Working Paper
Assessing Monetary Policy in Norway
Harald Magnus Andreassen, Paul De Grauwe, Haakon Solheim, Øystein Thøgersen
CESifo, Munich, 2001
CESifo Working Paper No. 608
CESifo, Munich, 2001
CESifo Working Paper No. 608
We evaluate the policy of flexible inflation targeting implemented by the Norges Bank since March 2001. We discuss the reasons why the real interest rates are significantly higher in Norway than in the rest of Europe. Finally we propose some institutional changes that can improve the policy making process.