Report to the Executive Board of the Norges Bank on the decision-making process and the strategy document
David Longworth, Deputy Governor of the Bank of Canada, and Asbjørn Rødseth, Professor of Economics at the University of Oslo, have evaluated the strategy documents for 2002 and other material submitted to the Board in connection with the monetary policy strategy discussions. David Longworth and Asbjørn Rødseth presented the report to the Board on 3 June 2003.
The strategy document, which is produced three times a year, presents an analysis of the economic outlook that is consistent with the Inflation Report and draws up a strategy for monetary policy over the next four months. The strategy document is discussed by the Board. The strategy document is subsequently adjusted to reflect the views of the Board members, before it is approved at the next monetary policy meeting. The strategy document is published at the end of the period to which it applies.
The report