• Monetary policy when export revenues drop 

      Bergholt, Drago; Røisland, Øistein; Sveen, Tommy; Torvik, Ragnar (Peer reviewed; Journal article, 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 (Peer reviewed; Journal article, 2023)
    • Savers, Spenders and Fiscal Policy in a Small Open Economy 

      Matsen, Egil; Sveen, Tommy; Torvik, Ragnar (Working Paper Series, 1503-299X; 2004:12, Research report, 2004)
      This paper analyzes the effects of fiscal policy in an open economy. We extend the savers-spenders theory of Mankiw (2000) to a small open economy with endogenous labor supply. We first show how the Dornbusch (1983) ...