From a fixed exchange rate regime to inflation targeting - A documentation paper on Norges Bank and monetary policy, 1992-2001

Christoffer Kleivset
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Christoffer Kleivset: Norges Bank (Central Bank of Norway)

No 2012/13, Working Paper from Norges Bank

Abstract: This paper documents Norges Bank’s role in the long transition period from a fixed exchange rate regime to inflation targeting in Norway. It is shown that the Bank’s leadership and influential department leaders wanted more exchange rate flexibility from early on. However, due to the division of responsibility of economic policy in Norway – where a stable exchange rate was important with regards to incomes policy – this was met with resistance.

Keywords: Monetary policy; Inflation targeting; Regime change (search for similar items in EconPapers)
JEL-codes: E58 F33 N14 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2012-12-05
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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https://www.norges-bank.no/en/news-events/news-pub ... pers/2012/WP-201213/

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Persistent link: https://EconPapers.repec.org/RePEc:bno:worpap:2012_13

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