Hilde C Bjørnland
Dados Biográficos
| ID | 5731560 |
|---|---|
| NOME | Hilde C Bjørnland |
| PRENOMES | Hilde C |
| SOBRENOME | Bjørnland |
| ASSINATURA | BJØRNLAND H C |
| AFILIAÇÕES | BI Norwegian Business School |
| ORCID | 0000-0002-3126-0193 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 7 |
| TOTAL DE CITAÇÕES | 40 |
| OBRAS COMO AUTOR | 7 |
| OBRAS COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1998 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2026 |
| ÍNDICE H | 3 |
Fiscal Policy Regimes in Resource‐Rich Economies
We analyse fiscal policy in resource‐rich economies using a novel Bayesian regime‐switching panel model. The identified regimes capture pro‐ or countercyclical fiscal behaviour by allowing regime‐specific shifts in the average fiscal stance, while the switches between the regimes have the interpretation of changes in fiscal policy. Applying the model to a panel of sixteen oil‐producing economies, we show that fiscal policy has alternated between …
The shale oil boom and the US economy
We provide new evidence that the transmission of oil price shocks to the US economy has changed with the shale oil boom. To show this, we develop a time‐varying parameter factor‐augmented vector autoregressive (FAVAR) model with a large data environment of state‐level, industry, and aggregate US data. The model effectively captures potential spillovers between oil and non‐oil industries, as well as variation over time. Specified in this way, we f…
Inflation Expectations and the Pass-Through of Oil Prices
Inflation expectations and the associated pass-through of oil price shocks depend on demand and supply conditions underlying the global oil market. We establish this result using a structural VAR model of the global oil market that jointly identifies transmissions of oil demand and supply shocks through real oil prices to both expected and actual inflation. We demonstrate that economic activity shocks have a significantly longer-lasting effect on…
Supply flexibility in the shale patch
This paper provides new results to the literature, showing that output flexibility in oil production depends on the extraction technology. In particular, constructing a novel well‐level monthly production dataset covering more than 16,000 crude oil wells in North Dakota, we find supply elasticity of shale wells to be positive and in the range of 0.3–0.9, depending on wells and firms characteristics. We find no such responses for conventional well…
Boom or Gloom? Examining the Dutch Disease in Two-speed Economies
Traditional studies of the Dutch disease do not account for productivity spillovers between the booming resource sector and other domestic sectors. We put forward a simple theory model that allows for such spillovers. We then identify and quantify these spillovers using a Bayesian dynamic factor model. The model allows for resource movements and spending effects through a large panel of variables, while also identifying disturbances to other shoc…
Oil Price Shocks and Stock Market Booms in an Oil Exporting Country
This paper analyses the effects of oil price shocks on stock returns in Norway, an oil‐exporting country, highlighting the transmission channels of oil prices for macroeconomic behaviour. To capture the interaction between the different variables, stock returns are incorporated into a structural VAR model. I find that following a 10% increase in oil prices, stock returns increase by 2.5%, after which the effect gradually dies out. The results are…
The Economic Effects of North Sea Oil on the Manufacturing Sector
This paper analyses the economic effects of the oil and gas sector (energy booms) on manufacturing output in two energy producing countries: Norway and the UK. In particular, I investigate whether there is evidence of a ‘Dutch disease’, that is whether energy booms have had adverse effects on manufactures. In addition to energy booms, three other types of structural disturbances are identified; demand, supply and oil price shocks. The different d…
Oil Price Shocks and Stock Market Booms in an Oil Exporting Country
This paper analyses the effects of oil price shocks on stock returns in Norway, an oil‐exporting country, highlighting the transmission channels of oil prices for macroeconomic behaviour. To capture the interaction between the different variables, stock returns are incorporated into a structural VAR model. I find that following a 10% increase in oil prices, stock returns increase by 2.5%, after which the effect gradually dies out. The results are…
Boom or Gloom? Examining the Dutch Disease in Two-speed Economies
Traditional studies of the Dutch disease do not account for productivity spillovers between the booming resource sector and other domestic sectors. We put forward a simple theory model that allows for such spillovers. We then identify and quantify these spillovers using a Bayesian dynamic factor model. The model allows for resource movements and spending effects through a large panel of variables, while also identifying disturbances to other shoc…
The Economic Effects of North Sea Oil on the Manufacturing Sector
This paper analyses the economic effects of the oil and gas sector (energy booms) on manufacturing output in two energy producing countries: Norway and the UK. In particular, I investigate whether there is evidence of a ‘Dutch disease’, that is whether energy booms have had adverse effects on manufactures. In addition to energy booms, three other types of structural disturbances are identified; demand, supply and oil price shocks. The different d…
The Economic Effects of North Sea Oil on the Manufacturing Sector
This paper analyses the economic effects of the oil and gas sector (energy booms) on manufacturing output in two energy producing countries: Norway and the UK. In particular, I investigate whether there is evidence of a ‘Dutch disease’, that is whether energy booms have had adverse effects on manufactures. In addition to energy booms, three other types of structural disturbances are identified; demand, supply and oil price shocks. The different d…
Oil Price Shocks and Stock Market Booms in an Oil Exporting Country
This paper analyses the effects of oil price shocks on stock returns in Norway, an oil‐exporting country, highlighting the transmission channels of oil prices for macroeconomic behaviour. To capture the interaction between the different variables, stock returns are incorporated into a structural VAR model. I find that following a 10% increase in oil prices, stock returns increase by 2.5%, after which the effect gradually dies out. The results are…
Boom or Gloom? Examining the Dutch Disease in Two-speed Economies
Traditional studies of the Dutch disease do not account for productivity spillovers between the booming resource sector and other domestic sectors. We put forward a simple theory model that allows for such spillovers. We then identify and quantify these spillovers using a Bayesian dynamic factor model. The model allows for resource movements and spending effects through a large panel of variables, while also identifying disturbances to other shoc…
Supply flexibility in the shale patch
This paper provides new results to the literature, showing that output flexibility in oil production depends on the extraction technology. In particular, constructing a novel well‐level monthly production dataset covering more than 16,000 crude oil wells in North Dakota, we find supply elasticity of shale wells to be positive and in the range of 0.3–0.9, depending on wells and firms characteristics. We find no such responses for conventional well…
Inflation Expectations and the Pass-Through of Oil Prices
Inflation expectations and the associated pass-through of oil price shocks depend on demand and supply conditions underlying the global oil market. We establish this result using a structural VAR model of the global oil market that jointly identifies transmissions of oil demand and supply shocks through real oil prices to both expected and actual inflation. We demonstrate that economic activity shocks have a significantly longer-lasting effect on…
The shale oil boom and the US economy
We provide new evidence that the transmission of oil price shocks to the US economy has changed with the shale oil boom. To show this, we develop a time‐varying parameter factor‐augmented vector autoregressive (FAVAR) model with a large data environment of state‐level, industry, and aggregate US data. The model effectively captures potential spillovers between oil and non‐oil industries, as well as variation over time. Specified in this way, we f…
Fiscal Policy Regimes in Resource‐Rich Economies
We analyse fiscal policy in resource‐rich economies using a novel Bayesian regime‐switching panel model. The identified regimes capture pro‐ or countercyclical fiscal behaviour by allowing regime‐specific shifts in the average fiscal stance, while the switches between the regimes have the interpretation of changes in fiscal policy. Applying the model to a panel of sixteen oil‐producing economies, we show that fiscal policy has alternated between …
Economics (6 obras) · Market Dynamics and Volatility (6 obras) · Econometrics (5 obras) · Global Energy and Sustainability Research (5 obras) · Natural Resources and Economic Development (5 obras) · Boom (4 obras) · Engineering (4 obras) · Macroeconomics (4 obras) · Environmental Science (3 obras) · Monetary economics (3 obras)