Norges Bank

External publications

Research economists at Norges Bank regularly publish articles in books or academic journals. The articles are subjected to rigorous quality control by referees before publication.

Forthcoming articles

Aastveit, K. A., Bjørnland, H.C, and Cross, J., "Inflation Expectations and the Pass-Through of Oil Prices". Review of Economics and Statistics

Aastveit, K. A., and Anundsen, A. K., "Asymmetric effects of monetary policy in regional housing markets". American Economic Journal: Macroeconomics

Aastveit, K. A., Cross, J., and van Dijk, H., " Quantifying time-varying forecast uncertainty and risk for the real price of oil". Journal of Business & Economic Statistics

Aastveit, K. A., Albuquerque, B., and Anundsen, A. K.," Changing supply elasticities and regional housing booms". Journal of Money, Credit and Banking

Aastveit, K. A., Furlanetto, F. and Loria, F., "Has the Fed responded to stock prices and house prices? A time-varying analysis". Review of Economics and Statistics

Bergholt, D., Furlanetto, F. and Maffei Faccioli, N., "The Decline of the Labor Share: New Empirical Evidence". American Economic Journal: Macroeconomics

Arbatli-Saxegaard, E. and Juelsrud, R., "Countercyclical Capital Requirements, State Dependence and Macroeconomic Outcomes". International Journal of Central Banking

Bonstandzic, D., Irreserber, F. , Juelsrud, R. and Weiss, G., "Do Higher Capital Requirements Make Banks Safer? Evidence from a Quasi-Natural Experiment". Journal of Financial and Quantitative Analysis

Helland, L., Iachan, F., Juelsrud, R. and Nenov, P., "Information Quality and Regime Change: Evidence from the Lab". Journal of Economic Behavior and Organization

Larsen, V.H., and Thorsrud, L.A., "Asset returns, news topics, and media effects", Scandinavian Journal of Economics.

Ellen, S. ter, Larsen, V.H., and Thorsrud, L.A., "Narrative monetary policy surprises and the media", Journal of Money, Credit & Banking.

Furlanetto, F., Sveen, T. and L. Weinke, "Technology and the Two Margins of Labor Adjustment: A New Keynesian Perspective", forthcoming, Berkley Electronic Journal of Macroeconomics.

Furlanetto, F., Ravazzolo, F. and Sarferaz, S., "Identification of financial factors in economic fluctuations", Economic Journal, forthcoming.

Cao, J. and Dinger, V. "Financial globalization and bank lending: The limit of monetary policy", Journla of Financial and Quantitative Analysis.

Yu, H., Cao, J. and Kang, S. "Fertility cost, grandparental childcare, and female employment", Empirical Economics.



Cao, J., The Economics of Banking. Routledge, UK.

Cao, J. and Illing, G. "Money in the equilibrium of banking", Journal of Money, Credit and Banking, 54(1), February 2022, 119-144.

Cao, J. and Juelsrud, R. E. "Opacity and risk-taking: Evidence from Norway", Journal of Banking and Finance, 134, January 2022.

Ellingsen J., Larsen. V. H., and Thorsrud L. A., "News media vs. FRED-MD for macroeconomic forecasting", Journal of Applied Econometrics, vol. 37, pp. 63-81.


Gelain, P., Furlanetto, F. and Taheri-Sanjani, M., "Output Gap, Monetary Policy Trade-Offs and Financial Frictions", Review of Economic Dynamics, vol. 41, 52-70

Maffei Faccioli, N. and Vella, E., "Does Immigration Grow the Pie? Asymmetric Evidence from Germany", European Economic Review, vol. 138

Alpanda, S., Granziera, E. and Zubairy, S., "State Dependence of Monetary Policy Across Business, Credit and Interest Rate Cycles", European Economic Review, vol. 140

Ellen, S. ter, Hommes, C.H., and Zwinkels, R.C.J., "Comparing behavioural heterogeneity across asset classes", Journal of Economic Behavior & Organization 185, 747-769.

Brubakk, L., Ellen, S. ter, and Xu, H., "Central bank communication through interest rate ptojections", Journal of Banking & Finance 124.

Larsen, V.H.Thorsrud, L.A. and Zhulanova, J.  "News‚Äźdriven inflation expectations and information rigidities", Journal of Monetary Economics 117, 507-520.

Cao, J., Dinger, V., Grodecka-Messi, A., Juelsrud, R., and Zhang, X. "The interaction between macroprudential and monetary policies: The cases of Norway and Sweden", Review of International Economics, 29(1), February 2021, 87-116.

Bussière, M., Cao, J., de Haan, J., Hills, R., Lloyd, S., Meunier, B., Pedrono, J., Reinhardt, D., Sinha, S., Sowerbutts, R., and Styrin, K. "The interaction between macroprudential policy and monetary policy: Overview", Review of International Economics, 29(1), February 2021, 1-19.

Larsen V.H. "Components of uncertainty", International Economic Review, 62(2), 769-788

Galaasen, S.M. "Pension reform disabled" The Scandinavian Journal of Economics, 123(4), 1227-1260

Galaasen, S.M., and A. Irarrazabal, "R&D Heterogeneity and the Impact of R&D Subsidies", The Economic Journal, 131(640), 3338-3364.

Edited 3 February 2020 11:00

Research publications


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Edited 3 February 2020 11:00