Phone: +47-22 31 63 38
Fax: +47 22 42 40 62
P.O.Box 1179 Sentrum
Gisle J. Natvik is a Researcher in the Research Unit of Norges Bank. He obtained his Ph.D. at the University of Oslo in 2008. Gisle joined the research department in 2008.
Natvik's research interests lie within macroeconomics, broadly defined, and monetary economics and political economy in particular. His research has focused on how government spending affects the economy, the interplay between fiscal and monetary policy, and how politicians' need for popular support affect their savings decisions.
Natvik's latest projects focus on the interplay between endogenous public policies and financial markets, the effects of publishing interest rate paths, macroeconomic consequences of uncertainty, and the role of credit rating agencies.
"Investment shocks and macroeconomic co-movement"
with Francesco Furlanetto (Norges Bank) and Martin Seneca (Norges Bank).
Journal of Macroeconomics, forthcoming.
Working Paper-version: WP.
"The Political Economy of Fiscal Deficits and Government Production",
European Economic Review, 58 (2013), pp. 81-94.
"Do Re-election Probabilities Influence Public Investment?"
with Jon Fiva (Norwegian School of Management)
Public Choice, forthcoming.
"Government Spending Shocks and Rule-of-Thumb Consumers with Steady State Inequality",
Scandinavian Journal of Economics, forthcoming.
"Government Spending and the Taylor Principle",
Journal of Money, Credit and Banking, vol. 41, no. 1 (February 2009), pp. 57-77.
Discussion of "Official Bailouts of Sovereigns: Seniority, Catalytic Effects and Insolvency" by Christophe Chamley and Brian Pinto,
prepared for the NBER International Seminar on Macroeconomics 2012, forthcoming in conference volume.
"That Uncertain Feeling - How consumption responds to economic uncertainty in Norway",
with Jørgen Gudmundsson (Norges Bank),
Norges Bank Staff Memo, nr 23 2012.
"Om interaksjonen mellom pengepolitikk og tidsvarierende makroregulering av finanssektoren",
Norges Bank Staff Memo, nr 11 2011.
"Credit, Asset prices and monetary policy",
with Leif Brubakk (Norges Bank),
Norges Bank Staff Memo, nr 13 2010.
with Egil Matsen (NTNU) and Ragnar Torvik (NTNU),
Samfunnsøkonomen, nr 2 2010.
Matsen Natvik Torvik_Samfunnsøkonomen 2 2010.pdf
Working papers/Work in progress
"Voting when the Stakes are High"
with Jon Fiva (Norwegian School of Management) and Jørgen Andersen (Norwegian School of Management).
Revise and resubmit, Journal of Public Economics
with Egil Matsen (NTNU) and Ragnar Torvik (NTNU)
"An Equilibrium Model of Credit Rating Agencies",
with Steinar Holden (University of Oslo) and Adrien Vigier (University of Oslo)
"Announcements of Interest Rate Forecasts: Do Policymakers Stick to Them?",
with Nikola Mirkov (Universität St. Gallen)
"Macroeconomic Uncertainty and the Effectiveness of Monetary Policy",
with Knut Are Aastveit (Norges Bank) and Sergio Sola (IMF).
"Self-fulfilling debt crises and time consistent assistance policies",
with Christian Grisse (Swiss National Bank).