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Forsiden av dokumentet The Interest Sensitivity of Consumption and Investment: Evidence from Norway

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The Interest Sensitivity of Consumption and Investment: Evidence from Norway

This document investigates how monetary policy impacts consumption and investment using narrative shocks and granular data in Norway. Findings indicate that both consumption and investment respond to monetary policy, with notable heterogeneities in subcomponents. Consumption primarily reacts through a drop in services and durable goods, while aggregate investment response is driven mainly by tangible investments and specific sectors highly sensitive to interest costs. The study uses local projection frameworks and firm-level microdata to explore heterogeneity across sectors and capital goods.

Publisert

Eier

Norges Bank

Forfattere

Frida Bowe, Leif Brubakk, Ragnar Juelsrud, Sara Skjeggestad Meyer, Erlend Njølstad og Magnus Åstebøl

Språk

engelsk

ISBN

9788283793512

Tema

økonomi