Norway: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper examines the role of the State Petroleum Fund in Norwegian economic policy, as a means to promote a sustainable long-term fiscal position and to help maintain the competitiveness of the non-oil (“mainland”) economy in the face of high oil export revenues. The paper documents the historical development of the wage bargaining framework in Norway, a country with a fairly centralized framework. It also compares recent wage developments in Norway with those of its trading partners to assess the implications for Norway’s international competitiveness.
Series:
Country Report No. 1998/034
Subject:
Commercial banks Exchange rates Financial institutions Foreign exchange Labor Nominal effective exchange rate Oil Real exchange rates Real wages Wages
English
Publication Date:
May 22, 1998
ISBN/ISSN:
9781451829648/1934-7685
Stock No:
1NOREA0011998
Pages:
98
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