The Norwegian Taylor rule

Ingvild Hagen Lindalen, Nicolò Maffei-Faccioli

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.

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Year of publication:	07.04.2025
Authors:	Lindalen, Ingvild Hagen ; Maffei-Faccioli, Nicolò
Publisher:	[Oslo] : Norges Bank
Subject:	Taylor rule \| Taylor-Regel \| Norwegen \| Norway \| Regelbindung versus Diskretion \| Rules versus discretion \| Geldpolitik \| Monetary policy \| Inflationssteuerung \| Inflation targeting

Extent:	1 Online-Ressource (circa 30 Seiten) Illustrationen
Series:	Staff memo / Norges Bank. - Oslo : [Verlag nicht ermittelbar], ISSN 1504-2596, ZDB-ID 2192530-6. - Vol. 2025, 5
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
ISBN:	978-82-8379-360-4
Other identifiers:	hdl:11250/3192056 [Handle]
Classification:	E47 - Forecasting and Simulation ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10015396892