• norsk
    • English
  • norsk 
    • norsk
    • English
  • Logg inn
Vis innførsel 
  •   Hjem
  • Øvrige samlinger
  • Publikasjoner fra CRIStin - NTNU
  • Vis innførsel
  •   Hjem
  • Øvrige samlinger
  • Publikasjoner fra CRIStin - NTNU
  • Vis innførsel
JavaScript is disabled for your browser. Some features of this site may not work without it.

Breaking brent: Norway's response to the recent oil price shock

Moses, Jonathon; Letnes, Bjørn
Journal article
Submitted version
Thumbnail
Åpne
Breaking+Brent.pdf (792.9Kb)
Permanent lenke
http://hdl.handle.net/11250/2472964
Utgivelsesdato
2017
Metadata
Vis full innførsel
Samlinger
  • Institutt for sosiologi og statsvitenskap [2225]
  • Publikasjoner fra CRIStin - NTNU [26746]
Originalversjon
Journal of World Energy Law and Business. 2017, 10 (2), 103-116.   10.1093/jwelb/jwx004
Sammendrag
Many petroleum-producing countries find themselves in dire financial straits after oil’s price fall in recent times. This article looks at how Norway has responded to the price shock. Norway’s response is particularly interesting in that the country is broadly admired for its capacity to avoid the Paradox of Plenty. As a small open economy, Norway has always had to respond quickly to changes in the global marketplace. To do this, the country developed a number of institutions and policies to facilitate rapid adjustment to international price shocks—and many of these institutions and polices predated Norway’s discovery of oil. In particular, Norway’s flexible exchange rate regime, its corporatist wage-bargaining framework, and its responsible fiscal policies (along with its ability to tap into a deep sovereign wealth fund) have helped the country minimize the nation’s economic pain, but also encouraged a slow transition away from oil and into other export sectors.
Utgiver
Oxford University Press (OUP)
Tidsskrift
Journal of World Energy Law and Business

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit
 

 

Bla i

Hele arkivetDelarkiv og samlingerUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifterDenne samlingenUtgivelsesdatoForfattereTitlerEmneordDokumenttyperTidsskrifter

Min side

Logg inn

Statistikk

Besøksstatistikk

Kontakt oss | Gi tilbakemelding

Personvernerklæring
DSpace software copyright © 2002-2019  DuraSpace

Levert av  Unit