Norway: Selected Issues

International Monetary Fund

No 2013/273, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on Norway’s 2013 Article IV Consultation on economic policies to enhance long-term competitiveness. The success of the oil sector has created new competitiveness challenges. The IMF report states that rapid increases in oil wealth are also adding further pressures on the economy despite sound oil revenue management anchored by a fiscal rule. It also highlights that a slower rate of spending could better align the expected fiscal transfers with the expected long run aging- related costs that peak only after oil production is largely over.

Keywords: ISCR; CR; IMF staff calculation; house price correction; mainland economy; oil price; GPFG asset; market share; house price valuation gap; asset price cycle; competitiveness database; Income; Housing prices; Fiscal transfers; Oil prices; Oil; Global (search for similar items in EconPapers)
Pages: 34
Date: 2013-09-05
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Citations: View citations in EconPapers (3)

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