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dc.contributor.authorStaurset, Anne Kari
dc.contributor.authorBuene, Jens Martin
dc.date.accessioned2018-12-17T13:48:59Z
dc.date.available2018-12-17T13:48:59Z
dc.date.issued2018
dc.identifier.urihttp://hdl.handle.net/11250/2577962
dc.descriptionMasteroppgave(MSc) in Master of Business - Handelshøyskolen BI, 2018nb_NO
dc.description.abstractInspired by previous research, we are going to perform an empirical analysis to test the effectiveness of forward guidance in Norway on market expectations using high-frequency data and an event-study approach. Further, we will investigate how forward guidance affects the term structure in Norway using the Nelson-Siegel-Svensson framework. More specifically, we will investigate Norges Bank’s press conferences and the following statements to examine how market expectations are influenced by monetary policy actions and statements. Using a two-dimensional approach, we find supporting evidence and conclude that forward guidance influences money market rates. Furthermore, by creating yield curves we examine relations between macro variables and the term structure of interest rates. We find evidence coinciding with the theory presented by Rudebusch and Wu, albeit benb_NO
dc.language.isoengnb_NO
dc.publisherHandelshøyskolen BInb_NO
dc.subjectbusinessnb_NO
dc.titleThe effectiveness of forward guidance on the Norwegian yield curve: Is this in accordance with findings in the data?nb_NO
dc.typeMaster thesisnb_NO


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