Price Flexibility: 1986–98

Jonathon W. Moses
Additional contact information
Jonathon W. Moses: University of Trondheim

Chapter 7 in OPEN States in the Global Economy, 2000, pp 159-189 from Palgrave Macmillan

Abstract: Abstract The Norwegian model has undergone tremendous changes since 1986. In contrast to earlier periods, the main characteristics of economic policy in the late 1980s and 1990s is one of micro-efficiencies and price/wage flexibility, with less government intervention. All three of the main policy instruments (incomes, fiscal and monetary policy) have changed in both nature and content. The final result is an economy which has undergone yet another transformation, and returned to a full employment equilibrium. The new internal balance, however, is different from earlier balances: there are new winners and losers that result from this new policy constellation.

Keywords: Interest Rate; Monetary Policy; Foreign Exchange; Capital Mobility; Exchange Rate Regime (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-333-97785-9_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780333977859

DOI: 10.1057/9780333977859_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().