Norges Bank has gone a long way in being open about its decisions and it is one of the most transparent central banks; this report makes a few recommendations about further improving the bank in this respect. Since Norges ...

The international recession triggered by the financial crisis is often called “The Great Recession” because it is the deepest after World War II, and it did not turn into a full scale depression like in the 1930s. An ...

Each year the Centre for Monetary Economics (CME) at The Department of Economics, BI Norwegian School of Management appoints an independent group of experts to evaluate monetary policy in Norway.

This report is based on careful considerations of Norges Bank’s policy decisions, Monetary Policy Reports (MPR), and other communication, during 2013. We have also benefitted from extensive discussions with representatives ...

Each year the Centre for Monetary Economics (CME) at The Department of Economics, BI Norwegian Business School, appoints an independent group of experts to evaluate monetary policy in Norway. This year the committee consists ...

Norsk økonomi anno 2010 fremstår som en stor suksess. Det er bare Luxemburg som nå har en høyere kjøpekraftskorrigert brutto nasjonalinntekt per innbygger enn Norge blant OECDlandene. Det er illustrerende at norsk økonomi ...

This paper is about risk and about a critical view of the risk concepts we normally apply. That said, my ambition is not to launch a formal criticism of theoretical aspects of risk in financial markets, nor to make you ...

The agents in the economy use a plethora of high frequency information, including news media, to guide their actions and thereby shape aggregate economic fluctuations. Traditional nowcasting approches have to a relatively ...

We analyse fiscal policy responses in oil rich countries by developing a Bayesian regime-switching panel country analysis. We use parameter restrictions to identify procyclical and countercyclical fiscal policy regimes ...