Norway: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway

July 5, 2016

Preview Citation

Format: Chicago

Norway: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway, (USA: International Monetary Fund, 2016) accessed December 12, 2024

Summary

The paper examines the nature and scale of spillovers to a number of European countries from monetary policies in the euro area and the United States using three different approaches. The analysis focuses on selected non-euro-area countries in Europe: the Czech Republic, Denmark, Hungary, Poland, and Sweden. Recent developments in these countries’ sovereign bond yields and exchange rates are indicative of potential spillovers. The paper’s most consistent analytical finding is for spillovers to lower domestic bond yields, with the potential for repercussions on credit expansion and asset prices. More recently, the event study uncovered evidence of upward pressure on the exchange rate.

Subject: Banking, Housing prices, Inflation, Labor, Labor markets, Oil prices, Prices

Keywords: Central government debt, CR, Economy, Global, House price inflation, Housing prices, Inflation, Inflation expectation, ISCR, Labor markets, Liability positions vis-à-vis nonresident, Money market rate, Oil prices, Price

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/214
Stock No:

1NOREA2016001
ISBN:

9781498345026
ISSN:

1934-7685

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