Norway: Selected Issues

International Monetary Fund

No 1998/034, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines the role of the State Petroleum Fund in Norwegian economic policy, as a means to promote a sustainable long-term fiscal position and to help maintain the competitiveness of the non-oil (“mainland”) economy in the face of high oil export revenues. The paper documents the historical development of the wage bargaining framework in Norway, a country with a fairly centralized framework. It also compares recent wage developments in Norway with those of its trading partners to assess the implications for Norway’s international competitiveness.

Keywords: ISCR; CR; exchange rate; Norway; wage; nominal exchange rate; SPF assets; asset ratio; savings bank fund; real exchange rate; SPF investment; Real exchange rates; Real wages; Exchange rates; Commercial banks; Wages; Europe; Likelihood ratio test; statistics Norway; SPF investment portfolio; Nominal effective exchange rate (search for similar items in EconPapers)
Pages: 98
Date: 1998-05-22
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