Homepage of Ragnar Torvik

Most recent working papers

“Fear and Dreams: Understanding the non-Institutional sources of leader strategy” (with Maria Angelica Bautista, University of Chicago, Juan Sebastian Galan, Universidad de los Andes, James A. Robinson, University of Chicago, and Rafael F. Torres, University of Chicago).

“Should Monetary and Fiscal Policy Pull in the same Direction?” (with Drago Bergholt, Norges Bank, Øistein Røisland, Norges Bank, and Tommy Sveen, BI Norwegian Business School).

“On the Political Economy of Autocratic Land Reform” (with Rob Davies, Kalle Moene and Halvor Mehlum, University of Oslo).

“Land redistribution as vote buying” (with Rob Davies, Kalle Moene and Halvor Mehlum, University of Oslo).


International publications

58. ”The Impossible Trinity: Competitive Markets, Free Entry, and Efficiency”, Journal of Public Economics, 2024, 239, 105240 (with Halvor Mehlum, University of Oslo, and Gisle James Natvik, BI Norwewgian Business School).

57. ”Monetary policy when export revenues drop”, Journal of International Money and Finance, 2023, 137, 102893 (with Drago Bergholt, Norges Bank, Øistein Røisland, Norges Bank, and Tommy Sveen, BI Norwegian Business School).

56. “The macroeconomics of COVID-19: a two sector interpretation”, Review of Keynesian Economics Development, 2021 (with Rob Davies, Kalle Moene and Halvor Mehlum, University of Oslo).

55 . “The political agenda effect and state centralization”, Journal of Comparative Economics, 2020, 48, 749-778 (with Daron Acemoglu, MIT, and James A. Robinson, University of Chicago).

54. “Formal Institutions and Development in Low-Income Countries: Positive and Normative Theory”, in Jean-Marie Baland, Francois Bourguignon, Jean-Philippe Platteau and Thierry Verdier (eds.), 2020, The Handbook of Economic Development and Institutions, Princeton University Press.

53. “Growth with Age-Dependent Preferences”, Journal of International Trade & Economic Development, 2020 (with Halvor Mehlum, University of Oslo, and Simone Valente, University of East Anglia).

52 . “How the Zimbabweans pay for the war against COVID-19”, EDI COVID-19 Essay Series, 2020,(with Rob Davies, Kalle Moene and Halvor Mehlum, University of Oslo).

51. “Dutch Disease Dynamics Reconsidered”, European Economic Review, 2019, 119, 411-433 (with Hilde C. Bjørnland and Leif Anders Thorsrud, BI Norwegian Business School).

50. “Should Developing Countries Establish Petroleum Funds?”, The Energy Journal, 2018, 31(4), 85-101.

49. “Oil Prices and the Exchange Rate: Optimal Monetary Policy for Oil-Exporting Countries”, in Rabah Arezki, Raouf Boucekkine, Jeffrey Frankel, Mohammed Laksaci and Rick van der Ploeg (eds.), 2018, Rethinking the Macroeconomics of Resource-Rich Countries, CEPR Press, Chapter 6.

48. “The Political Economy of Public Income Volatility: With an Application to the Resource Curse”, Journal of Public Economics, 2017, 243-252 (with James A. Robinson, University of Chicago, and Thierry Verdier, Paris School of Economics).

47. “The Savings Multiplier”, Journal of Monetary Economics 2016, 83, 90-105 (with Halvor Mehlum, University of Oslo, and Simone Valente, University of East Anglia).

46. “Petro Populism”, Journal of Development Economics, 2016, 1-12 (with Egil Matsen, Norwegian University of Science and Technology, and Gisle J. Natvik, BI Norwegian Business School).

45. “Endogenous Presidentialism”, Journal of the European Economic Association, 2016, 907-942 (with James A. Robinson, University of Chicago).

44. “The Need for Enemies”, The Economic Journal, 2016, 1018-1054 (with Leopoldo Fergusson, Universidad de los Andes, James A. Robinson, Harvard University, and Juan F. Vargas, Universidad del Rosario).

43. “Local Natural Resource Curse?”, Journal of Public Economics, 2015, 131, 101-114 (with Lars-Erik Borge and Pernille Parmer, Norwegian University of Science and Technology)

42. “Political foundations of the resource curse: A simplification and a comment”, Journal of Development Economics, 2014, 194-198 (with James A. Robinson, Harvard University, and Thierry Verdier, Paris School of Economics).

41. “Why do voters dismantle checks and balances?”, Review of Economic Studies, 2013, 845-875 (with Daron Acemoglu, MIT, and James A. Robinson, Harvard University). For online Appendix see here: “Online Appendix: Why do voters dismantle checks and balances?: extensions and robustness”.

40. “Institutional comparative statics”, in Daron Acemoglu, Manuel Arellano and Eddie Dekel (eds.), 2013, Advances in Economics and Econometrics, Cambridge University Press: New York, 97-134 (with James A. Robinson, Harvard University).

39. “Overconfidence, Monetary Policy Committees and Chairman Dominance”, Journal of Economic Behavior & Organization, 2012, 699-711 (with Carl Andreas Claussen, Sveriges Riksbank - Central Bank of Sweden, Egil Matsen, Norwegian University of Science and Technology, and Øistein Røisland, Norges Bank - Central Bank of Norway).

38. “Mineral rents and social development in Norway”, in Katja Hujo (ed.), 2012, Mineral Rents and the Financing of Social Policy. Opportunities and Challenges, Palgrave Macmillan, 155-184 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).

37. “When is democracy an equilibrium? Theory and evidence from Colombia’s La Violencia”, Journal of Conflict Resolution, 2011, 366-396 (with Marion Chacon, New York University Abu Dhabi and James A. Robinson, Harvard University).

36. “The political economy of reform in resource rich countries”, in Rabah Arezki, Thorvaldur Gylfason and Amadou Sy (eds.), 2011, Beyond the Curse. Policies to Harness the Power of Natural Resources, IMF, 237-255.

35. “A political economy theory of the soft budget constraint”, European Economic Review, 2009, 786-798 (with James A. Robinson, Harvard University).

34. “The real swing voter’s curse”, American Economic Review P&P, 2009, 310-315 (with James A. Robinson, Harvard University).

33. “Why do some resource-abundant countries succeed while others do not?”, Oxford Review of Economic Policy, 2009, 241-256.

32. “Savers, spenders and fiscal policy in a small open economy”, The B.E. Journal of Macroeconomics, 2007, Vol. 7, Issue 1, Article22 (Topics) (with Egil Matsen, Norwegian University of Science and Technology, and Tommy Sveen, Norges Bank - Central Bank of Norway)

31. “A theory of civil conflict and democracy in rentier states”, Scandinavian Journal of Economics, 2006, 571-585 (with Silje Aslaksen, Norwegian University of Science and Technology).

30. “Political foundations of the resource curse”, Journal of Development Economics, 2006, 447-468 (with James A. Robinson, Harvard University, and Thierry Verdier, Paris School of Economics). For an alternative model formulation see here: Political foundations of the resource curse: an alternative formulation.

29. “Cursed by resources or institutions?”, World Economy, 2006, 1117-1031 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).

28. “Poverty and crime in 19th century Germany”, Journal of Urban Economics, 2006, 370-388 (with Halvor Mehlum, University of Oslo, and Edward Miguel, University of California, Berkeley).

27. “Institutions and the Resource Curse”, The Economic Journal, 2006, 1-20 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).

26. “Parasites”, in S. Bowles and K. Hoff (ed.), 2006, Poverty Traps, Princeton University Press, (with Halvor Mehlum and Karl Ove Moene, University of Oslo).

25. “Should inflation-targeting central banks care about traded and non-traded sectors?”, ICFAI Journal of Bank Management, 2006 (with Kai Leitemo, Norwegian School of Management, and Øistein Røisland, Norges Bank - Central Bank of Norway).

24. “Optimal Dutch disease”, Journal of Development Economics, 2005, 494-515 (with Egil Matsen, Norwegian University of Science and Technology).

23. “Monetary Policy Rules and the Exchange Rate Channel”, Applied Financial Economics, 2005, 1165-1170 (with Kai Leitemo, Norwegian School of Management, and Øistein Røisland, Norges Bank - Central Bank of Norway).

22. “White Elephants”, Journal of Public Economics, 2005, 197-210 (with James A. Robinson, Harvard University).

21. ”Crime Induced Poverty Traps”, Journal of Development Economics, 2005, 325-340 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).

20. ”Exchange rate versus inflation targeting: A theory of output fluctuations in traded and non-traded sectors”, Journal of International Trade & Economic Development, 2004, 265-285 (with Øistein Røisland, Norges Bank - Central Bank of Norway).

19. ”Predator or Prey? Parasitic enterprises in economic development”, European Economic Review, 2003, 275-294 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).

18. “Destructive creativity”, Nordic Journal of Political Economy, 2003, 77-83 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).

17. “Optimum currency areas under inflation targeting”, Open Economies Review, 2003, 99-118 (with Øistein Røisland, Norges Bank - Central Bank of Norway).

16. ”Interactions between agriculture and industry: Theoretical analysis of the consequences of discriminating agriculture in sub-Saharan Africa”, Review of Development Economics, 2003, 138-151 (with Jørn Rattsø, Norwegian University of Science and Technology).

15. ”Natural resources, rent-seeking and welfare”, Journal of Development Economics, 2002, 455-470.

14. “Time inconsistency and the exchange rate channel of monetary policy”, Scandinavian Journal of Economics, 2002, 391-397 (with Kai Leitemo, Norwegian School of Management, and Øistein Røisland, Norges Bank - Central Bank of Norway).

13. “Plunder & Protection Inc.”, Journal of Peace Research, 2002, 447-459 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).

12. “Market-based extortion”, Newsletter of the American Political Science Association Organized Section in Comparative Politics, APSA-CP 13(1), 2002 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).

11. ”Trade liberalization and investment response in Zimbabwe", in C. Mumbengegwe (ed.), 2002, Macroeconomic and Structural Adjustment Policies in Zimbabwe, Palgrave, UK, 195-220 (with Halvor Mehlum, University of Oslo,  and Jørn Rattsø, Norwegian University of Science and Technology).

10. ”Learning by doing and the Dutch disease”, European Economic Review, 2001, 285-306.

9. ”The macroeconomics of foreign aid in sub-Saharan Africa: Dutch disease effects reconsidered”, in K. Gupta (ed.), 1999, Foreign Aid: New Perspectives, Kluwer Academic Publishers: Boston, 255-274 (with Jørn Rattsø, Norwegian University of Science and Technology).

8. ”Zimbabwean trade liberalisation: ex post evaluation”, Cambridge Journal of Economics, 1998, 325-346 (with Jørn Rattsø, Norwegian University of Science and Technology).

7. ”Economic openness, trade restrictions and external shocks: modelling short run effects in Sub-Saharan Africa”, Economic Modelling, 1998, 257-286 (with Jørn Rattsø, Norwegian University of Science and Technology).

6. ”Short-run consequences of trade liberalization: a computable general equilibrium model of Zimbabwe”, Journal of Policy Modeling, 1998, 305-333 (with Rob Davies, University of Zimbabwe, and Jørn Rattsø, Norwegian University of Science and Technology).

5. ”Real exchange rate dynamics and trade liberalization: the case of multiple tariffs and unemployment”, Journal of International Trade & Economic Development, 1997, 329-344.

4. ”Agricultural supply-led industrialization: a macromodel with sub-Saharan African characteristics”, Structural Change and Economic Dynamics, 1997, 351-370.

3. ”The macroeconomics of Zimbabwe in the 1980s: a CGE-model analysis”, Journal of African Economies, 1994, 153-198 (with Rob Davies, University of Zimbabwe, and Jørn Rattsø, Norwegian University of Science and Technology).

2. ”Trade policy under a binding foreign exchange constraint”, Journal of International Trade & Economic Development, 1994, 15-31.

1. ”Talent, growth and income distribution”, Scandinavian Journal of Economics, 1993, 581-596.

 

Some international media coverage of my research: Der Spiegel, Die Zeit, Le Monde, New York Times, The Independent, CNN

 

Selected publications in Norwegian

13. ”Samspillet mellom penge- og finanspolitikken i en liten åpen økonomi”, Samfunnsøkonomen 2023, 6, 41-52 (med Øistein Røisland og Tommy Sveen).

12. ”Etterspørel og Tilbud i Koronaens Tid”, Samfunnsøkonomen 2020, 2, 24-34 (med Halvor Mehlum).

11. ”Ny Teknologi, Produktivitetsvekst og Renter”, Samfunnsøkonomen 2019, 3, 40-48. (Tildelt Artikkelprisen 2019)

10. ”Pengepolitikk eller Finanspolitikk i Konjunkturstyringen?”, Samfunnsøkonomen, 2017, 4, 21-27.

9. ”Mål for arbeidsledigheten: Avvik, årsaker og supplerende indikatorer”, Finansdepartementet, Arbeidsnotat 2017/8. (med Ulf Andersen, Ådne Cappelen, Einar W. Nordbø, Helge Nome Næsheim og Johannes Sørbø).

8. ”Virkninger av finanspolitikken på aktivitet, omstilling og vekstevne”, Finansdepartementet, Arbeidsnotat 2016/1.

7. ”Realvalutakurs og Oljeprisfall”, Samfunnsøkonomen, 2016, 41-49.

6. ”Pengepolitikk i en Oljeøkonomi”, Samfunnsøkonomen, 2015, 34-45.

5. ”Finanspolitiske Råd”, Samfunnsøkonomen, 2010, 11-19 (med Egil Matsen og Gisle Natvik).

4. ”Realvalutakurs og innfasing av oljeinntekter” I Ø. Eitrheim og K. Gulbrandsen (red.), 2003, Hvilke faktorer kan forklare utviklingen i valutakursen?, Norges Banks Skriftserie Nr. 31.

3. ”Pengepolitisk regime og konkurranseutsatt sektor”. I  J. F. Qvigstad og Ø. Røisland (red.), 2000, Perspektiver på pengepolitikken, Gyldendal Akademisk, 187-226 (med Øistein Røisland).

2. ”Finanspolitikk og økonomisk vekst – en oversikt”, Norsk Økonomisk Tidsskrift, 1997, 129-151.

1. ”Ny vekstteori: En smakebit på modellformuleringer og resultater, Norsk Økonomisk Tidsskrift, 1993, 69-92 (med Lars-Erik Borge).


Contact address: ragnar.torvik@ntnu.no, Updated: 25.09.2024