The Inflation Targeting Framework in Norway

Norway adopted an inflation targeting framework in early 2001, thus concluding its gradual but consistent move toward greater exchange rate flexibility. This paper assesses the institutional and technical design of the framework, as well as its potential implications for the practical implementation...

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Bibliographic Details
Main Author: Soikkeli, Jarkko
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2002
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a The Inflation Targeting Framework in Norway  |c Jarkko Soikkeli 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2002 
300 |a 29 pages 
651 4 |a Norway 
653 |a Depository Institutions 
653 |a Price indexes 
653 |a Inflation 
653 |a Government and the Monetary System 
653 |a Payment Systems 
653 |a Banks 
653 |a Banks and banking 
653 |a Regimes 
653 |a Monetary economics 
653 |a Inflation targeting 
653 |a Deflation 
653 |a Micro Finance Institutions 
653 |a Consumer price indexes 
653 |a Currency 
653 |a Mortgages 
653 |a Price Level 
653 |a Foreign Exchange 
653 |a Standards 
653 |a Banks and Banking 
653 |a Monetary Systems 
653 |a Prices 
653 |a Macroeconomics 
653 |a Monetary policy 
653 |a Banking 
653 |a Central Banks and Their Policies 
653 |a Exchange rates 
653 |a Price stabilization 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a Foreign exchange 
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520 |a Norway adopted an inflation targeting framework in early 2001, thus concluding its gradual but consistent move toward greater exchange rate flexibility. This paper assesses the institutional and technical design of the framework, as well as its potential implications for the practical implementation of monetary policy against the experience from selected industrial countries that had adopted inflation targeting frameworks prior to Norway. Norway's role as a commodity exporter exposed to large terms of trade shocks, and the possible consequences of newly introduced fiscal guidelines are also discussed