• 500 Years of Price History : Price Stability Is the Norm. What Distinguishes the Abnormal? 

      Qvigstad, Jan F. (Staff Memo;7/2005, Working paper, 2005)
      The transition to inflation targeting, which took place in Norway in 2001, may perhaps at the time have appeared to be a transition to a new and unfamiliar monetary policy system. Inflation targeting has, after just a few ...
    • How to Treat the Exchange Rate Assumption for an Inflation Targeting Regime 

      Qvigstad, Jan F. (Staff Memo;4/2005, Working paper, 2005)
      "The topic I am going to discuss here is how to treat the exchange rate assumption when making projections under an inflation targeting regime. The central bank of Norway made the official change to inflation targeting in ...
    • Implementing and Communicating Optimal Monetary Policy 

      Holmsen, Amund; Qvigstad, Jan F.; Røisland, Øistein (Staff Memo;3/2007, Working paper, 2007)
      The interest rate forecast plays a key role in the communication of monetary policy in Norges Bank. We give a comprehensive overview of the Bank’s communication with focus on the interest rate forecast. The main arguments ...
    • Monetary Policy Committees and Communication 

      Qvigstad, Jan F.; Fridriksson, Ingimundur; Langbraaten, Nina (Staff Memo;2/2013, Working paper, 2013)
      A country has only one central bank. It is therefore logical to compare it with central banks of other countries. There is broad agreement on the objective of monetary policy – price stability – and on central bank ...
    • Pengepolitiske komiteer og kommunikasjon 

      Qvigstad, Jan F.; Fridriksson, Ingimundur; Langbraaten, Nina (Staff Memo;1/2013, Working paper, 2013)
      Det finnes bare en sentralbank i et land. Det er derfor naturlig å sammenligne den med sentralbanker i andre land. Det er bred enighet om målet for pengepolitikken – prisstabilitet – og at sentralbanken skal være uavhengig ...
    • Policy-Making and Models at Norges Bank 

      Qvigstad, Jan F. (Staff Memo;5/2005, Working paper, 2005)
      [...] Norges Bank’s macro models have played a key role in forecasting work over many years. Inflation targeting probably places greater demands on our understanding of the way the economy functions than earlier regimes, ...
    • Two Essays on the Magic Number 4 

      Berg, Sigbjørn Atle; Vonen, Nikka Husom (Staff Memo;2/2011, Working paper, 2011)
    • When Does an Interest Rate Path “Look Good”? Criteria for an Appropriate Future Interest Rate Path – a Practician’s Approach 

      Qvigstad, Jan F. (Staff Memo;6/2005, Working paper, 2005)
      When professor Lars E. O. Svensson (Princeton University) visited Norges Bank’s conference on monetary policy in 2004, he suggested we should “find an instrument-rate path such that projections of inflation and output gap ...