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Net lending of households and non-profit institutions serving households: an analysis of discrepancies between financial and non-financial accounts *.


Introduction

Monetary and financial stability constitute prime objectives for central banks. Monetary policy decisions are taken upon the basis of information concerning disentanglements in a number of economic and financial indicators. It is important that these indicators are reliable at an early stage, i.e. that they have beneficial real-time properties, so that they can provide relevant input for interest rate decisions. Norges Bank releases financial and monetary statistics upon a monthly and quarterly basis. These statistics form part of the input on which the Bank's monetary policy decisions are based (1) Among the statistics are quarterly financial accounts for households


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