Svein gjedrem biography
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Norges Group of actors Conference: Banking Crisis Resolution
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Norway's Gjedrem: Business cycles, monetary policy
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Svein Gjedrem
Norwegian economist (born 1950)
Svein Ingvar Gjedrem (born 25 January 1950 in Finnøy) is a Norwegian economist and former Governor of the Central Bank of Norway.
He graduated in political economy from the University of Oslo in 1975, worked as a consultant in the Central Bank of Norway from 1975 to 1979 and in the Ministry of Finance from 1979 to 1998. He served two terms as Central Bank Governor from 1 January 1999.[1] In June 2011, Gjedrem got his position as permanent under-secretary of the Ministry of Finance back. He remained here until 2015.
In the late 1960s and early 1970s Gjedrem played football for Viking and Lyn.[1]
Gjedrem’s successor as Governor of the Central Bank of Norway was Øystein Olsen who was appointed in October 2010 and took over on 1 January 2011.[2]
Gjedrem has accepted a part-time position at the Norwegian School of Economics and Business Administration, and started teaching in 2011.
References
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Svein Gjedrem
Svein Ingvar Gjedrem is a Norwegian economist and former Governor of the Central Bank of Norway.
Background
In the late 1960s and early 1970s Gjedrem played football for Viking and Lyn.[1]
He graduated in political economy from the University of Oslo in 1975.
Career
Gjedrem worked as a consultant in the Central Bank of Norway from 1975 to 1979 and in the Ministry of Finance from 1979 to 1998. He served two terms as Central Bank Governor from 1 January 1999.[1] In June 2011, Gjedrem got his position as permanent under-secretary of the Ministry of Finance back. He remained here until 2015.
While Gjedrem was head of Norges Bank, there were major changes in Norwegian monetary policy. In January 1999, shortly after taking up his position as Governor of the Central Bank, he announced that he would steer towards an inflation target of 2% instead of the previous target of a stable exchange rate against European currencies. In March 2001, the Stoltenberg I government issued a new regulation, which set the operational target for monetary policy at 2.5%.
Gjedrem’s successor as Governor of the Central Bank of Norway was Øystein Olsen who was appointed in October 2010 and took over on 1 January 2011.[2]
Gjedrem has accepted a part-time posit