Norwegian deputy seeks ‘eternal truths’

norges-bank-building

Jan Qvigstad, the deputy governor of the Norges Bank, established three "universally valid" lessons that central banks should take from history, in a speech on November 13.

One lesson is that the simplest solution "is often the best", as simple rules can be capable of preventing the worst problems, he said.

Another lesson is that confidence is essential for monetary policy, although it is "easily eroded" and can be difficult and costly to restore.

Finally, Qvigstad said economic problems require

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: