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Evaluation of Norges Bank's projections for 2007.(Report)
- Article from:
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Economic Bulletin
- Article date:
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April 1, 2008
- Author:
- Lokshall, Raymond
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Copyright informationCOPYRIGHT 2008 Lloyds Bank Plc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The economic upswing since the summer of 2003 has been stronger and lasted longer than projected by Norges Bank. Growth in the mainland economy in 2007 was the highest since the early 1970s and strong in the light of the advanced phase of the current cyclical upswing. Capacity utilisation in the Norwegian economy in 2007, as measured by the estimated output gap, was higher than projected in 2006 and 2007. Unemployment was lower than expected. Underlying inflation was nevertheless low, broadly in line with that projected. There are several reasons why growth in 2007 was stronger than expected. Improved terms of trade in recent years have probably had a greater effect on demand ...
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Norges Bank's estimate of the output gap
Norges Bank. Inflation Report;
July 1, 2004 ;
Anonymous;
787 words
......often called potential output.1 Potential output - and hence...be estimated. Potential output will over time...In principle, potential output can change abruptly...most changes in potential output are difficult...smoothing" of potential ...
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NORGES BANK'S LIQUIDITY INSTRUMENTS NORGES BANK INTRODUCES A COLLATERAL...
Economic Bulletin;
December 1, 1999 ;
Kilen, John E. Thorstad, Havard;
787 words
...With effect from 1 September 1999, Norges Bank introduced a collateral requirement for fixed-rate loans. This is in line with Norges Bank's policy of securing its loans to the...defined as the banks' sight deposits with Norges Bank from one business day to the next. This...
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Collateral for loans from Norges Bank--consequences of changes in the...
Economic Bulletin;
April 1, 2008 ;
Bakke, Bjorn Sandal, Knut Solberg, Ingrid;
787 words
...Norges Bank requires collateral for all lending to...form of securities which are pledged to Norges Bank. The list of eligible securities was...aim of the changes has been to reduce Norges Bank's risk while ensuring that the borrowing...
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Norges Bank's management of cash inventories.
Economic Bulletin;
July 1, 2006 ;
Aastveit, Knut Are Kjorstad, Thomas;
787 words
......obligations regarding the supply of notes and coins, Norges Bank needs to hold cash inventories. The level of...through 2007. 1 Introduction According to the Norges Bank Act, Norges Bank is required to issue notes and coins (statutory...
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EVALUATION OF NORGES BANK'S PROJECTIONS.(Statistical Data Included)
Economic Bulletin;
June 1, 1999 ;
Jore, Anne Sofie;
787 words
......possible for economic developments, Norges Bank regularly evaluates its model-based...projections. It is also desirable to compare Norges Bank's projections with those of other institutions...wage inflation. Over the past year, Norges Bank took steps to improve the accuracy of...
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The central bank's liquidity policy in an oil economy.
Economic Bulletin;
December 1, 2007 ;
Fidjestol, Asbjorn;
787 words
...Norges Bank's instrument for achieving the objective of low and stable inflation...the key policy rate--the rate of interest on banks' deposits in Norges Bank. But how do Norges Bank's interest rate decisions affect market interest rates? They...
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Norway's approach to monetary policy.(Norges Bank)
New England Economic Review;
March 22, 2002 ;
Olivei, Giovanni P.;
787 words
......goal of monetary policy as conducted by Norges Bank is to maintain low and stable inflation...approximately 2.5 percent over time. Norges Bank sets its interest rate instrument with...abandoning a fixed-rate regime in 1992, Norges Bank conducted a managed float of the krone...
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The liquidity trend in banks
Norges Bank. Financial Stability;
May 1, 2002 ;
Anonymous;
275 words
......either in the form of deposits with Norges Bank or through a borrowing facility secured...the government has its deposits in Norges Bank rather than private banks. Because of...applies to government interest income in Norges Bank, and the transfer of Norges Bank's ...
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RESEARCH ON HISTORY OF NORGES BANK
Info-Prod Research (Middle East);
December 17, 2007 ;
134 words
...In 2016, Norges Bank will be celebrating its 200th anniversary...scheduled to start as early as in 2008. Norges Bank has allocated NOK 10 million for the...2008-2010). The project has been entitled Norges Bank Bicentenary Project 1816- 2016. The...
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potential output
A Dictionary of Economics;
JOHN BLACK;
125 words
...potential output The output which could be produced...technology. For an individual firm, potential output is the output that could be produced...profitably at higher output prices. Potential output for the economy as a whole is not...
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Annex 2: Letter from the Ministry of Finance to Norges Bank of 13 June...
Norges Bank. Inflation Report;
September 1, 2003 ;
Bjorland, Jan; Mydske, Tore;
603 words
...Norges Bank P.O. Box 1179 Sentrum 0107 OSLO Our ref...our letter of 6 February 2003, where Norges Bank was requested, as in previous years, to make a contribution to the discussion of Norges Bank's activities in the Credit Report 2002...
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Norges Bank's system for managing interest rates.(Norway)
Economic Bulletin;
August 1, 2001 ;
Kran, Lars-Christian Owre, Grete;
787 words
...The article provides an account of Norges Bank's practical implementation of monetary...policy. Liquidity policy consists of Norges Bank's operations in the money market to...with the interest rate signals given by Norges Bank through monetary policy, and ensure...
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Clearing and settlement at Norges Bank--a historical review.(Norway....
Economic Bulletin;
December 1, 2007 ;
Haare, Harald;
787 words
......entered in banks' accounts in a settlement bank. Norges Bank is the settlement bank for all the large Norwegian...Norway until 82 years after the establishment of Norges Bank. Norges Bank was assigned a key role as settlement bank and...
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New regulation on monetary policy
Norges Bank. Inflation Report;
June 1, 2001 ;
Anonymous;
542 words
......the Act of 24 May 1985 no. 28 on Norges Bank and the Monetary System. The regulation...developments in output and employment. Norges Bank is responsible for the implementation of monetary policy. Norges Bank's implementation of monetary policy...
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Norges Bank's role in the event of liquidity crises in the financial...
Norges Bank. Financial Stability;
November 1, 2004 ;
Anonymous;
787 words
......cannot be met from alternative sources.1 Norges Bank's principles and guidelines for supplying...money markets were weakly developed, and Norges Bank relatively often provided loans to banks...intraday loans) via standing facilities in Norges Bank's Settlement System (NBO). When a ...
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