• Do Central Banks Respond Timely to Developments in the Global Economy? 

      Bjørnland, Hilde C; Thorsrud, Leif Anders; Zahiri, Sepideh Khayati (Journal article; Peer reviewed, 2019)
      Our analysis suggests; they do not! We arrive at this conclusion by showing that revisions to the published interest rate path projections from the central banks in New Zealand, Norway and Sweden can be predicted by timely ...
    • Do central banks respond to exchange rate movements? A Markov-switching structural investigation of commodity exporters and importers 

      Alstadheim, Ragna; Bjørnland, Hilde C; Maih, Junior (Journal article; Peer reviewed, 2021)
      We analyse whether central banks in small open commodity exporting and importing countries respond to exchange rate movements, taking into consideration that there may be structural changes in parameters and volatility. ...
    • Dutch disease dynamics reconsidered 

      Bjørnland, Hilde C; Thorsrud, Leif Anders; Torvik, Ragnar (Journal article; Peer reviewed, 2019)
      In this paper we develop the first model to incorporate the dynamic productivity consequences of both the spending effect and the resource movement effect of oil abundance. We show that doing so dramatically alters the ...
    • Et ekspansivt budsjett, preget av usikkerhet 

      Bjørnland, Hilde C (Journal article, 2020)
      ‘Regjeringen lot seg ikke lede inn i fristelsen, men har levert et overraskende nøkternt budsjett…’, kunne man lese i en kommentar i E24 etter at regjeringen la frem nasjonalbudsjettet 7. oktober. Og mange av kommentarene ...
    • Inflation expectations and the pass-through of oil prices 

      Cross, Jamie; Bjørnland, Hilde C; Aastveit, Knut Are (Journal article; Peer reviewed, 2021)
      Inflation expectations and the associated pass-through of oil price shocks depend on demand and supply conditions underlying the global oil market. We establish this result using a structural VAR model of the global oil ...