Currency War Shuffles Office Chairs as Norway Tames Krone
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Norwegian central bank policy makers took a very simple step when the surging krone risked derailing their inflation-targeting regime. They moved their economists in with the currency traders.
Putting the macro economists next to the markets department improved the understanding of the effects of currency moves on the economy, according to Jan F. Qvigstad, who steps down today as deputy governor of the Oslo-based bank after a six-year term.