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 history.

"The statistics show that price stability has been the norm over this period, with the exception of a few episodes of substantial and lasting changes in the price level. Interestingly enough, price developments have generally been the same

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