Blar i Centre for Applied Macro- and Petroleum economics (CAMP) på forfatter "Røisland, Øistein"
-
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, ...