Research
Reports, working papers
Economic consequences of the pandemic – The Nordic countries. Report to the Swedish Corona commission. Joint with Torben Andersen and Seppo Honkapohja.
A new model for wage formation in Iceland. Report commissioned for the Salek group (a broad alliance of the social partners in Iceland). August 2016. Memorandum 3/2019.
"Successful fiscal adjustments. Does choice of fiscal instrument matter?" (with Nina Larsson Midthjell), September 2013.
"The Interaction of Labor Markets and Inflation: Micro Evidence from the International Wage Flexibility Project". (with William T. Dickens, Lorenz Götte, Erica L. Groshen, Julián Messina, Mark E. Schweitzer, Jarkko Turunen and Melanie Ward-Warmedinger), preliminary version February 2007, in PDF format.
"Wage differentiation via subsidised general training". (with V. Bhaskar), revised version June 2004, in PDF format.
Artikler på norsk
Justering av handlingsregelen - uttak fra Oljefondet basert på kontantstrømmer? Samfunnsøkonomen nr 4, 2022, 69-80.
COVID-19, tapt verdiskaping og finanspolitikkens rolle (del II). Rapport 2022/15 fra Statistisk sentralbyrå. Utredning for Koronakommisjonen. Med Thomas von Brasch, Ådne Cappelen, Eirik L. Lindstrøm og Julia Skretting.
Covid -19 og makroøkonomisk politikk. Samfunnsøkonomen nr 3/2021, 45-58. Med Fredrik Wulfsberg.
COVID-19, tapt verdiskaping og finanspolitikkens rolle. SSB Rapport 2021/13. Med Geir H. M. Bjertnæs, Thomas von Brasch, Ådne Cappelen, Erling Holmøy, Olav Slettebø, Pål Sletten og Julia Zhulanova.
Revidert mandat for pengepolitikken. Samfunnsøkonomen 2017, nr 2, 29-38. (Mindre endringer av kapittel i Arbeidsnotat 2017/4, basert på Finansdepartementets konferanse Erfaringer med inflasjonsmål for pengepolitikken 6. januar 2017.
Valg av kapitaliseringsrente i erstatningssaker. (Sammen med Thore Johnsen og Espen Moen). Samfunnsøkonomen 2016, nr 6, 18-32.
På tide å revidere handlingsregelen. Samfunnsøkonomen 2016, nr 5, 21-26.
"Frontfagsmodellen - fortsatt egnet?" I Fred er dog det beste. Riksmekleren gjennom hundre år. Dalseide, N. (red). 2016, Pax forlag.
"Diskriminering og selvoppfyllende forventninger". Samfunnsøkonomen 2014, nr 9, 60-61.
"Lønnsdannelsen og utfordringer for norsk økonomi." Samfunnsøkonomen 2014, nr 1, 4-8.
"Euro i Norge?" I Euroen i krise? Europabevegelsen, 2013, side 100-107. Identisk manuskript.
"Arbeid til alle?" Samfunnsøkonomen nr 9, 82-94, 2012 (sammen med Simen Markussen og Knut Røed). Nesten identisk versjon.
"Gjeldskrisen i Europa - Bakgrunn og lærdommer". Temaartikkel i Folketrygdfondets årsrapport 2011, side 78-85.
Fotball-VM på betal-TV?. Samfunnsøkonomen nr. 6, 2011. I PDF-format.
Krise i økonomifaget?. Praktisk Økonomi & Finans 26, 3, 17-24, 2010.
Pengepolitikken etter finanskrisen. Samfunnsøkonomen nr 4, 15-23 , 2010
"Finanskrisen - årsaker og mekanismer". Samfunnsøkonomennr 4, 4-10, 2009.
"Finanskrisen - hvordan kunne det skje?" Søkelys på arbeidslivetnr 1, 26, 2009, 125-133.
"Læreplanen i videregående skole", Aktuell kommentar i Samfunnsøkomennr 2, 4-6, 2008.
"Nobels minnepris i økonomi - Edmund S. Phelps. Økonomisk Forumnr 4, 23-30, 2007, i PDF format.
"Raskere renteøkning - nå!" Økonomisk forumnr 7, 2006, side 48-52, i web format.
"Kortere arbeidsdag bedre liv eller trussel mot velferdsstaten?", Søkelys på arbeidsmarkedet23, 2006, 83-87, i PDF format.
"Om god og dårlig deflasjon". Økonomisk forumnr 6, 2004, side 14-15, i pdf format.
"Om virkninger av bruk av oljeinntekter på næringsstrukturen". notat 25. januar 1999, i PDF format.
"Kronekurs og valutakursregime - må kronen appresiere?", Sosialøkonomen51, nr 5, 1997, 2-8.
"Nytt avgiftssystem kan gi dyrere biler". Sosialøkonomen50, nr 4, 1996, 30-36.
"Norsk EU-medlemskap - konsekvenser for arbeidsledigheten". Sosialøkonomen 48, nr 7/8, 22-27, 1994.
"Inflasjon og arbeidsledighet - Om tolkning av empiriske funn og implikasjoner for økonomisk politikk". Sosialøkonomen 47, nr 9, 10-15, 1993. Debatt
"Spill mellom fagforeninger og regjering". Norsk Økonomisk Tidsskrift 104, 1990, 289-30.
PhD thesis, submitted January 1990
Chapter 2 Non-cooperative wage bargaining. Shorter version later published in "A letter to the Editor on wage bargaining". Journal of Economic Theory 52, 1990, 232-236. With Hans Haller.
Chapter 3 "Local and central wage bargaining". Scandinavian Journal of Economics 90, 1988, 93-99.
Chapter 4 Wage drift and bargaining. Revised version published in Economica 56, 1989, 419-432.
Chapter 5 A bargaining theory of inflation (Chapter 5 and 6 in PDF-format) Revised version published with title “Wage bargaining, holdout, and inflation" in Oxford Economic Papers 49, 1997, 235-255
Chapter 6 Wage bargaining and efficiency wages: Some implications for tests of trade union models (Chapter 5 and 6 in PDF-format)
Publications
Economic developments and policies during the COVID-19 crisis – Nordic experiences. (With Torben M. Andersen and Seppo Honkapohja). Nordic Economic Policy Review 2022.
"Credit rating and debt crises". (with Gisle James Natvik and Adrien Vigier), International Economic Review 59 (2), 973-983, May 2018, (almost identical working paper version).
"Do government purchases affect unemployment?" (with Victoria Sparrman), Scandinavian Journal of Economics 120 (1), 2018.(almost identical working paper version). Online Appendix.
"Discrimination and employment protection" (with Åsa Rosén), Journal of European Economic Association 12(6), 1676-1699, 2014. Online Appendix.
"Behavioral economics and macroeconomic models". (with John C. Driscoll). Journal of Macroeconomics 41, September 2014, 133-147.
"Wage rigidity, institutions, and inflation". (with Fredrik Wulfsberg), Scandinavian Journal of Economics 116 (2), 539-569, 2014. Stata-code.
"Large vs. small players: A closer look at the dynamics of speculative attacks" (with Geir H. Bjønnes, Dagfinn Rime, Haakon O.Aa. Solheim), Scandinavian Journal of Economics116(2), 506-538, 2014.
"Avoiding the resource curse. The case Norway". Energy Policy 63, December 2013, 870-876.
"Do choices affect preferences? Some doubts and new evidence." Journal of Applied Social Psychology 43, 1, January 2013, 83-94. "Almost identical working paper version".
"Contract adjustment under uncertainty". (with Helge Holden and Lars Holden). Journal of Economic Dynamics and Control 34, 2010,657-680 identical working paper version.
"How strong is the macroeconomic case for downward real wage rigidity?" (with Fredrik Wulfsberg), Journal of Monetary Economics Vol. 56:4; May 2009, 605-615, working paper including data appendix in PDF format.
"The three outsiders and the monetary union". Chapter in EMU at ten. Should Denmark, Sweden and the UK join? (Swedish) SNS Förlag. Chapter 6 in the report by SNS Economic Policy Group, consisting of Harry Flam (chairman), Antonio Fatas, Steinar Holden, Tullio Jappeli, Ilian Mihov, Marco Pagano and Charles Wyplosz.
"Downward nominal wage rigidity in the OECD" (with Fredrik Wulfsberg), The B.E. Journal of Macroeconomics (Advances) Vol. 8 (2008) : Iss. 1, Article 15. working paper version. handout. Stata code.
"Editors Preface. (With Robert Hall, Nils Gottfries, Espen Moen and Christian Schultz). Special Issue on Macroeconomic Fluctuations and the Labor Market. Scandinavian Journal of Economics 109 (4), 643-644.
"How wages change: micro evidence from the International Wage Flexibility Project", by William T. Dickens, Lorenz Götte, Erica L. Groshen, Steinar Holden, Julián Messina, Mark E. Schweitzer, Jarkko Turunen and Melanie Ward-Warmedinger, Journal of Economic Perspectives, 21, 2, Spring 2007, 195-214, working paper version in PDF format.
"Monetary regimes and the co-ordination of wage setting". European Economic Review 49, 2005, 833-843, almost identical working paper version in PDF format.
Editors Preface. (With Ernst Fehr and Christian Schultz). Special Issue on Behavioral Economics. Scandinavian Journal of Economics 106 (3), 391-392.
"Behavioural macroeconomics and the aggregate supply puzzle". The Nordic Journal of Political Economy 30 (1), 2004, 27-36, almost identical working paper version in PDF format.
"Wage formation under low inflation". In Collective Bargaining and Wage Formation - Challenges for an European Labour Market, H. Piekkola and K. Snellman (eds), Springer-Verlag, 2004, pp 39-58. working paper version in PDF format.
"Fairness and inflation persistence". (with John Driscoll). Journal of European Economic Association 2, (2-3), Papers and Proceedings, 2004, 240-251.
"The costs of price stability - downward nominal wage rigidity in Europe", Economica 71, 2004, 183-208. In PDF format.
"Inflation persistence and relative contracting", (with John Driscoll), American Economic Review 93, September 2003, 1369-1372.
"Wage setting under different monetary regimes", Economica 70, 2003, 251-266, in PDF format.
"Stabilization policy in an open economy", (with Torben M. Andersen), Journal of Macroeconomics 24, 2002, 293-312, almost identical working paper version in PDF format.
"Measuring structural unemployment: NAWRU-estimates in the Nordic countries", (with Ragnar Nymoen), Scandinavian Journal of Economics 104, 2002, 87-104, In PDF format .
"Does price stability exacerbate labour market rigidities in the EMU?", Empirica 28, 2001, 401-417, almost identical working paper version in PDF format.
"Noisy signals in target zone regimes", (with Dag Kolsrud), European Economic Review 43, 1999, 1531-1567. In PDF format.
"Renegotiation and the efficiency of investments", Rand Journal of Economics 30, 1999, Spring, 106-119, In PDF format.
"Wage drift and the relevance of centralised wage setting". Scandinavian Journal of Economics 100, 1998, 711-731, In PDF format.
"Measures to improve wage formation in Sweden. Comments on proposals regarding mediation and conflict resolution", (with Karl Ove Moene), bilag til SOU 1998:141 Medling och lönebildning, English version in PDF format
"Sticky Consumption and Rigid Wages", (with Tore Ellingsen). In: Brakman, S H. van Ees and S.K. Kuipers (Eds.) Market Behaviour and Macroeconomic Modelling. MacMillan, Basingstoke. 1998, pp. 183–200. In PDF format.
"Ratifying quorum and bargaining power". International Economic Review 38, 1997, pp 825-851. With Hans Haller. In PDF format.
"Optimal contract length in a reputational model of monetary policy". European Economic Review 41, 1997, pp 227-243. With Chris Ellis. In PDF format.
"Wage bargaining, holdout, and inflation". Oxford Economic Papers 49, 1997, 235-255. In PDF format.
"The credibility of a fixed exchange rate. How reputation is gained and lost". Scandinavian Journal of Economics 98, 1996, 485-502. With Birger Vikøren. In PDF format.
"Wage bargaining and nominal rigidities". European Economic Review 38, 1994, 1021-1039. In PDF format.
"Interest rates in the Nordic countries: A test based on devaluation expectations". Scandinavian Journal of Economics 96, 1994, 15-30. With Birger Vikøren. In PDF format.
"Entry into a new market: A game of timing". International Journal of Industrial Organization 12, 1994, 549-568. With Christian Riis.
"Bargaining and commitment in a permanent relationship". Games and Economic Behavior 7, 1994, 169-176.
"Network or pay-per-view? A welfare analysis". Economics Letters 43, 1993, 59-64.
"Wage moderation and union structure". Oxford Economic Papers 43, 1991, 409-423. With Oddbjørn Raaum. In PDF format.
"Exchange rate policy and wage formation in an economy with many trade unions". European Economic Review 35, 1991, 1543-1557. In PDF format.
"Insiders and outsiders in labour market models". Journal of Economics 52, 1990, 43-54.
"A letter to the Editor on wage bargaining". Journal of Economic Theory 52, 1990, 232-236. With Hans Haller.
"Wage drift and bargaining: Evidence from Norway". Economica 56, 1989, 419-432. In PDF format.
"Local and central wage bargaining". Scandinavian Journal of Economics 90, 1988, 93-99.