Norges Bank paper on central bank independence in the post-war era

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A Norges Bank paper, published in December, says that despite high legal independence, central bank operations in Norway during the post-war era were almost completely subject to the control of the ministry of finance.

Christian Venneslan, Ragnar Trøite, Christoffer Kleivset and Bastian Klunde, the paper's authors, survey the degree of central bank independence in Norway by comparing the developments in Norway with those of Sweden and the UK between 1945 and 1970.

The authors say that despite a

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