Floating exchange rate has led to more volatility, Norwegian paper says
Moving to inflation targeting regime prompted rise in late 1990s, authors find
Nominal exchange rate changes have been more "volatile" since the Norwegian economy moved to a floating exchange rate regime, a working paper published by Norges Bank finds.
In The role of oil prices and monetary policy in the Norwegian economy since the 1980s, Q Farooq Akram and Haroon Mumtaz use a "time-varying parameter VAR model" to investigate changes in the dynamic of key Norwegian macroeconomic variables over the last thirty years.
Although there does not seem to be any appreciation or
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