• 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 ...
    • 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 ...