Erling Steigum

Erling Steigum is a professor of economics at BI Norwegian Business School. He holds a PhD from Norwegian School of Economics in Bergen, where he was professor from 1982 to 1999. Main area of research and teaching is macroeconomics. His research has been published in journals such as Econometrica, International Economic Review, European Economic Review and Scandinavian Journal of Economics. He is a CES-Ifo research fellow and has been a co-editor of the Scandinavian Journal of Economics. He served at Head of the Department of Economics during the period 2003 - 2011.

Steigum has also been the chairman of the Government's Investment Strategy Council for Norway's Sovereign Wealth Fund (2005 - 2009) and has served as a board member of the Financial Supervisory Authority of Norway (2002 - 2006). He is a board member of Centre of Monetary Economics (CME) at BI and has contributed to serveral Norges Bank Watch reports, evaluating monetary policy in Norway.

Research areas

The financial accelerator and investment behavior; macroeconomic models (including computable models) with sticky prices and wages; sectoral adjustment costs and dynamic analysis of the "Dutch disease"; petroleum wealth, sovereign wealth funds, and intergenerational distribution; computable overlapping generations models and generational accounting for Norway; pension reforms; the Nordic banking crises in the 1990s.

Teaching areas

Macroeconomics.

ACADEMIC DEGREES

• 1979 Norwegian School of Economics, NHH Ph.D Dr. Oecon.
• 1974 Norwegian School of Economics, NHH Master
• 1972 Norwegian School of Economics, NHH Master of Science in Business

WORK EXPERIENCE

• 2006 - Present BI Norwegian Business School Professor
• 2007 - 2011 BI Norwegian Business School Head of Department
• 2003 - 2006 BI Norwegian Business School Head of Department
• 1991 - 2003 BI Norwegian Business School Professor
• 1982 - 1999 Norwegian School of Economics (NHH) Professor
• 1979 - 1982 Norwegian School of Economics (NHH) Associate Professor
• 1977 - 1979 Norwegian School of Economics (NHH) Assistant Professor

RESEARCH REPORTS

Steigum, Erling. 

Sovereign wealth funds for macroeconomic purposes. Stockholm: Finanspolitiska rådet 2013 30 p. Finanspolitiska rådet(4) BI

Steigum, Erling; Thøgersen, Øystein. 

A crisis not wasted – Institutional and structural reforms behind Norway’s strong macroeconomic performance. Bergen: Institutt for samfunnsøkonomi, Norges Handelshøyskole 2013 40 p. NHH Dept. of Economics Discussion papers(18) BI NHH

Steigum, Erling. 

The Norwegian Banking Crisis in the 1990s: Effects and Lessons. Oslo: Centre for Monetary Economics, BI 2011 24 p. BI

Bjørnland, Hilde C; Clarida, Richard; Holvik, Elisabeth; Steigum, Erling. 

Norges Bank Watch 2010 An Independent Evaluation of Monetary Policy in Norway. : Handelshøyskolen BI 2010 76 p. BI

Steigum, Erling. 

NORSK ØKONOMI ETTER 1980 – FRA KRISE TIL SUKSESS. : Handelshøyskolen BI 2010 11 p. BI

Steigum, Erling; Bjørnland, Hilde C; Clarida, Richard; Holvik, Elisabeth. 

An independent evaluation of monetary policy in Norway. Norges Bank Watch Report Series No. 11. : Centre for Monetary Economics, BI Norwegian School of Management, Oslo 2010 BI

Bergman, Michael; Juel, Steinar; Steigum, Erling. 

Norges Bank Watch 2009 Monetary Policy and the Financial Turmoil. : Handelshøyskolen BI 2009 67 p. Research Report Series(10) BI

Steigum, Erling. 

BEFOLKNINGSALDRING, PENSJONSREFORMER OG REALØKONOMI. : Handelshøyskolen BI 2008 27 p. BI

Bowen, Alex; O'Brian, Mark; Steigum, Erling. 

Norges Bank's Stability Report: A Review. Oslo: Central Bank of Norway 2003 (2) BI

Matsen, Egil; Steigum, Erling; Steigum, Erling; Thøgersen, Øystein. 

Pensjonsreform, sparing og eierskap. : Europaprogrammet, "Arvid Brodersen gruppen" 2003 BI NHH NTNU

Steigum, Erling. 

Befolkningsaldring og økonomisk politikk: Behov for pensjonsreformer?. Sandvika: Handelshøyskolen BI, Centre for Monetary Economics, CME 2002 (1) BI

Svensson, Lars E. O.; Houg, Kjetil; Solheim, Haakon; Steigum, Erling. 

Norges Bank Watch 2002. An Independent Review of Monetary Policy and Institutions in Norway. Sandvika: Handelshøyskolen BI 2002 (17) BI

Steigum, Erling. 

Trade unions and the burden of the public debt. Munich, Germany: Center for Economic Studies and Ifo Institute for Economic Research 2001 27 p. (587) BI

Steigum, Erling; Steigum, Erling; Thøgersen, Øystein. 

Borrow and adjust: Fiscal policy and sectoral adjustment in an open economy. Munich, Germany: Center for Economic Studies and Ifo Institute for Economic Research 2001 32 p. (583) BI NHH

POPULAR SCIENTIFIC ARTICLES

Borge, Lars-Erik; Steigum, Erling; Strandenes, Siri Pettersen. 

Artikkel om arbeidsinnvandring vant prisen for 2013.. Samfunnsøkonomen 2014 (1) p. 55-56 BI NHH NTNU

Borge, Lars-Erik; Steigum, Erling; Strandenes, Siri Pettersen. 

"En mer effektiv konkurranselov" vant artikkelprisen 2012. Samfunnsøkonomen 2013 p. 80-81 BI NHH NTNU

Borge, Lars-Erik; Steigum, Erling; Strandenes, Siri P.. 

Skaper velferdsstaten større sosiale helseforskjeller. Samfunnsøkonomen 2012 ;Volume 26.(1) p. 52-53 BI NHH NTNU

Steigum, Erling. 

Norsk økonomi etter 1980: fra krise til suksess. Praktisk økonomi og finans 2010 ;Volume 26.(3) p. 11-17 BI

Steigum, Erling. 

Har pengepolitikken vært undervurdert?. ? 1999 (1) p. 9-13 BI

SCIENTIFIC ARTICLES

Steigum, Erling. 

Befolkningsaldring, pensjonsreformer og realøkonomi. Samfunnsøkonomen 2008 ;Volume 62.(6/7 - Samfunnsøkonom) p. 29-40 BI

Steigum, Erling. 

Aktivabobler - kan og bør myndighetene gjøre noe?. Magma - Tidsskrift for økonomi og ledelse 2006 ;Volume 9.(1) p. 57-67 BI

Steigum, Erling. 

Den keynesianske revolusjonen 70 år etter: Et tilbakeblikk. Økonomisk forum 2006 (6) p. 18-26 BI

Steigum, Erling. 

Finn Kydland - Norges tredje Nobelprisvinner i økonomi. Økonomisk forum 2005 ;Volume 59.(1) BI

Steigum, Erling. 

Undervisning i makroøkonomi på bachelornivå. Økonomisk forum 2004 ;Volume 57.(5) BI

Steigum, Erling; Steigum, Erling; Thøgersen, Øystein. 

Borrow and adjust: fiscal policy and sectoral adjustment in an open economy. International Economic Review 2003 ;Volume 44.(2) p. 699-724 BI NHH

Steigum, Erling. 

Formuesberegninger, bruk av oljeinntekter og najonalbudsjettet 2001. Økonomisk forum 2001 (1) p. 24-30 BI

Steigum, Erling. 

De profesjonelle og amatørene. Noen refleksjoner omkring Populister og originale økonomer. Sosialøkonomen 1999 ;Volume 59. BI

Steigum, Erling. 

Globalisering og kapitalflyt: Noen lærepenger for små land. Internasjonal Politikk 1999 ;Volume 57.(4) p. 565-573 BI

Steigum, Erling. 

Robert Mundells forskning i internasjonal makroøkonomi. Sosialøkonomen 1999 ;Volume 59. BI

CHAPTERS

Steigum, Erling; Thøgersen, Øystein. 

A crisis not wasted. Institutional and structural reforms behind Norway's strong macroeconomic performance.. I: Reform Capacity and Macroeconomic Performance in the Nordic Countries. Oxford University Press 2015 ISBN 978-0-19-871710-2. p. 246-273 BI NHH

Steigum, Erling. 

Robotics of growth. I: Economic Growth and Development; Frontiers of Economics and Globalization, volume 11. Emerald Group Publishing Limited 2011 ISBN 9781780523965. p. 543-555 BI

Steigum, Erling. 

The boom and bust cycle in Norway. I: Lars Jonung, Jaakko Kiander and Pentti Vartia (eds), The Great Financial Crisis in Finland and Sweden. Edward Elgar Publishing 2009 ISBN 978-1-84844-305-1. p. 202-244 BI

Steigum, Erling. 

Financial deregulation with a fixed exchange rate: Lessons from Norway's boom-bust cycle and banking crisis. I: Thorvald Moe, Jon Solheim and Bent Vale (eds.): The Norwegian Banking Crisis. Oslo: Norges Bank 2004 BI

Fehr, Hans; Steigum, Erling; Fossati, A.; Wiegard, W.. 

Pension funding reforms in a small open welfare state. I: Policy Evaluation with Computable General Equilibrium Models. : Routledge Applied Economics 2002 p. 232-248 BI

Steigum, Erling; Gjersem, Carl; Auerbach, Alan J.. 

Generational accounting and depletable natural resources: The case of Norway. I: Generational accounting around the world. Chicago and London: The University of Chicago Press 1999 BI

Steigum, Erling; Isachsen, Arne Jon; Røste, Ole Bjørn. 

Norsk pengepolitikk: Er et fleksibelt inflasjonsmål løsningen?. I: Euroen og den norske kronens skjebne. Fagbokforlaget 1999 BI

Steigum, Erling; Isachsen, Arne Jon; Røste, Ole Bjørn. 

Pengepolitikk og valutakurs i fokus: Hva sier nyere forskning?. I: Euroen og den norske kronens skjebne. Fagbokforlaget 1999 BI

BOOKS

Lundgren, Stefan; Flodén, Martin; Steigum, Erling; Wijkander, Hans. 

Finanser för framtida välfärd. Konjunkturrådets rapport. Stockholm: SNS Förlag 2004 BI

Steigum, Erling. 

Moderne makroøkonomi. Gyldendal Akademisk 2004 (ISBN 8205287686) 550 p. BI

Steigum, Erling. 

Oppgaver til Moderne makroøkonomi. Gyldendal Akademisk 2004 (ISBN 8205335400) 151 p. BI

Steigum, Erling. 

Moderne makroøkonomi (kompendium). Gyldendal Akademisk 2003 BI

CONFERENCE PAPERS

Steigum, Erling. 

The short- and long-run effects of the Norwegian banking crisis in the 1990s. American Economic Association Annual Meeting; 2011-01-06 - 2011-01-09 BI