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 growth. On the contrary, it paves the way for recession and unemployment.

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Address by Norway's Central Bank Governor Svein Gjedrem at a meeting hosted by

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