This paper presents a suite of models developed to stress-test financial stability. A macro model is linked to micro data-based models for households, firms and banks. The macro model includes credit- and consumer confidence-driven house prices and feed-back effects from credit and house prices...

Administrative register data for Norwegian households are used to analyse the distribution of debt and assets by income, wealth and age group. We find that the cross-sectional distribution is skewed. The distribution of debt across age has changed over time, with more of the debt being held by...

This paper utilises household level data from administrative registers to illustrate that Norwegian households' high debt-to-income and loan-to-value ratios could prompt an increase in household saving in the event of a rise in interest rates and/or a fall in house prices. Both higher direct net...

In Norway the wage replacement rate, i.e. the proportion of wage income that is replaced by unemployment benefit, falls with high income. At the same time, the distribution of debt is skewed towards high-income earners. This paper maps out the wage replacement rate across Norwegian households...

On average, Norwegian households are highly indebted and their wealth is concentrated in housing. Changes in income, interest rates or house prices may cause significant adjustments in saving and consumption. This paper uses administrative register data on income and wealth to derive measures of...

Banks' commercial real estate loans account for almost half of banks' total loans to non-financial enterprises. Losses on these loans are normally low in good times, but they have proved to be one of the largest sources of bank losses in financial crises. As there is often a mismatch between the...

Utlån til næringseiendom utgjør nesten halvparten av bankenes utlån til ikke- finansielle foretak. Disse lånene har normalt lave tap i gode tider, men har vist seg som en av de største kildene til tap i bankene under finansielle kriser. Det er ofte dårlig samsvar mellom løpetiden...

Husholdningenes kjøpekraft i boligmarkedet kan ha betydning for etterspørselen etter bolig. Vi analyserer kjøpekraft i boligmarkedet ved å sammenstille fordelingen av prisen på omsatte boliger med fordelingen av hvor kostbare boliger husholdningene kan lånefinansiere. Det siste beregnes...

Loans to non-financial enterprises are the main source of banks' losses. Analyses of banks' losses on corporate loans are therefore important in the assessment of financial stability. This paper presents Norges Bank's framework for estimating losses on corporate loans built up from microdata for...

Loans to non-financial enterprises are the main source of banks' losses. Analyses of banks' losses on corporate loans are therefore important in the assessment of financial stability. This paper presents Norges Bank's framework for estimating losses on corporate loans built up from microdata for...