term money market rate is now close to 0 percent in real terms. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Norges Bank | nb_NO |
dc.relation.ispartofseries | Staff Memo;7/2018 | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.title | Estimates of the Neutral Rate of Interest in Norway | nb_NO |
dc.type | Working paper | nb_NO |
dc.description.version | publishedVersion | nb_NO |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210 | nb_NO |
dc.source.pagenumber | 20 | nb_NO |