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首页> 外文期刊>Journal of world energy law & business >Breaking Brent: Norway's response to the recent oil price shock
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Breaking Brent: Norway's response to the recent oil price shock

机译：打破布伦特原油：挪威对近期油价震荡的回应

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摘要

Many petroleum-producing countries find themselves in dire financial straits after oil's price fall in recent times. This article looks at how Norway has responded to the price shock. Norway's response is particularly interesting in that the country is broadly admired for its capacity to avoid the Paradox of Plenty. As a small open economy, Norway has always had to respond quickly to changes in the global marketplace. To do this, the country developed a number of institutions and policies to facilitate rapid adjustment to international price shocks-and many of these institutions and polices predated Norway's discovery of oil. In particular, Norway's flexible exchange rate regime, its corporatist wage-bargaining framework, and its responsible fiscal policies (along with its ability to tap into a deep sovereign wealth fund) have helped the country minimize the nation's economic pain, but also encouraged a slow transition away from oil and into other export sectors.
机译：在最近的石油价格下跌之后，许多石油生产国发现自己陷入了可怕的金融困境。本文着眼于挪威如何应对价格冲击。挪威的反应特别令人感兴趣，因为该国具有避免大量悖论的能力而广受赞誉。作为一个小型开放经济体，挪威始终必须对全球市场的变化做出快速反应。为此，该国制定了一些机构和政策，以促进对国际价格冲击的迅速调整，而其中许多机构和政策早于挪威发现石油。尤其是，挪威灵活的汇率制度，法团制的工资讨价还价框架以及负责任的财政政策（以及利用强大的主权财富基金的能力）帮助该国最大程度地减轻了国家的经济痛苦，但同时也鼓励了该国的缓慢发展。从石油转向其他出口部门。

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