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Norway: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper analyzes core and idiosyncratic inflation in Norway. The paper provides estimates of underlying inflation, using a statistical technique to decompose inflation and a measure of core inflation into “common” and “idiosyncratic” components. It finds that overall inflation is not far from its underlying value, as estimated by the common component, while core inflation is below its underlying value. The paper also considers medium-term and long-term fiscal policy in light of high oil prices and the prospect of substantial increase in pension outlays.

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  • International Monetary Fund, 2007. "Norway: Selected Issues," IMF Staff Country Reports 2007/197, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/197
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    References listed on IDEAS

    as
    1. Gunnar Tersman, 1991. "Oil, National Wealth, and Current and Future Consumption Possibilities," IMF Working Papers 1991/060, International Monetary Fund.
    2. Dennis Fredriksen & Nils Martin Stølen, 2005. "Effects of demographic development, labour supply and pension reforms on the future pension burden," Discussion Papers 418, Statistics Norway, Research Department.
    3. Benoît Bellone & Alexandra Bibbee, 2006. "The Ageing Challenge in Norway: Ensuring a Sustainable Pension and Welfare System," OECD Economics Department Working Papers 480, OECD Publishing.
    4. Mr. Jan-Peter Olters & Mr. Daniel Leigh, 2006. "Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy: Lessons from Gabon," IMF Working Papers 2006/193, International Monetary Fund.
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    Cited by:

    1. Kamilya Tazhibayeva & Mr. Aasim M. Husain & Anna Ter-Martirosyan, 2008. "Fiscal Policy and Economic Cycles in Oil-Exporting Countries," IMF Working Papers 2008/253, International Monetary Fund.

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