• Commodity prices and fiscal policy design: Procyclical despite a rule 

      Bjørnland, Hilde C.; Thorsrud, Leif Anders (CAMP Working Paper Series;5/2015, Working paper, 2015)
      We analyse if the adoption of a fiscal spending rule insulates the domestic economy from commodity price fluctuations in a resource-rich economy. To do so we develop a time-varying Dynamic Factor Model, in which we allow ...