The conduct of monetary policy

Flexible inflation targeting implies that the central bank must in the short term strike a balance between price stability and stability in the real economy.. With some types

 The operational target of monetary policy shall be annual consumer price inflation of close to 2.5 per cent over time..  Monetary policy shall also contribute to stabilising

Even though high asset prices and strong credit growth build up in a period of low inflation, these imbalances may influence inflation in the somewhat longer run.. In that event, a

Our aim is to explore the game that occurs between two or more central banks performing monetary policy under flexible inflation targeting, using the interest rate as

There were prospects that the policy rate would remain close to 1.50 percent ahead, inflation would continue to be close to the inflation target and unemployment would remain low..

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 key policy rate is set with a view to achieving low and stable inflation without causing excessive fluctuations in output and employment. the key policy rate forecast is