Incomes policies and the Norwegian economy 1973-93
MetadataShow full item record
- Discussion Papers 
During the second half of the 1970s there was massive government interference in wage and price formation in Norway. Incomes policies changed in the first half of the 1980s - the hey days of "dynamic tax policies" in Norway - and during the second half of the 1980s new direct interventions in wage formation were implemented. These episodes of incomes policies are discussed and their empirical importance is assessed in the econometric price and wage equations of a large scale macroeconometric model of the Norwegian economy. Model simulations show that while price regulations generally led to an expansion of output and loss of cost competitiveness, wage regulation produced both output expansion and gain in competitiveness. The dynamic tax policy implemented in Norway was less successful and led to both higher prices and wages as well as lower output.
PublisherStatistics Norway, Research Department
SeriesDiscussion Papers;No. 192
Showing items related by title, author, creator and subject.
Markets where buyers also are sellers : how realized home equity may work as an accelerator of house prices Larsen, Erling Røed (Discussion Papers;No. 618, Working paper, 2010)Abstract: The house price level is a function of buyers’ realized home equity, and buyers’ realized home equity is a function of the house price level. This interdependence follows from the fact that buyers are sellers ...
Larsson, Jan; Telle, Kjetil (Discussion Papers;No. 411, Working paper, 2005)Abstract: The Integration Pollution and Prevention Control (IPPC) directive from the European Union implies that the regulatory emission caps should be set in accordance with each industry’s Best Available Techniques ...
Removing policy based comparative advantage for energy intensive production. Necessary adjustments of the real exchange rate and industry structure Bye, Torstein; Holmøy, Erling; Heide, Kim Massey (Discussion Papers;No. 462, Working paper, 2006)Abstract: National and international expansion of transmission networks and diminishing returns to scale in hydropower capacity expansion has raised the opportunity cost of electricity. The resulting changes in comparative ...