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.

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Year of publication:	2012
Authors:	Kleivset, Christoffer
Publisher:	Oslo : Norges Bank
Subject:	monetary policy \| inflation targeting \| regime change

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Series:	Working Paper ; 2012/13
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-82-7553-689-1
Other identifiers:	732558115 [GVK] hdl:10419/210012 [Handle] hdl:11250/2496824 [Handle] RePEc:bno:worpap:2012_13 [RePEc]
Classification:	E58 - Central Banks and Their Policies ; F33 - International Monetary Arrangements and Institutions ; N14 - Europe: 1913-
Source:	EconStor

Persistent link: https://www.econbiz.de/10012143801