Norway: Selected Issues

International Monetary Fund

No 2002/045, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper presents an assessment of Norway’s inflation targeting framework. It describes the institutional framework, and reviews accountability and transparency of the central bank as well as its communication with the public. The paper discusses the design of the framework, and the monetary transmission. It concludes that the institutional framework is appropriate for successful implementation of monetary policy. The new framework provides a more flexible monetary regime that is consistent with Norway’s overall economic policy framework.

Keywords: ISCR; CR; transmission mechanism; inflation target; managed float; inflation expectation; inflation-targeting central bank; output gap; inflation targeting framework; aggregate demand; money market; monetary policy guideline; policy bias; monetary policy tool; inflation rate; Inflation; Inflation targeting; Exchange rates; Consumer price indexes; Consumer prices; Europe (search for similar items in EconPapers)
Pages: 29
Date: 2002-03-07
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=15703 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2002/045

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().