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  • Better times in sight, but situation remains serious

    The Norwegian economy is still trying to recover from its most extensive downturn in recent times, but activity is not expected to return to the pre-pandemic level until the end of 2021. We expect a gradual rise in interest rates from 2021.

    Article
  • First price increase in PPI since December

    Increasing prices within energy goods lead to a 1.2 per cent rise in the overall PPI from July to August 2020. Natural gas had the stongest influence, but higher prices on refined petroleum products and electricity were also important contributors.

    Article
  • Slight rise in mainland GDP in July

    GDP for Mainland-Norway rose 1.1 per cent in July, according to seasonally adjusted national accounts figures. Despite growth over the past three months, activity levels were still 4.7 per cent lower in July than in February.

    Article
  • Efficient spatial allocation of wind power plants given environmental externalities due to turbines and grids

    Discussion Papers no. 938

    Negative environmental externalities associated with wind power plants depend on the physical characteristics of turbine installations and associated power lines and the geographical siting.

    Publication
  • Balance of income and current transfers create current account surplus

    Balance of income and current transfers were measured at almost NOK 28 billion in the 2nd quarter of 2020. Both income from- and expenditures to the Rest of the world (ROW) are reduced significantly, with the expenditure falling the most. The curr...

    Article
  • The decline in the Norwegian economy in the second quarter was the deepest ever recorded

    Seasonally adjusted figures from the national accounts show that Mainland Norway's GDP rose 3.7 per cent in June, after 2.2 per cent growth in May. The level of activity was still just under 6 per cent lower in June than in February, due to large ...

    Article
  • Work less but stay longer - Mature workerresponse to a flexibility reform

    Discussion Papers no. 937

    Reducing the eligibility age for pension benefits is considered by many as a policy that will discourage labor supply by mature workers. This paper analyzes a recent Norwegian pension reform which effectively lowered the eligibility age of retirem...

    Publication
  • Unchanged PPI from June to July

    The total PPI was unchanged from June to July 2020. Price increases in refined petroleum products and crude oil evened out the downturn in other groups within energy goods and manufacturing industries.

    Article
  • Downturn continues in manufacturing

    Norwegian industrial managers report a further downturn in the total production volume in the second quarter of the year. Major uncertainty related to the coronary pandemic contributes to the general outlook for the third quarter of 2020 is charac...

    Article
  • Continued downturn in PPI

    The producer price index (PPI) fell in June for the sixth month in a row. The downturn came both outside and inside the energy goods.

    Article
  • Increase in Mainland GDP in May

    Mainland Norway's GDP rose 2.4 per cent from April to May, adjusted for normal seasonal fluctuations. The growth came after two months of sharp decline following the outbreak of the Corona pandemic and subsequent infection control measures. Despit...

    Article
  • Capturing Key Energy and Emission Trends in CGE models

    Discussion Papers no. 936

    Limiting global warming in line with the goals in the Paris Agreement will require substantial technological and behavioural transformations.

    Publication
  • Who and how many can work from home in Norway?

    Discussion Papers no. 935

    The COVID-19 crisis has forced great societal changes, including forcing many to work remotely (work from home) in an effort to increase social distancing.

    Publication
  • Predicting the exchange rate path

    Discussion Papers no. 934

    Central banks, private banks, statistical agencies and international organizations such as the IMF and OECD typically use information about the exchange rate some weeks before the publication date as the basis for their exchange rate forecasts.

    Publication
  • Economic Survey 1-2020

    The outlook for the Norwegian economy has changed completely within a short space of time. The outbreak of the coronavirus and subsequent infection control measures have caused an enormous slowdown in the Norwegian economy since mid-March.

    Article