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
- Language
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Englisch
- Bibliographic citation
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Series: Staff Memo ; No. 11/2012
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Evjen, Snorre
Kloster, Thea Birkeland
- Event
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Veröffentlichung
- (who)
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Norges Bank
- (where)
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Oslo
- (when)
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2012
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Evjen, Snorre
- Kloster, Thea Birkeland
- Norges Bank
Time of origin
- 2012