STAFF MEMO

Finally, I also introduce an updated version of the short-term BEER model, where a variable for the Norwegian specific foreign exchange volatility is included, in

In Norway it took somewhat longer, but when Norges Bank Governor Kjell Storvik stopped exchange market intervention to support the krone in August 1998 and did not find it

At Norges Bank, a small model has been developed, which includes estimated equations for the two variables that ultimately determine developments in household housing wealth,

Next, we do a comparison of the best news-based forecasts (Model 3) with the forecasts from the Norges Bank Monetary Policy Report (MPR) through the Covid-19 pandemic until

However, the model predicted exchange rate in chart 13 and 14 are quite similar, suggesting that the price differential has not been the most important driver of the exchange rate

"In exercising its judgement, Norges Bank focuses on the fundamental preconditions for stability in the krone exchange rate: In order to achieve exchange rate stability against