Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/210299
Authors: 
Brubakk, Leif
Gelain, Paolo
Year of Publication: 
2014
Series/Report no.: 
Staff Memo 10/2014
Abstract: 
This paper documents the theoretical structure of an extension of the Norges Bank policy model NEMO. New features include an explicit treatment of the credit market, including a separate banking sector, a role for housing services and house prices, and the option of using macro-prudential instruments as the LTV-ratio and capital requirements as policy instruments. The model rely on building blocks from the recent literature on the interaction between the financial sector and the real economy.
Subjects: 
DSGE
credit market frictions
banking sector
Persistent Identifier of the first edition: 
ISBN: 
978-82-7553-813-8
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no
Document Type: 
Research Report
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