Research
Work in Progress
"Paying with Personal Data"
with Thomas Tangerås (Research Institute for Industrial Economics)
"The Housing Channel of Intergenerational Wealth Persistence"
with Ella Getz Wold (BI), Knut Are Aastveit (Norges Bank), Eirik Brandsaas (Fed Board), and Ragnar Juelsrud (Norges Bank)
with Andreas Fagereng (BI), Mattieu Gomez (Columbia University), Émilien Gouin-Bonenfant (Columbia University), Martin Holm (University of Oslo), and Benjamin Moll (London School of Economics)
Revise and resubmit, Journal of Political Economy
"Fisher Effects, Monetary Policy and Household Indebtedness"
with Andreas Fagereng (BI Norwegian Business School) , Magnus Gulbrandsen (Norges Bank) and Martin B. Holm (University of Oslo)
"Saving Behavior across the Wealth Distribution: The Importance of Capital Gains"
with Andreas Fagereng (Statistics Norway), Martin B. Holm (BI Norwegian Business School) and Benjamin Moll (London School of Economics)
Revise and resubmit, Review of Economic Studies
Up-to-date slides here: Slides
On-line appendix: Appendix
"The Inefficient Combination: Competitive Markets, Free Entry, and Democracy"
with Halvor Mehlum (University of Oslo) and Ragnar Torvik (Norwegian Institute of Science Technology)
Revise and resubmit, Journal of Public Economics
"Housing, Debt, and Consumption Responses to Wealth Changes"
with Andreas Fagereng (BI Norwegian Business School) and Jiaxiong Yao (IMF)
Published Articles
"MPC heterogeneity and household balance sheets"
with Andreas Fagereng (BI Norwegian Business School) and Martin B. Holm (University of Oslo)
AEJ Macroeconomics, vol. 13 (2021), pp. 1-56.
"Sovereign Debt Crises and Cross-Country Assistance"
with Christian Grisse (Swiss National Bank)
Oxford Economic Papers, vol. 74 (2022), pp. 178-193.
"Does Publication of Interest Rate Paths Provide Guidance?"
with Dagfinn Rime (BI Norwegian Business School) and Olav Syrstad (Norges Bank)
Journal of International Money and Finance, vol. 103 (2020), pp. 102-123.
"The bank-sovereign nexus: Evidence from a non-bailout episode"
with Massimiliano Caporin (University of Padova), Francesco Ravazzolo (Free University of Bozen Bolzano), and Paolo Santucci de Magistris (LUISS University)
Journal of Empirical Finance, vol. 53 (2019), pp. 181-196.
"Leaning Against the Credit Cycle"
with Paolo Gelain (European Central Bank) and Kevin Lansing (San Francisco Fed)
Journal of the European Economic Association, vol. 16 (2018), pp. 1350-1393.
Original working paper version: click here.
"Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse Engineering Approach"
with Paolo Gelain (European Central Bank) and Kevin Lansing (San Francisco Fed)
Journal of Money, Credit and Banking, vol. 50 (2018), pp. 1751-1783.
"Credit Rating and Debt Crises"
with Steinar Holden (University of Oslo) and Adrien Vigier (University of Oslo)
International Economic Review, vol 59 (2018), pp. 973-987.
Recent version: HoldenVigierNatvik_CRA_fall2017.pdf
"Economic Uncertainty and the Influence of Monetary Policy"
with Knut Are Aastveit (Norges Bank) and Sergio Sola (IMF)
Journal of International Money and Finance, vol. 76 (2017), pp. 50-67.
Original working paper version: click here.
VOX summary: click here.
"Announcements of Interest Rate Forecasts: Do Policymakers Stick to Them?"
with Nikola Mirkov (Swiss National Bank)
Journal of Money, Credit and Banking, vol. 48 (2016), pp. 901-920.
with Egil Matsen (NTNU) and Ragnar Torvik (NTNU)
Journal of Development Economics, vol. 118 (2016), pp. 1-12.
"Voting when the Stakes are High"
with Jon Fiva (BI Norwegian Business School) and Jørgen Andersen (BI Norwegian Business School) .
Journal of Public Economics, 110 (2014), pp. 157-166.
"Investment shocks and macroeconomic co-movement"
with Francesco Furlanetto (Norges Bank) and Martin Seneca (Norges Bank).
Journal of Macroeconomics, 37 (2013), pp. 208-216.
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 (BI Norwegian Business School)
Public Choice, 157 (2013), issue 1-2, pp. 305-331.
[Winner of the Distinguished CESifo Affiliate Award 2009]
"Government Spending Shocks and Rule-of-Thumb Consumers with Steady State Inequality",
Scandinavian Journal of Economics, 114 (2012), issue 4, pp. 1414-1436.
"Government Spending and the Taylor Principle",
Journal of Money, Credit and Banking, vol. 41, no. 1 (February 2009), pp. 57-77.
Other
"Monetary Policy and Household Debt",
with Magnus Gulbrandsen
Nordic Economic Policy Review 2020, p.67-109.
Discussion of "Official Bailouts of Sovereigns: Seniority, Catalytic Effects and Insolvency"
by Christophe Chamley and Brian Pinto,
NBER International Seminar on Macroeconomics 2012, conference volume, edited by F. Giavazzi and K. West, Chicago University Press, 2013.