Norway: Selected Issues

September 5, 2013

Preview Citation

Format: Chicago

Norway: Selected Issues, (USA: International Monetary Fund, 2013) accessed December 22, 2024

Summary

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.

Subject: Commodities, Fiscal policy, Fiscal transfers, Housing prices, Income, National accounts, Oil, Oil prices, Prices

Keywords: Asset price cycle, Competitiveness database, CR, Fiscal transfers, Global, GPFG asset, House price correction, House price valuation gap, Housing prices, IMF staff calculation, Income, ISCR, Mainland economy, Market share, Oil, Oil price, Oil prices

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/273
Stock No:

1NOREA2013002
ISBN:

9781475528862
ISSN:

1934-7685

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