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dc.contributor.authorVenneslan, Christian
dc.contributor.authorTrøite, Ragnar
dc.contributor.authorKleivset, Christoffer
dc.contributor.authorKlunde, Bastian Engelsen
dc.description.abstractThis article surveys the degree of central bank independence in Norway between 1945 and 1970. By comparing the developments in Norway with those of Sweden and the United Kingdom, it is shown that the Norwegian central bank had less room for maneuver than in the other countries. In spite of a high legal independence, the actual performance of central bank operations was almost completely subordinated the instructions given by the Ministry of Finance. A particular vivid, dirigiste environment followed the experiences of the 1930s and the war in Norway, curtailing any effort to make the central bank an independent institution in the machinery of state economic management that followed the return to peace.nb_NO
dc.publisherNorges Banknb_NO
dc.relation.ispartofseriesWorking Papers;20/2011
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.subjectJEL: E58nb_NO
dc.subjectJEL: F33nb_NO
dc.subjectJEL: N44nb_NO
dc.subjectcentral bank independencenb_NO
dc.subjectmonetary policynb_NO
dc.subjectinstitutional designnb_NO
dc.titleIndependence Within Government. A Comparative Perspective on Central Banking in Norway 1945-1970nb_NO
dc.typeWorking papernb_NO
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212nb_NO
dc.relation.projectBicentenary Projectnb_NO

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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal