Browsing Centre for Applied Macro- and Petroleum economics (CAMP) by Author "Røisland, Øistein"

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    • The interplay between monetary and fiscal policy in a small open economy 

      Røisland, Øistein; Sveen, Tommy; Torvik, Ragnar (CAMP Working Paper Series;07/2023, Working paper, 2023-08)
      We develop a theory for the optimal interaction between monetary and fiscal policy. While one might initially think that monetary and fiscal policy should pull in the same direction, we show within a simple model that this ...

    • Monetary policy when export revenues drop 

      Bergholt, Drago; Røisland, Øistein; Sveen, Tommy; Torvik, Ragnar (CAMP Working Paper Series;04/2022, Working paper, 2022-11)
      We study how monetary policy should respond to shocks which 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, ...