THE ROLE OF MONETARY POLICY REVISITED

In situations where the central bank's projections indicate that inflation two years ahead will be equal to the target while there is substantial slack in the economy, it may

The fixed exchange rate regime, which was introduced in 1986, reinstated monetary policy as an instrument of economic policy in Norway and laid the foundation for lower inflation

The regulation also states that monetary policy shall be aimed at stability in the Norwegian krone's external value, contributing to stable expectations concerning exchange rate

To mitigate the effects of the financial crisis, central bank key rates were cut sharply in 2008 and are still close to zero in a number of countries.. The key policy rate in

Governor Svein Gjedrem 24 September 2010.. Sovereign debt to GDP in the G7.. Per cent.. Government

Thank you for giving me this opportunity to discuss the relationships between monetary policy, cyclical developments and competitiveness. There has been some debate about

The first paragraph reads: “the purpose of Norges Bank is to maintain monetary stability and promote the stability of the financial system and an efficient and secure payment

(2) The Bank shall otherwise contribute to high and stable output and employment.. THE PURPOSE AND SCOPE OF MONETARY