Utviklingsbistand blir ofte kritisert for å være ineffektiv. Korrupsjon og dårlige institusjoner knyttet til landet som mottar bistand er blant grunnene som ofte trekkes frem som årsak til dette utfallet. Resultatene til ...

This paper produces a normative evaluation of fiscal rules for a resource-rich economy. Ad hoc fiscal rules might imply substantial welfare costs; the goal is to analyze the magnitude of these costs by quantitatively ...

This paper investigates theoretical implications from a new Keynesian model focusing on the labor market, by imposing them as testable restrictions in an estimated vector error correction model on US data from 1982Q3 to ...

Why do soft budget constraints exist and persist? In this paper we argue that the prevalence of soft budget constraints can be best explained by the political desirability of softness. We develop a political economy model ...

Models of the aggregate unemployment rate have traditionally been estimated from structural models of the labour market or in a linear single-equation framework. However, theory as well as evidence suggest that the ...

The effects of resource rents on the political equilibrium have been studied in two main types of models. The first tradition employs models of conflict, and studies how resource rents affect the intensity and duration of ...

Finansmarkedene bør prise aktiva korrekt. Kun da utøver markedene sin økonomiske hensikt med å effektivt allokere kapital til verdiskapende investeringer, og risiko til de investorene som er villige til å bære den. Følgelig ...

We present an econometric analysis of wage behaviour in Norway during the interwar years. Applying GMM estimation methods to a newly constructed panel of manufacturing industry data, we Þnd that the interwar years do not ...

This paper analyzes the impact of job resources on academic productivity measured by publication and credit points in 53 departments in one large Norwegian university. The theoretical framework is the so-called conservation ...