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Assessing Monetary Policy in Norway

Author

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  • Harald Magnus Andreassen
  • Paul De Grauwe
  • Haakon Solheim
  • Øystein Thøgersen

Abstract

We evaluate the policy of flexible inflation targeting implemented by the Norges Bank since March 2001. We discuss the reasons why the real interest rates are significantly higher in Norway than in the rest of Europe. Finally we propose some institutional changes that can improve the policy making process.

Suggested Citation

  • Harald Magnus Andreassen & Paul De Grauwe & Haakon Solheim & Øystein Thøgersen, 2001. "Assessing Monetary Policy in Norway," CESifo Working Paper Series 608, CESifo Group Munich.
  • Handle: RePEc:ces:ceswps:_608
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    File URL: http://www.cesifo-group.de/DocDL/cesifo_wp608.pdf
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    References listed on IDEAS

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    1. Svensson, Lars E. O., 2000. "Open-economy inflation targeting," Journal of International Economics, Elsevier, vol. 50(1), pages 155-183, February.
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