Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298510 
Year of Publication: 
2023
Series/Report no.: 
Staff Memo No. 12/2023
Publisher: 
Norges Bank, Oslo
Abstract: 
This Staff Memo considers some of the available evidence on relative price shocks as a driver of Norwegian inflation dynamics in high- versus low-inflation regimes. The results suggest that relative price shocks have largely been transient over the past two-three decades. However, this has been a period of low and stable inflation. Evidence from the 1980s suggest that relative price shocks had greater passthrough to other prices, and thus core inflation, in a high inflation regime.
Subjects: 
Inflation
relative prices
Persistent Identifier of the first edition: 
ISBN: 
978-82-8379-278-2
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Research Report
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