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dc.contributor.authorBrubakk, Leif
dc.contributor.authorEllingsen, Jon
dc.contributor.authorRobstad, Ørjan
dc.date.accessioned2018-12-12T08:42:51Z
dc.date.available2018-12-12T08:42:51Z
dc.date.issued2018
dc.identifier.isbn978-82-8379-051-1
dc.identifier.issn1504-2596
dc.identifier.urihttp://hdl.handle.net/11250/2577273
dc.description.abstractIn 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.isoengnb_NO
dc.publisherNorges Banknb_NO
dc.relation.ispartofseriesStaff Memo;7/2018
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.no*
dc.titleEstimates of the Neutral Rate of Interest in Norwaynb_NO
dc.typeWorking papernb_NO
dc.description.versionpublishedVersionnb_NO
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210nb_NO
dc.source.pagenumber20nb_NO


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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal