Norway: Selected Issues

June 11, 2007

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Format: Chicago

Norway: Selected Issues, (USA: International Monetary Fund, 2007) accessed November 25, 2024

Summary

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.

Subject: Budget planning and preparation, Expenditure, Inflation, Oil prices, Oil, gas and mining taxes, Pension spending, Prices, Public financial management (PFM), Taxes

Keywords: Budget planning and preparation, Core inflation, CPI, CR, Gas and mining taxes, Global, IMF staff calculation, IMF staff estimate, Inflation, Inflation performance, Inflation process, ISCR, Oil, Oil prices, Pension spending, Underlying inflation

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/197
Stock No:

1NOREA2007002
ISBN:

9781451829815
ISSN:

1934-7685

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