Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/210357
Authors: 
Brubakk, Leif
Ellingsen, Jon
Robstad, Ørjan
Year of Publication: 
2018
Series/Report no.: 
Staff Memo No. 7/2018
Abstract: 
In this paper, we estimate the neutral real rate for the Norwegian economy using two different empirical models, a vector autoregressive model with time-varying parameters (TVP-VAR) and a State-Space (SS) model similar to the Laubach-Williams model, respectively. In line with international evidence, all estimates indicate a falling trend. Furthermore, the estimates for Norway suggest that the Norwegian neutral short-term money market rate is now close to 0 percent in real terms.
Persistent Identifier of the first edition: 
ISBN: 
978-82-8379-051-1
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no
Document Type: 
Research Report
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