Research

Papers & publications

Working papers

The Power of Substitution: Short-run Electricity Demand Flexibility
with K. Holtsmark
First version: August 2026
Local Permanent Fiscal Multipliers
with K. Heimdal and A. Kordt
First version: November 2025 · Draft available on request
Tax News and Intertemporal Substitution
with R. Jamilov, M. Jasinski, and P. Nenov
This version: May 2026 · First version: March 2024
Saving after Retirement and Preferences for Residual Wealth
with G. Fella and T. M. Pugh
This version: July 2025 · First version: January 2024
There is no Forward Guidance Puzzle
with S. Ahn
This version: July 2026 · First version: February 2025

Revise & resubmits

Saving Behavior Across the Wealth Distribution: The Importance of Capital Gains
with A. Fagereng, B. Moll, and G. J. Natvik
R&RReview of Economic Studies · This version: June 2025 · First version: December 2019
Online appendix Slides
Fisher Dynamics, Monetary Policy, and Household Indebtedness
with A. Fagereng, M. Gulbrandsen, and G. J. Natvik
Conditionally acceptedJournal of Money, Credit and Banking · This version: September 2026 · First version: November 2021
The Investment Channel of Monetary Policy: Evidence from Norway
with J. Cao, T. Hegna, R. Juelsrud, T. König, and M. Riiser
R&RJournal of Monetary Economics · This version: December 2025 · First version: May 2023
Monetary Transmission to Firm-level R&D
with R. Datsenko
R&RJournal of Monetary Economics · This version: June 2026 · First version: December 2024
Monetary Transmission to Prices: Disaggregated Evidence from Norway
with S. A. Seland
R&RInternational Journal of Central Banking · This version: June 2026 · First version: June 2025
Lønnsandelen i industrien (in Norwegian)
with M. Jasinski
R&RSamfunnsøkonomen · This version: August 2026 · First version: June 2026

Publications

K-Returns to Education
with A. Fagereng, L. Guiso, and L. Pistaferri
European Economic Review, 2026
Published version Replication package
A Parsimonious Model of Idiosyncratic Income
with E. Crawley and H. Tretvoll
International Economic Review, 2025
Published version Replication package
Asset-Price Redistribution
with A. Fagereng, É. Gouin-Bonenfant, M. Gomez, B. Moll, and G. J. Natvik
Journal of Political Economy, 2025
Published version Replication package
Identifying the Depreciation Rate of Durables from Marginal Spending Responses
with J. Cao, C. Cui, V. Dinger, and S. Kang
Journal of Money, Credit and Banking, 2025
Published version Replication package
The Effect of Capacity Constraints on the Slope of the Phillips Curve
with L. O. Lerdalen and D. Vines
Oxford Economic Papers, 2024
Published version Replication package
Monetary Transmission with Income Risk
Scandinavian Journal of Economics, 2023
Published version Replication package
The Transmission of Monetary Policy under the Microscope
with P. Paul and A. Tischbirek
Journal of Political Economy, 2021
Published version Replication package
MPC Heterogeneity and Household Balance Sheets
with A. Fagereng and G. J. Natvik
American Economic Journal: Macroeconomics, 2021
Published version Replication package
Liquidity Constraints and Precautionary Saving
with C. Carroll and M. Kimball
Journal of Economic Theory, 2021
Published version
Housing Wealth in Norway, 1993–2015
with A. Fagereng and K. Torstensen
Journal of Economic and Social Measurement, 2020
Published version
Consumption with Liquidity Constraints: An Analytical Characterization
Economics Letters, 2018
Published version
Restrictions on Wave Equations for Passive Media
with S. Holm
Journal of the Acoustical Society of America, 2017
Published version

Publications in Norwegian

Inflasjon
Samfunnsøkonomen, 2024 · Plenary lecture at Forskermøtet 2024
Replication package
Optimale handlingsregler
Samfunnsøkonomen, 2024
Replication package
Effekten av inntektsusikkerhet på husholdningenes sparing i Norge etter finanskrisen
Samfunnsøkonomen, 2015