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Working Papers

Norges Bank's working papers present research projects and reports that are generally not in their final form. Other analyses by Norges Bank's economists are also included in the series. The views and conclusions in these documents are those of the authors.

Norges Bank's Working Papers are also distributed by RepEc and BIS Central Bank Research Hub.

The papers are available free of charge and may be ordered individually or by subscription. Orders may be sent to: tjenestetorget@norges-bank.no

ISSN 0801-2504 (print)
ISSN 1502-8143 (online)

2005
	2005/16	Hilde C. Bjørnland Monetary policy and exchange rate interactions in a small open economy (Research Department)
	2005/15	Egil Matsen Portfolio choice when managers control returns (Research Department)
	2005/14	Julien Garnier and Bjørn-Roger Wilhelmsen The natural real interest rate and the output gap in the euro area: A joint estimation (Economics Department)
	2005/13	Geir H. Bjønnes, Steinar Holden, Dagfinn Rime and Haakon O.Aa. Solheim "Large" vs. "small" players: A closer look at the dynamics of speculative attacks Updated version March 2007 (Research Department)
	2005/12	Q. Farooq Akram, Dagfinn Rime and Lucio Sarno Arbitrage in the foreign exchange market: Turning on the microscope Updated version February 2007 (Research Department)
	2005/11	Hilde C. Bjørnland Monetary policy and the illusionary exchange rate puzzle (Research Department)
	2005/10	Eirik Gaard Kristiansen Strategic bank monitoring and firms' debt structure (Research Department)
	2005/9	Q. Farook Akram, Gunnar Bårdsen and Øyvind Eitrheim Monetary policy and asset prices: To respond or not? (Research Department)
	2005/8	Moshe Kim, Eirik Gaard Kristiansen and Bent Vale What determines banks' market power? Akerlof versus Herfindahl (Research Department)
	2005/7	Bjørn-Roger Wilhelmsen and Andrea Zaghini Monetary policy predictability in the euro area: An international comparison (Economics Department)
	2005/6	Tommy Sveen and Lutz Weinke Is lumpy investment really irrelevant for the business cycle? (Research Department) Revised May 2007
	2005/5	Ragna Alstadheim. Is the price level in Norway determined by fiscal policy? (Research Department)
	2005/4	Øistein Røisland. Inflation inertia and the optimal hybrid inflation/price-level target (Monetary Policy Department)
	2005/3	Carl Andreas Claussen and Øistein Røisland. Collective economic decisions and the discursive dilemma (Economics Department)
	2005/2	Q. Farooq Akram, Øyvind Eitrheim amd Lucio Sarno. Non-linear dynamics in output, real exchange rates and real money balances: Norway, 1830-2003 (Research Department)
	2005/1	Q. Farooq Akram Efficient consumption of revenues from natural resources - An application to Norwegian petroleum revenues (Research Department)