Svein Gjedrem
Gjedrem on Norway and the UK
In the speech 'Norway and the UK' given on 26 October Svein Gjedrem of Norges Bank said that inspired by the Bank of England, Norges Bank last year finalised a large project on historical monetary statistics for Norway, spanning 500 years of price…
Gjedrem on the outlook for the Norwegian economy
In the speech 'Monetary policy and the outlook for the Norwegian economy' given on 10 October Svein Gjedrem of Norges Bank said the Norwegian economy is in an upturn and is now expanding at a brisk pace.
Norway's Gjedrem on petroleum and the economy
In the speech 'Petroleum and the Norwegian economy' given on 30 August Svein Gjedrem of Norges Bank stressed the role of the Petroleum Fund in stabilizing the krone.
Norges Bank Conference: Banking Crisis Resolution
Norges Bank arranged a conference on Banking Crisis Resolution - Theory and Policy, in Oslo from Thursday 16 June to Friday 17 June. Presentations included "Any role for central bank LLR without taxpayer's money involved?" by Charles Goodhart.
Norway's Gjedrem: Business cycles, monetary policy
In a speech 'On business cycles, monetary policy and property markets' given on 26 April, Svein Gjedrem of Norges Bank said the Norwegian economy is growing at a solid pace and there are prospects that growth will remain high.
Norway's Gjedrem on the economic outlook
In a speech on 'The economic outlook and monetary policy' given on 18 March, Svein Gjedrem of Norges Bank said inflation targeting has proved to be a sound system and particularly well suited for small, open economies.
Norway's Gjedrem on dialogue without boundaries
In the introduction to the conference "Dialogue without boundaries" given on 9 March, Svein Gjedrem of Norges Bank said monetary policy's most important contribution is to provide the economy with a nominal anchor.
Norway's Gjedrem on economic perspectives
In his annual address 'Economic perspectives' given on 17 February, Svein Gjedrem of Norges Bank said Norway can gradually raise interest rates from historic lows because economic growth looks increasingly self-sustaining and stubbornly low inflation has…
Norway's Gjedrem: 'Monetary policy is functioning'
In an article published by Aftenposten on 3 January, Norges Bank governor Svein Gjedrem said the Norwegian economy is growing at a solid pace, and there are prospects that growth will remain high in the year ahead.
Norway's Gjedrem appointed to second term
Norges Bank governor Svein Gjedrem was appointed to a second term on Friday 29 October. Press reports described the move as a vote of confidence for his management policies.
Norway's Gjedrem on global economy
In a speech on 'Monetary policy and cyclical developments' given on 22 April, Svein Gjedrem of Norges Bank said there are clear signs that the global economy has passed the trough. It may take some time before interest rates are increased substantially…
Norway's Gjedrem on monetary policy & economics
In a speech on 'Monetary policy and the economic outlook' given on 19 March, Svein Gjedrem of Norges Bank said that the upturn has both broadened out and gained momentum in the past months. All sectors report stable or increasing demand and sales. The…
Gjedrem on economic perspectives
In a speech on 'Economic perspectives' given on 19 February, Svein Gjedrem of Norges Bank said a sharp rise in asset prices and debt accumulation may pose a risk to economic stability. With a view to mitigating this risk, it will be appropriate in some…
Gjedrem on economic perspectives
SPEECH - In the speech 'Economic perspectives' Svein Gjedrem of Norges Bank said in response to heightened uncertainty and fears of war, traditional safe havens for capital, such as the Swiss franc and gold, have become increasingly attractive. Gold…
Gjedrem on role and effects of monetary policy
SPEECH - In the speech 'Perspectives on the role and effects of monetary policy' Svein Gjedrem of Norges Bank said commodity-exporting countries tend to experience wide fluctuations in their exchange rate. Norway must be prepared, he said, for…
Gjedrem on Norway's changing economy
SPEECH - In the speech 'Norway's changing economy' Svein Gjedrem of Norges Bank said history shows that low unemployment cannot ultimately be achieved through high inflation. A monetary policy that contributes to inflation does not create higher economic…
Gjedrem on the transatlantic economic partnership
SPEECH - In the speech 'Transatlantic Economic Partnership - Nordic and American perspectives' Svein Gjedrem of Norges Bank said the Nordic countries and the US have long historic ties with the number of Norwegians and their descendants living in the US…
Gjedrem on monetary policy and the economy
SPEECH - In the speech 'Monetary policy and the economic situation' Svein Gjedrem of Norges Bank said the global fall in equity prices has also spread to the Norwegian stockmarket and spoke of "a close relationship" between equity prices in the US and in…
Gjedrem on monetary policy in an open economy
SPEECH - In the speech 'Monetary policy in an open economy' Svein Gjedrem of Norges Bank said it is a challenge to stabilise developments in the Norwegian economy when it is so closely integrated in the world economy but the economic system in Norway has…
Norway c bank chief sees closer U.S.-Norway ties
In a speech made this week Svein Gjedrem said Nordic countries and the US have long historic ties and that these ties would grow closer, helped by Norway's investments of surplus oil cash abroad.
Gjedrem on the business cycle and monetary policy
SPEECH - In the speech 'The business cycle and monetary policy' made on 17 October, Svein Gjedrem of Norges Bank said share prices fell sharply this summer for several reasons, including poorer growth prospects abroad. Developments this summer indicate…
Gjedrem on inflation targeting and economic policy
SPEECH - In the speech 'Inflation targeting and the interplay in economic policy' made on 16 October, Svein Gjedrem of the Norges Bank said a substantial share of the effects of an interest rate change will occur within two years. Two years is thus a…
Speech by Svein Gjedrem of Norges Bank, 20 Sep
SPEECH - Gjedrem said in the speech titled 'Current monetary policy issues' that together with prospects for low inflation internationally, the strong krone is the most important force acting as a counterweight to the sharp rise in domestic costs.
Speech by Svein Gjedrem of Norges Bank, 19 Sep
SPEECH - Gjedrem said in the speech titled 'Economic policy challenges' that monetary policy functions with considerable and variable lags. Therefore, the current level of inflation does not provide an adequate basis for determining the level at which…