Norges Bank Watch 2012 An Independent Evaluation of Monetary Policy in Norway Ragnar Torvik Norwegian University of Science and Technology ragnar.torvik@svt.ntnu.no Anders Vredin 1 anders.vredin@gmail.com Bjørn Roger Wilhelmsen Swedbank First Securities bjorn-roger.wilhelmsen@swedbank.no Centre for Monetary Economics BI Norwegian School of Management 28 February 2012 1 Vredin’s contributions to this report were made before February 1, 2012, during Vredin’s time as CEO of SNS (Centre for Business and Policy Studies), Stockholm. During February – April 2012 Vredin will be working as an advisor at Norges Bank.