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This Selected Issues paper analyzes core and idiosyncratic inflation in Norway. The paper provides estimates of underlying inflation, using a statistical technique to decompose inflation and a measure of core inflation into “common” and “idiosyncratic” components. It finds that overall...
Persistent link: https://www.econbiz.de/10014404815
This Selected Issues paper analyzes inflation in Norway with a view to shedding light on this surprising development and the possible near-term course of inflation, using statistical and econometric analyses. The paper reviews recent developments of monetary policy and inflation in Norway,...
Persistent link: https://www.econbiz.de/10014404846
This 2007 Article IV Consultation highlights that the Norwegian economy is set to grow strongly in 2007 for the fourth consecutive year. This economic performance is underpinned by strong monetary and fiscal policy frameworks. External demand, both for petroleum products and other Norwegian...
Persistent link: https://www.econbiz.de/10014404912
In 2003, domestic and external factors in Norway slowed real GDP growth to an estimated 0.5 percent. With inflation pressures waning, Norges Bank cut interest rates aggressively. The non-oil fiscal position has deteriorated somewhat over the past two years, only partly reflecting the cycle....
Persistent link: https://www.econbiz.de/10014406242
This paper presents key findings of Norway’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Banking Supervision, Insurance Regulation, and Payment Systems. Norway’s financial system appears sound and well managed. Short-term...
Persistent link: https://www.econbiz.de/10014406414
This 2005 Article IV Consultation highlights that Norway’s real mainland GDP growth rebounded strongly in 2004, after a slowdown that began in late 2002. Very supportive monetary conditions, high oil prices, rising housing prices, strengthening consumer and business confidence, and an improved...
Persistent link: https://www.econbiz.de/10014406416
This 2002 Article IV Consultation for Norway highlights that the mainland GDP growth edged up to an estimated 1.4 percent in 2002, from 12 percent in 2001, driven by strong consumption growth. Mainland investment and traditional exports slackened, as a result of weak external demand, high real...
Persistent link: https://www.econbiz.de/10014406492
This 2001 Article IV Consultation highlights that the real mainland (non-oil) GDP of Norway is estimated to have grown well below potential in 2001, at 11⁄4 percent. Although high oil prices supported household confidence and domestic activity through most of the year, the global slowdown has...
Persistent link: https://www.econbiz.de/10014407155
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,...
Persistent link: https://www.econbiz.de/10014407310
This Selected Issues paper presents the projections on the fiscal and external profiles for Norway, and discusses the long-term prospects and policy options. The study evaluates the details and implications of the system of social insurance schemes; and long-term profile of oil-related exports...
Persistent link: https://www.econbiz.de/10014407393