Professor of Economics
Hilde C. Bjørnland is Professor of Economics at the BI Norwegian Business School. She holds a Master of Science in Econometrics and Mathematical Economics from London School of Economics, and a PhD (Dr.Polit) in Economics from the University of Oslo. She was awarded His Majesty, The King of Norway’s Gold medal for the Ph.D. thesis in social Sciences.
Her main research interest are in the areas of applied macroeconomics and time series. Special interests include business cycles, energy economics, commodity prices, and fiscal- and monetary policy. She has published in leading journals such as the American Economic Journal: Macroeconomics, Economic Journal, Journal of International Economics, Journal of Monetary Economics and the Review of Economics and Statistics. She is also the co-author of the book: “Applied Time Series For Macroeconomics”. Her work has been widely disseminated in international media, including for example BBC, Financial Times, Bloomberg, Wall Street Journal and Le Monde.
Bjørnland is Founder and Director of the research centre CAMP (Centre for Applied Macroeconomics and commodity Prices) at the BI Norwegian Business School and she holds a position as a scientific advisor to the Research Department of Norges Bank. She is elected Fellow at the International Association for Applied Econometrics (IAAE), Ex-President and elected member of the Executive Committe for the Society for Nonlinear Dynamics and Econometrics (SNDE), and research associate of the Centre for Applied Macroeconomic Analysis (CAMA) at the Australia National University. Bjørnland is on the editorial board of Studies in Nonlinear Dynamics and Econometrics and she is a guest editor for Energy Economics. For the period 2022-25, she is principal investigator for NRC research project "The Corona-crisis, structural change, and macroeconomic policy". Among the professional engagements she holds, she is member of the Finnish Economic Policy Council, and panel member of Independent Research Fund Denmark.
Bjørnland has previously held positions as Provost for Research and Academic Resources at BI Norwegian Business School, staff economist at the International Monetary Fund, Project leader Norges Bank, Associate Professor at the University of Oslo and Researcher in Statistics Norway. She has been a Visiting Scholar at UC Berkeley, UC Riverside, Luiss university and Monash university. She has been a member of the corporate assembly of Norsk Hydro ASA, board members of the Swedish Fiscal Policy Council, the Financial Supervisory Authority of Norway, the Petroleum Price Board and the Abel Prize Board. She was recently member of the Norwegian government commission appointed to assess the Financial Supervisory Act and activities, the Norwegian government appointed expert group assessing the economic consequences of COVID-19, and of the Climate change commission (Klimaomstillingsutvalget). Bjørnland has also been a member of two previous Commissions appointed by the Norwegian government; The Thøgersen Commission which reevaluated the fiscal rule for the take-out from the oil fund and the Mork Commission that assessed the equity portion of the Norwegian Government Pension Fund Global.
New paper: The Drivers of Emission Reductions in the European Carbon Market (with Jamie L. Cross and Felix Kapfhammer), CAMP Working Paper 8/2023, BI Norwegian Business School.
Conference proceedings from ECB Sintra Forum proceedings 2022: Challenges for monetary policy in a rapidly changing world,
"Oil and the Stock Market Revisited: A mixed functional VAR approach", will be presented at the NBER summer Institute 2023 - Forecasting & Empirical Methods, Boston, July 14, 2023
CAMP Workshop on “Structural change and Economic transitions”, Oslo, May 30, 2023.
Talk about commodities and inflation at the 10th Annual Workshop on the Global Economy: Commodity Prices and Inflation, Washington DC, May 16, 2023.
New paper: "Oil and the Stock Market Revisited: A mixed functional VAR approach" (coauthors Yoosoon Chang and Jamie Cross), CAMP working paper 3/2023 BI Norwegian Business School