Indirect Steering: 1958–71

Jonathon W. Moses
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Jonathon W. Moses: University of Trondheim

Chapter 5 in OPEN States in the Global Economy, 2000, pp 97-122 from Palgrave Macmillan

Abstract: Abstract This chapter examines Norway’s second postwar economic policy regime: one that relied heavily on indirect measures for steering the national economy. During this period, from 1958 to 1971, Norway experienced a wide variety of external and internal shocks. The external developments forced Norway to radically re-orient her domestic economic policy instruments. Increased trade integration made the use of direct measures more problematic, and Norway was forced to develop and employ a series of indirect instruments for controlling the economy. A new model, based on consistently low interest rates, came to dominate the Norwegian policy arsenal.

Keywords: Interest Rate; Business Cycle; Industrial Policy; Credit Institution; Labor Party (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-97785-9_5

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DOI: 10.1057/9780333977859_5

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