Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/210372 
Year of Publication: 
2019
Series/Report no.: 
Staff Memo No. 6/2019
Publisher: 
Norges Bank, Oslo
Abstract: 
It is usual to assume that a weaker currency will stimulate exports and improve the balance of trade. Despite the krone's depreciation in recent years, however, exports have grown little and the non-oil trade deficit has widened. This raises questions about what effects the weaker krone has actually had. We find that exports would probably have been much lower without the depreciation of the krone. Our conclusion, therefore, is that there has been a significant tailwind.
Persistent Identifier of the first edition: 
ISBN: 
978-82-8379-098-6
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Research Report
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