• 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 ...
    • Monetary policy when export revenues drop 

      Bergholt, Drago; Røisland, Øistein; Sveen, Tommy; Torvik, Ragnar (Journal article; Peer reviewed, 2023)
      We study how monetary policy should respond to shocks that permanently alter the steady state structure of the economy. In such a case monetary policy affects not only the short run misallocations due to nominal rigidities, ...
    • Samspillet mellom penge- og finanspolitikken i en liten, åpen økonomi 

      Røisland, Øistein; Sveen, Tommy; Torvik, Ragnar (Journal article; Peer reviewed, 2023)
      Vi utvikler en teori for det optimale samspillet mellom penge- og finanspolitikken i konjunkturstyringen. Mens en i utgangspunktet kunne tro at penge- og finanspolitikken bør dra konjunkturene i samme retning, viser vi at ...