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Indirect Steering: 1958–71

In: OPEN States in the Global Economy

Author

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  • Jonathon W. Moses

    (University of Trondheim)

Abstract

This chapter examines Norway’s second postwar economic policy regime: one that relied heavily on indirect measures for steering the national economy. During this period, from 1958 to 1971, Norway experienced a wide variety of external and internal shocks. The external developments forced Norway to radically re-orient her domestic economic policy instruments. Increased trade integration made the use of direct measures more problematic, and Norway was forced to develop and employ a series of indirect instruments for controlling the economy. A new model, based on consistently low interest rates, came to dominate the Norwegian policy arsenal.

Suggested Citation

  • Jonathon W. Moses, 2000. "Indirect Steering: 1958–71," Palgrave Macmillan Books, in: OPEN States in the Global Economy, chapter 5, pages 97-122, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-333-97785-9_5
    DOI: 10.1057/9780333977859_5
    as

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