Estimates of the Neutral Rate of Interest in Norway

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

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