Bericht
Norges Bank's New Monetary Policy Loss Function - Further Discussion
Norges Bank's Monetary Policy Report (MPR) 1/12 introduced amendments to the criteria for an appropriate interest rate path in order to explicitly take into account the risk of a buildup of financial imbalances. The monetary policy "loss function" used in model-based analyses was accordingly adjusted mainly in two ways: The weight on the output gap was increased and a weight on the deviation between the actual and the normal interest rates was added. We present both theoretical and empirical studies underpinning these changes.
- ISBN
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978-82-7553-666-0
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Memo ; No. 11/2012
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Evjen, Snorre
Kloster, Thea Birkeland
- Ereignis
-
Veröffentlichung
- (wer)
-
Norges Bank
- (wo)
-
Oslo
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Bericht
Beteiligte
- Evjen, Snorre
- Kloster, Thea Birkeland
- Norges Bank
Entstanden
- 2012