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Perspective: Nicolai Tangen & NBIM


Less than a year after his controversial appointment, criticism of Nicolai Tangen’s leadership of Norges Bank Investment Management is building
Nearly 10 months into what he has described as his dream job, Nicolai Tangen has started to make his mark. Since becoming chief executive officer of Norges Bank Investment Management (NBIM) in September 2020, the former hedge-fund magnate has reshaped the leadership team. He has set out his key priorities for the management of the Government Pension Fund Global (GPFG) and revised the official strategy placing more emphasis on active management.
Alongside these acts, Tangen has also cultivated a vocal public profile, using his fame and enhanced financial influence to attract young professionals to a career at Norway’s NOK11trn (€1.1trn) oil fund. ....

Nicolai Tangen , Tom Karp , Yngve Slyngstad , Espen Henriksen , Karin Thorburn , Norwegian School Of Economics , Norges Bank Supervisory Council , Norway Kristiania University College , Government Pension Fund Global , Norwegian Business School , Norges Bank , Norges Bank Oslo , Norges Bank Investment Management , Kristiania University College , Norwegian School , Wind Farm , நிகோலாய் தான்கேன் , கரின் தோர்பர்ன் , நோர்வே பள்ளி ஆஃப் பொருளாதாரம் , அரசு ஓய்வூதியம் நிதி உலகளாவிய , நோர்வே வணிக பள்ளி , கிறிஸ்டியானியா பல்கலைக்கழகம் கல்லூரி , நோர்வே பள்ளி , காற்று பண்ணை ,

Market report: Rising stock wealth does boost spending, employment


Credits:
Image: Christine Daniloff, MIT; stock imagery
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The stock market is a staple of business news, but it is unclear how meaningful stock prices are to the larger economy. Do changes in stock prices directly affect shorter-term consumption, or are they just leading indicators for subsequent economic activity? The U.S. Federal Reserve, for its part, usually seems to act as if stock-based wealth does help drive spending and employment. But is this correct?
A new study co-authored by an MIT economist brings data to the discussion and finds that increased stock market wealth has moderate but clear economic effects. After looking at the U.S. on a county-by-county basis, the study finds that after large market shifts, people spend about 3.2 cents per year out of each increased dollar of stock wealth they possess. There are also distinct employment effects in “nontradable” that is, place-situated i ....

United States , Palm Beach , Gabriel Chodorow Reich , Alan Greenspan , Plament Nenov , University Of Chicago Booth School Business , Bureau Of Labor Statistics , Norwegian Business School , National Science Foundation , Federal Reserve , Harvard University , Rudi Dornbusch Career Development Associate Professor , Dominic Ferrante Economics Research Fund , Board Survey Of Consumer , Department Of Economics , Alp Simsek , Market Wealth , Real Economy , Local Labor Market Approach , American Economic , Security Prices , Chicago Booth School , Federal Reserve Board , Consumer Finances , Dominic Ferrante Economics Research , ஒன்றுபட்டது மாநிலங்களில் ,

DNB profits soothe its 'PR catastrophe'


DNB profits soothe its ‘PR catastrophe’
April 30, 2021
DNB, Norway’s biggest bank, suffered a humiliating barrage of fury earlier this month from potential customers at Sbanken who don’t want anything to do with it. DNB’s latest jump in pre-tax profits this week, however, could take the sting out of losing so many angry customer as DNB’s pending takeover of Sbanken seems set to proceed.
Norwegian bank DNB is up against a wall of more than 6,000 angry customers of Sbanken, which it wants to take over.  PHOTO: newsinenglish.no
“We have good faith that this (the Sbanken acquistion) will go through,” said DNB’s chief executive Kjerstin Braathen just after releasing a 50.6 percent increase in first-quarter pre-tax earnings. The increase mostly reflected reversals of writedowns taken last year to cover expected losses that didn’t materialize: both revenues and operating results fell 14- and 25 percent respectively. ....

Morten Kinander , Kjerstin Braathen , Morten Andreas Meyer , Thor Christian Jensen , Kjersti Stuest , Bulder Bank , Norwegian Business School , Andreas Meyer , தோர் கிறிஸ்துவர் ஜென்சன் , நோர்வே வணிக பள்ளி , ஆண்ட்ரியாஸ் மேயர் ,