Nye registreringer

  • Fertility Cost, Intergenerational Labor Division, and Female Employment 

    Yu, Haiyue; Cao, Jin; Kang, Shulong (Working Paper;3/2019, Working paper, 2019)
    China has set to increase the minimum retirement age, to ease the pressure from pension expenditure and the falling labor supply caused by the aging population. However, policy debates have so far neglected the crucial ...
  • Multivariate Bayesian Predictive Synthesis in Macroeconomic Forecasting 

    McAlinn, Kenichiro; Aastveit, Knut Are; Nakajima, Jouchi; West, Mike (Working Paper;2/2019, Working paper, 2019)
    We present new methodology and a case study in use of a class of Bayesian predictive synthesis (BPS) models for multivariate time series forecasting. This extends the foundational BPS framework to the multivariate setting, ...
  • “Leaning Against the Wind”, Macroprudential Policy and the Financial Cycle 

    Kockerols, Thore; Kok, Christoffer (Working Paper;1/2019, Working paper, 2019)
    Should monetary policy lean against financial stability risks? This has been a subject of fierce debate over the last decades. We contribute to the debate about “leaning against the wind” (LAW) along three lines. First, ...
  • Targeted Countercyclical Capital Buffers 

    Galaasen, Sigurd Mølster; Solheim, Haakon (Staff Memo;13/2018, Working paper, 2018)
    This paper investigates the effect of broad-based versus sectoral capital requirements using a dynamic model of bank behaviour. We study the problem facing banks when determining their dividend policy and portfolio of ...
  • Boligbygging og husholdningsvekst 

    Mæhlum, Sverre; Pettersen, Per Marius; Xu, Hong (Staff Memo;12/2018, Working paper, 2018)
    De siste 10-15 årene har befolkningsveksten i Norge vært sterk, mens boligbyggingen har vært nokså lav. Samtidig bor folk i stadig mindre husholdninger. Økningen i antall husholdninger har vært høyere enn økningen i antall ...
  • Bankenes utlån til næringseiendom – en kilde til systemrisiko? 

    Hagen, Marius; Hjelseth, Ida Nervik; Solheim, Haakon; Vatne, Bjørn Helge (Staff Memo;11/2018, Working paper, 2018)
    Utlån til næringseiendom utgjør nesten halvparten av bankenes utlån til ikke- finansielle foretak. Disse lånene har normalt lave tap i gode tider, men har vist seg som en av de største kildene til tap i bankene under ...
  • Betalingssystemet – en kilde til risiko. Behovet for overvåking og tilsyn 

    Haare, Harald; Sletner, Inger-Johanne (Journal article, 2007)
    Betalingssystemet er en viktig del av et lands finansielle infrastruktur. Velfungerende betalingssystemer gjør det mulig å gjennomføre pengeoverføringer på en sikker måte og til avtalt tid. Artikkelen beskriver Norges Banks ...
  • Price Adjustments and Inflation - Evidence from Norwegian Consumer Price Data 1975-2004 

    Wulfsberg, Fredrik (Working Papers;11/2009, Working paper, 2009)
    I document price adjustments in both high and low inflation years from 14 milllion monthly price observations of 1,133 goods and services. The variation in the frequency of price changes explains all the variation in the ...
  • Lending Growth, Non-Performing Loans and Loan Losses 

    Kvisgaard, Vera; Vale, Bent (Staff Memo;8/2018, Working paper, 2018)
    At macro level, large loan losses for banks have often been preceded by periods of high lending growth. We analyse at bank level whether high loan growth also leads to more problem loans later on. The analysis is carried ...
  • House Prices and Household Consumption 

    Grindaker, Morten Haabeth (Staff Memo;11/2017, Working paper, 2018)
    Neither standard economic theory nor empirical studies provide an unequivocal answer to the question of the effect of changes in house prices on household consumption. Estimating this effect empirically is demanding because ...
  • The Phillips Curve and Beyond - Why Has Wage Growth Been so Low? 

    Brubakk, Leif; Hagelund, Kåre; Husabø, Eilert (Staff Memo;10/2018, Working paper, 2018)
    In this paper, we estimate various dynamic wage equations for mainland Norway. Our starting point is a standard Phillips curve. We then expand on our baseline specification by adding explanatory variables suggested by ...
  • En internasjonal sammenligning av norsk banksektor 

    Walle, Mari Aasgaard; Lund, Arild J. (Staff Memo;9/2018, Working paper, 2018)
    Bankene dominerer den finansielle sektoren i Norge. Hvor stor er norsk banksektor sammenlignet med banksektorene i andre land? Vi finner at Norge har en nokså liten banksektor i forhold til BNP sammenlignet med de andre ...
  • What Kind of Payments Settle in a Real Time Gross Settlement System? 

    Fevolden, Mats Bay; Smith, Lyndsie (Staff Memo;2/2018, Working paper, 2018)
    Central bank settlement systems are vital for payment intermediation and have an important role in monetary policy and financial stability. Few analyses exist that explain the purpose behind the payments that are settled ...
  • Monetary Policy Under Inflation Targeting 

    Røisland, Øistein; Sveen, Tommy (Occasional Papers;53/2018, Book, 2018)
    Monetary policy plays a central role in modern macroeconomics and many countries around the world has adopted inflation targeting as a guideline for policy. We emphasize and explain policy goals and then we assume that the ...
  • Estimates of the Neutral Rate of Interest in Norway 

    Brubakk, Leif; Ellingsen, Jon; Robstad, Ørjan (Staff Memo;7/2018, Working paper, 2018)
    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 ...
  • State Space Models with Endogenous Regime Switching 

    Chang, Yoosoon; Maih, Junior; Tan, Fei (Working Paper;12/2018, Working paper, 2018)
    This article studies the estimation of state space models whose parameters are switching endogenously between two regimes, depending on whether an autoregressive latent factor crosses some threshold level. Endogeneity stems ...
  • Regulering av boliglån – effekter på kreditt og boligpriser 

    Lindquist, Kjersti-Gro; Riiser, Magdalena D. (Aktuell kommentar;3/2018, Others, 2018)
    Internasjonale analyser finner at reguleringstiltak rettet mot boliglån kan bidra til å dempe veksten i boligpriser og kreditt, men resultatene spriker noe med hensyn på hvilke tiltak som virker og hvor effektive de er. ...
  • Forecast Density Combinations of Dynamic Models and Data Driven Portfolio Strategies 

    Basturk, Nalan; Borowska, Agnieszka; Grassi, Stefano; Hoogerheide, Lennart; van Dijk, Herman K. (Working Paper;10/2018, Working paper, 2018)
    A dynamic asset-allocation model is specified in probabilistic terms as a combination of return distributions resulting from multiple pairs of dynamic models and portfolio strategies based on momentum patterns in US industry ...
  • ECB Spillovers and Domestic Monetary Policy Effectiveness in Small Open Economies 

    ter Ellen, Saskia; Jansen, Edvard; Midthjell, Nina Larsson (Working Paper;9/2018, Working paper, 2018)
    In this paper we study financial spillovers from the European Central Bank's (ECB) monetary policy and communication, and whether they have consequences for the effectiveness of domestic monetary policy of small open ...
  • Hvordan finansierer husholdningene kjøp av fast eiendom? 

    Solheim, Haakon; Vatne, Bjørn Helge (Aktuell kommentar;2/2018, Others, 2018)
    Høy gjeld i norske husholdninger har lenge vært trukket fram som et risikoelement for finansiell stabilitet, blant annet i Norges Banks rapporter Finansiell stabilitet. Gjeldsopptak i husholdningene er nært knyttet til ...

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