Expectations Survey 2025 Q4

Expectations Survey

Revisiting imputed consumption expenditure during the recent tightening cycle in Norway

Staff Memo

Author: Magnus Haare Gulbrandsen, Sjur Løne Nilsen and Erlend Njølstad

From averages to tail effects: A VAR quantile regression analysis of credit losses in Norway

Staff Memo

Author: Ragna Alstadheim, Nicolò Maffei-Faccioli, Rønnaug Melle Johansen and Thomas André Kristiansen Marøy

The evolution of first-time buyers in the Oslo region

Staff Memo

Author: Jon Ellingsen, Plamen Nenov Haakon Solheim and Bjørn Helge Vatne

Financial Stability Report 2025 H2

Financial Stability Report

Immigration and inequality: A micro-macro approach

Working Papers

Author: Francesco Furlanetto, Ørjan Robstad and Samad Sarferaz

What do 12 billion card transactions say about house prices and consumption?

Working Papers

Author: Knut Are Aastveit, Jesper Böjeryd, Magnus A. H. Gulbrandsen, Ragnar Enger Juelsrud and Kasper Roszbach

Management of Norges Bank’s foreign exchange reserves: Report for third quarter 2025

Management of foreign exchange reserves

Somewhat lower lending rates

Norges Bank’s Survey of Bank Lending

Transaction costs, the value of convenience, and the cross-section of safe asset returns

Working Papers

Author: Ragnar Juelsrud, Plamen Nenov, Fabienne Schneider, and Olav Syrstad