Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.

Monetary policy

Two Years with Inflation Targeting in Norway and Iceland

In March 2001, within an interval of a few days, Norges Bank, and Seðlabanki Íslands both changed their monetary-policy objective. Both central banks switched from a fixed-exchange-rate policy to monetary policy based on an inflation target with a floating exchange rate. The background to the shift was growing problems relating to the fixed-exchange-rate policy. This article describes the background to the new regime and experience so far.