Norway
Cover -- CONTENTS -- WAGES AND COMPETITIVENESS IN NORWAY -- A. Background: One Country, Two (Interlinked) Economies -- B. The Literature on Dutch Disease in Norway -- C. Wage and Competitiveness Developments of the Last Twenty Years -- D. Fiscal Policy and Competitiveness -- E. Conclusions and the Challenges Ahead -- References -- BOX -- 1. The 2013 Amendments to the Wage Setting Agreement -- FIGURE -- 1. Non-oil Competitiveness -- NORWAY'S PUBLIC SECTOR BALANCE SHEET AND FISCAL IMPLICATIONS -- References -- FIGURES -- 1. Comparison of Norway and Finland's Public Sector Balance Sheets -- 2. Scenario Analysis -- 3. Fiscal Paths, Implied IFNWs, and Aging Costs -- HOUSE PRICES AND LABOR MOBILITY IN NORWAY: A REGIONAL PERSPECTIVE -- A. Introduction -- B. Regional House Price Developments in Recent Years -- C. Estimation of Regional House Price Overvaluation -- D. Regional House Price Differentials and Labor Mobility -- E. Conclusions -- References -- BOXES -- 1. Tests for House Price Overvaluations: Literature Overview -- 2. Estimating National Equilibrium House Prices in Norway -- TABLES -- 1. Estimation of Regional Equilibrium House Prices in Norway: Results -- 2. Estimation of Internal Migrations of Prime Age Cohorts in Norway: Results.