• Supply flexibility in the shale patch: Evidence from North Dakota 

      Bjørnland, Hilde C.; Nordvik, Frode Martin; Rohrer, Maximilian (Journal article; Peer reviewed, 2021)
      This paper provides new results to the literature, showing that output flexibility in oil production depends on the extraction technology. In particular, constructing a novel well-level monthly production dataset covering ...
    • Supply flexibility in the shale patch: Facts, no fiction 

      Bjørnland, Hilde C. (CAMP Working Paper Series;08/2019, Working paper, 2019-11-18)
      In two recent papers, Kilian and Zhou (2019) and Kilian (2019) have criticized Bjørnland, Nordvik, and Rohrer (2017), arguing that our finding of a large price elasticity of output for shale producers is not credible. We ...
    • The Shale Oil Boom and the U.S. Economy: Spillovers and Time-Varying Effects 

      Bjørnland, Hilde C.; Zhulanova, Julia (CAMP Working Paper Series Paper No. 8/2018;, Working paper, 2018-10-16)
      We analyze if the transmission of oil price shocks in the U.S. economy has changed as a result of the shale oil boom. To do so we allow for spillovers at the state level, as well as aggregate country level effects. We ...
    • The world is not enough! Small open economies and regional dependence 

      Aastveit, Knut Are; Bjørnland, Hilde C.; Thorsrud, Leif Anders (CAMP Working Paper Series;3/2011, Working paper, 2011)
      This paper bridges the new open economy factor augmented VAR (FAVAR) studies with the recent findings in the business cycle synchronization literature emphasizing the importance of regional factors. That is, we estimate ...
    • What drives oil prices? Emerging versus developed economies 

      Aastveit, Knut Are; Bjørnland, Hilde C.; Thorsrud, Leif Anders (CAMP Working Paper Series;2/2012, Working paper, 2012)
      We analyze the importance of demand from emerging and developed economies as drivers of the real price of oil over the last two decades. Using a factor-augmented vector autoregressive (FAVAR) model that allows us to ...