IMF Staff Country Reports

Norway: Selected Issues

March 7, 2002

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Norway: Selected Issues, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

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.

Subject: Banking, Consumer price indexes, Consumer prices, Exchange rates, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Prices

Keywords: Aggregate demand, Consumer price indexes, Consumer prices, CR, Europe, Exchange rates, Inflation, Inflation expectation, Inflation rate, Inflation target, Inflation targeting, Inflation targeting framework, Inflation-targeting central bank, ISCR, Managed float, Monetary policy guideline, Monetary policy tool, Money market, Output gap, Policy bias, Transmission mechanism

Publication Details

  • Pages:

    29

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2002/045

  • Stock No:

    1NOREA0022002

  • ISBN:

    9781451829730

  • ISSN:

    1934-7685