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In March 2016 Norges Bank cut its main policy rate to a record-low 0.5% in response to a weaker than expected economic outlook. The central bank has a broader remit [...]

Norway's public finances are among the strongest in the world, with a long record of surpluses and high levels of reserves due to the country's oil wealth. The fiscal policy [...]

A study uses a cointegrated Vector Autoregression (VAR) framework and the implied conditional variance from a Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model as a measure of volatility to analyze the relationship between export performance and exchange rate volatility across different monetary policy regimes in Norway. Results indicate that export performance is not affected by exchange rate uncertainty but by volatility changes associated with the monetary policy change from a fixed to a managed floating exchange rate.

Fiscal and monetary policy are currently focused on bolstering the economy as policymakers try to limit the negative spillover effects of the slump in oil and gas production, and still [...]

THE FEELING IN OSLO IS THAT NORWAY WILL JOIN THE EUROPEAN Union any day now--but they will let the Danes test the water first. Norway has twice rejected joining the [...]

Seafood exporters in Norway are experiencing a number of difficulties in relation to high interest rates, low salmon prices, Russian and Chinese competition, and a strong currency. Activities of several Alesund and Bergen, Norway seafood companies are discussed in this article.

The goal of monetary policy as conducted by Norges Bank is to maintain low and stable inflation. The operational target of monetary policy is explicitly defined in a consumer price [...]

In Norway, early retirement programmes have gradually reduced the retirement age from 67 to 62 for a majority of the labour force. Based on micro data for 1990 and 1992, we estimate a competing-risk model with three states: full retirement, partial retirement/part-time work and full-time work. We then use the estimated model in simulations to study how financial incentives can be strengthened to extend working life. Financial incentives, educational background and industry affiliation are found to influence retirement behaviour. For low and medium incomes, the tax system shifts the incentives heavily towards early retirement and, in particular, towards partial retirement combined with part-time work.

Following a two-and-a-half-year period of unchanged interest rates, Norges Bank (the central bank) has cut its main policy rate four times since late 2014, on each occasion by 25 basis [...]

The government is implementing an expansionary budget for 2016, projecting a reduction of the general government surplus this year in response to accom-modative fiscal measures aimed at cushioning the economy [...]

Fiscal and monetary policy are currently focused on bolstering the economy as policymakers try to limit the negative spillover effects of the sharp oil price decline on wider economic activity. [...]

Byline: Dr. Ãystein Disarray rules the day in Norway Norwayâs center-right government faces some fundamental issues concerning the countryâs oil wealth. It is surprising the public by what it does [...]

Overall Norway financial market activity in 1996 has been dominated by the strengthening of the Norwegian krone against the ECU, as the exchange rate reached 102.3 on June 12, 1996. Bond yields rose slightly in the wake of a similar reaction in the German bond market. Domestic credit rose and is expected to rise more in the following year. Lending rates fell, as Norges Bank cut its key rates on March 8, 1996.

Spitsbergen Island in the territory of Svalbard is home to 3,300 people, 2/3 of them Russian or Ukrainian, the rest Norwegian, who are primarily employed in mining coal. The Russian and Ukrainian governments have yet to agree on who shall bear the costs of maintaining the outpost, or if it will be maintained. The Norwegian government faces a similar dilemma over expanding the activities of Store Norske Spitsbergen Kulkompani inland at a cost of 80 million pounds. An increase in tourism would help one problem, but create others for the fragile ecosystem of the island which is a prime botanical research site.

On October 8th the government released its first full budget since taking office a year ago. One of its main aims is to help the business sector, which regularly suffers [...]

The comparative advantage and terms-of-trade effects of European integration of Norway is analyzed using a computable general equilibrium model for world trade and a model of Norway as a small open economy. Results show that the direct productivity gains of Norway after European integration is moderate but terms-of-trade effects are substantial. It is indicated, however, that such an integration will merely facilitate policy adjustments in Norway by providing a conducive political atmosphere for such changes.

The effects of policies aimed to control carbon dioxide emissions in economic development are studied with particular focus on Norway. The analytical tool used is a multisector computer equilibrium model that incorporates effects of other pollutants and quantified health and other nontangible benefits. The results indicate that eradicating carbon dioxide emissions reduces macroeconomic development by a relatively insignificant amount, while noneconomic benefits in terms of improved health for the citizens easily offset any economic loss.

CONTENTS I. Introduction II. Improving the Efficiency of Securities Markets i) Deregulation of access to the securities industry ii) Freeing or lowering commission rates iii) Efficiency gains through automation iv) [...]

The working of Norwegian Social Insurance Schemes (NSIS) and the information on changing trends in pension benefit plans are presented.

The government will continue to implement a centrist programme, with an emphasis on employment, the environment, education and healthcare. Policy is increasingly encouraging petroleum companies to make new discoveries and [...]

The government will continue to implement a centrist programme, with an emphasis on employment, the environment, education and healthcare. Policy is increasingly encouraging petroleum companies to make new discoveries and [...]