Norges Banks vitenarkiv
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Strukturell likviditet: Hva har drevet utviklingen historisk og hva kan skje fremover?
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Norges Bank's settlement system : Annual report 2023
Get PDFThe purpose of Norges Bank's settlement system (NBO) is to settle payments securely and efficiently between banks and other financial sector undertakings with an account at Norges Bank. The Norges Bank’s Settlement System Annual Report discusses main activities and measures related to the operation and development of NBO.publishedVersio
Finansiell infrastruktur 2024
Get PDFI den årlige rapporten Finansiell infrastruktur drøfter Norges Bank
utviklingstrekk, sårbarhet og risiko i den finansielle infrastrukturen.
Rapporten er en del av Norges Banks arbeid med å fremme finansiell
stabilitet og et sikkert og effektivt betalingssystem.publishedVersio
Macroeconomic effects of the gender revolution
Get PDFU.S. labor market data exhibit a major, secular decline in the employment and wage gaps between males and females. In this paper, we identify the underlying, structural forces and quantify the spillover from this gender convergence to the broader macroeconomy. A novel time series model maps empirical trends in data into (aggregate and gender-specific) structural trends. Identification is achieved with restrictions derived from a neoclassical model with gender-specific labor. Empirically, we find that secular changes in female-specific labor productivity account for approximately one-third of economic growth in the postwar U.S. economy, in addition to most of the observed gender convergence.publishedVersio
Tangen: Norges Bank’s management of the Government Pension Fund Global
Get PDFIntroductory statement by Norges Bank Investment Management CEO Nicolai Tangen at the hearing of the Standing Committee on Finance and Economic Affairs of the Storting (Norwegian parliament) on 30 April 2024.publishedVersio
Policy rate kept on hold
Get PDFIntroductory statement by Governor Ida Wolden Bache at the press conference following the announcement of the policy rate on 20 June 2024.publishedVersio
Time to ease monetary policy is approaching
Get PDFIntroductory statement by Governor Ida Wolden Bache at the press conference following the announcement of the policy rate on 19 September 2024.publishedVersio
The consumption expenditure response to unemployment: evidence from Norwegian households
Get PDFWe use detailed Norwegian administrative data to identify the income loss associated with the onset of unemployment and analyze the corresponding consumption expenditure response and the extent to which this response is related to household balance sheet components. Unemployment results in a significant, long-term decline in income. Consumption decreases by about one-third to one-half of the post-tax income reduction. This reduction is less pronounced for liquid households and more for indebted ones. Although both debt and liquidity impact consumption patterns, debt has a predominant influence, especially for households holding substantial amounts of both. These households, despite their liquidity, also reduce their consumption upon unemployment, while consistently dedicating a substantial part of their disposable income to mortgage commitments. Furthermore, we investigate heterogeneity along other important margins such as family composition and child age. Finally, the patterns of our spending responses (measured as the marginal propensity to consume, the MPC) are found to be more pronounced during recessions.publishedVersio
Annual address 2024
No full textAnnual address by Governor Ida Wolden Bache to the Supervisory Council of Norges Bank and invited guests, Oslo, Norway, 15 February 2024.publishedVersio
Finansiell stabilitet 2. halvår : sårbarhet og risiko i husholdninger og foretak
No full textI den halvårlige rapporten Finansiell stabilitet drøfter Norges Bank utviklingstrekk i finansmarkedene, norsk økonomi, banker og andre finansforetak og vurderer utsiktene for finansiell stabilitet. I første halvår vil rapporten normalt legge mer vekt på analyser av finansforetak, inkludert stresstest av banksektoren. I andre halvår vil det normalt legges mer vekt på analyser av husholdninger og foretak. Vurderingene og analysene i rapporten legges til grunn ved vurdering av motsyklisk kapitalbuffer og andre anbefalinger om tiltak som kan bidra til finansiell stabilitet. I rapporten Finansiell infrastruktur vurderer Norges Bank sårbarhet og risiko i den finansielle infrastrukturen. Rapporten Det norske finansielle systemet gir en samlet oversikt over det finansielle systemet i Norge, dets oppgaver og hvordan disse oppgavene blir utført. Norges Banks komité for pengepolitikk og finansiell stabilitet drøftet innholdet i rapporten Finansiell stabilitet 2024 – 2. halvår på seminarer og møter 29. september, 29. oktober og 25. november 2024.publishedVersio