Inflation Targeting – Some Theory with Main Focus on Practice
Journal article
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http://hdl.handle.net/11250/2504439Utgivelsesdato
2004Metadata
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Sammendrag
Norway has had an inflation target for monetary policy since March 2001. This article explains why and how an inflation targeting regime was introduced.
Beskrivelse
The article is based partly on a speech with the same title given by Mr. Gjedrem at the Centre for Monetary Economics/Norwegian School of Management on 8 June 2004. The speech was based partly on the address “Perspectives on the role and effects of monetary policy” to the Holden Committee of Experts assessing the challenges facing the exposed sector, in Oslo on 16 January 2003, and partly on the address “The role of the Central Bank” given at the FAFO Institute for Labour and Social Research and the Norwegian Power and Democracy Project, in Oslo on 6 September 2002.