Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322367 
Year of Publication: 
2025
Series/Report no.: 
Staff Memo No. 5/2025
Publisher: 
Norges Bank, Oslo
Abstract: 
This paper estimates various Taylor rules for Norway based on the observed money market rate (Nibor). We begin by examining standard Taylor rules from the literature, applying them to Norwegian data to assess their fit. Next, we estimate a benchmark Taylor rule that is included in Norges Bank's monetary policy report and compare it with alternative specifications and explore the potential for nonlinearities. Finally, we analyze how the Taylor rule framework has evolved over time and its out-of-sample fit.
Subjects: 
Taylor rule
JEL: 
E47
E50
E52
E58
Persistent Identifier of the first edition: 
ISBN: 
978-82-8379-360-4
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Research Report
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