OECD economic surveys : Norway 2014.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Series:

OECD Economic Surveys

Language:

English

Subjects (All):

Norway--Economic conditions.

Norway.

Norway--Economic policy.

Physical Description:

1 online resource (114 p.)

Place of Publication:

[Paris, France] : OECD, 2014.

Language Note:

English

Summary:

This 2014 OECD Economic Survey of Norway examines recent economic developements, policies and prospects. Special chapters cover real estate markets and financial risk and entrepreneurship.

Contents:

Table of contents; Basic statistics of Norway, 2012; Executive summary; Main findings; Key recommendations; Assessment and recommendations; Box 1. The new government's policy priorities; Figure 1. Real house prices; Figure 2. Sources of population growth since 1960; Box 2. Well being, Norway's best and worst scores; Table 1. Well being, Norway's best and worst scores; Macroeconomic prospects; Table 2. Macroeconomic indicators and projections; New tools to complement monetary policy; Figure 3. Appropriate interest rate path according to different criteria

Figure 4. Credit indicator of financial imbalancesSummary of recommendations on monetary policy and financial stability; Evolving fiscal policy; Box 3. The Norwegian macroeconomic policy framework; Figure 5. Simulated real return on the Government Pension Fund Global (GPFG); Figure 6. Saving rates by sector; Figure 7. General government total revenue; Summary of recommendations on fiscal policy; Sources of growth; Figure 8. Contribution to GDP growth; Figure 9. Slowing underlying productivity growth; Innovation and entrepreneurship; Table 3. Innovator or entrepreneur?

Figure 10. Norway has a lower start-up than many countriesSummary of recommendations on entrepreneurship; Human capital, education and the labour market; Figure 11. Population structure, 2010; Summary of recommendations on education and labour market policy; Bibliography; Annex. Follow-up to previous OECD policy recommendations; Thematic chapters; Chapter 1. The financial system and real estate: Strengthening resilience; Monetary and macroprudential policy for financial stability; Figure 1.1. House prices; Box 1.1. Main aspects of financial stability

Figure 1.2. Vulnerabilities in the Norwegian banking sectorFigure 1.3. House prices and credit growth; Figure 1.4. House price to rent ratios across OECD countries; Figure 1.5. Household liabilities; Box 1.2. Household debt distribution; Figure 1.6. Household wealth and debt; Figure 1.7. Highly indebted households by household structure, 2011; Figure 1.8. Interest rates and asset prices; Box 1.3. The house price-to-rent ratio; Figure 1.9. Theoretical and actual price-to-rent ratios; Figure 1.10. Appropriate interest rate path according to different criteria

Table 1.1. Policy instruments for financial stabilityTable 1.2. Estimated effects of increased capital requirement; Prudential policy and home mortgage loans; Figure 1.11. Indicators of financial imbalances; Figure 1.12. Implementation of new capital requirements; Figure 1.13. Common equity tier 1 ratio and unweighted capital share; Figure 1.14. Mortgage loan interest rate; Household indebtedness and the possible process of deleveraging; Box 1.4. Simulation of an further interest rate increase; Figure 1.15. Simulation results: further increase in interest rates

Figure 1.16. Household debts in selected OECD countries

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed April 14, 2014).

Includes bibliographical references at the end of each chapters.

ISBN:

9789264219526

9264219528

9789264206786

9264206787