Arbeitspapier
From a Fixed Exchange Rate Regime to Inflation Targeting
This paper documents Norges Bank's role in the long transition period from a fixed exchange rate regime to inflation targeting in Norway. It is shown that the Bank's leadership and influential department leaders wanted more exchange rate flexibility from early on. However, due to the division of responsibility of economic policy in Norway - where a stable exchange rate was important with regards to incomes policy - this was met with resistance.
- ISBN
-
978-82-7553-689-1
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 2012/13
- Classification
-
Wirtschaft
Central Banks and Their Policies
International Monetary Arrangements and Institutions
Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: 1913-
- Subject
-
monetary policy
inflation targeting
regime change
- Event
-
Geistige Schöpfung
- (who)
-
Kleivset, Christoffer
- Event
-
Veröffentlichung
- (who)
-
Norges Bank
- (where)
-
Oslo
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kleivset, Christoffer
- Norges Bank
Time of origin
- 2012
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Inflation Inertia and the Optimal Hybrid Inflation/Price-Level Target
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How to Treat the Exchange Rate Assumption for an Inflation Targeting Regime
What Horizon for Targeting Inflation?
Open-Economy Inflation Forecast Targeting
Inflation Targeting Rules: History-Dependent or Forwarding-Looking?
Long-Term Outlook for Fixed Income and Equity Return
Fiscal Policy Under Inflation Targeting
Strategic Interaction Between the Fiscal and Monetary Authorities Under Inflation Targeting
Optimum Currency Areas Under Inflation Targeting
Econometric Inflation Targeting
Flexible Inflation Targeting and Financial Stability: Is It Enough to Stabilise Inflation and Output?
Inflation Inertia and the Optimal Hybrid Inflation/Price-Level Target