Norway's Gjedrem on dialogue without boundaries

In the introduction to the conference "Dialogue without boundaries" given on 9 March, Svein Gjedrem of Norges Bank said monetary policy's most important contribution is to provide the economy with a nominal anchor.

"Today, inflation targeting is the norm for small and medium-sized economies. Exchange rates fluctuate, but there are several ways of hedging against fluctuations. After Sweden switched to inflation targeting, the country has experienced solid output growth and low and stable inflation

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