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. For the period 2026-29, Bjørnland is appointed external member on the Committee of Monetary Policy and Financial Stability at the Norwegian Central Bank.
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 international journals such as the American Economic Journal: Macroeconomics, Economic Journal, Journal of International Economics, Journal of Monetary Economics, Quantiative 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 BBC, Bloomberg, Financial Times, Le Monde and Wall Street Journal, and she has been invited to discuss her research at numerous policy and academic institutions, including the Sintra ECB Forum on Central Banking, the Federal Reserve Board and the IMF.
Bjørnland is founder and Director of the research centre CAMP (Centre for Applied Macroeconomics and commodity Prices) at the BI Norwegian Business School, she is Fellow at the Royal Economic Society and the International Association for Applied Econometrics (IAAE) and research associate of the Centre for Applied Macroeconomic Analysis (CAMA) at the Australia National University. She is the past President of the Executive Committe for the Society for Nonlinear Dynamics and Econometrics (SNDE). Bjørnland is on the editorial board of Journal of Applied Econometrics and Studies in Nonlinear Dynamics and Econometrics and she has been a guest editor for Energy Economics. For the period 2022-26, she is principal investigator for NRC research project "The Corona-crisis, structural change, and macroeconomic policy". Bjørnland is member of the Board of Trustees at BI Norwegian Business School and Chair of the Board, Centre of Tax Research (Skatteforsk) at NMBU.
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 at 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, Monash university and University of Milan. She has been a member of the corporate assembly of Norsk Hydro ASA, Chair of panel of Independent Research Fund Denmark, Board members of the Swedish Fiscal Policy Council, the Finnish Economic Policy Council, the Financial Supervisory Authority of Norway, the Petroleum Price Board and the Abel Prize Board. She has been a member of several Norwegian government appointed commissions and expert groups, such as the commision appointed to assess the Financial Supervisory Act and activities, the expert group assessing the economic consequences of COVID-19, 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. Bjørnland was also member of the Climate change commission (Klimaomstillingsutvalget).
A Report on the euro - For the Iceland Ministry of Finance and Economic Affairs, May 2026. See Press release from the Ministry (translated to English by google), and link to Press conference
The paper "Oil and the Stock Market Revisited: A mixed functional VAR approach" (coauthors Yoosoon Chang and Jamie Cross) is published in Quantitative Economics, May 2026.
The paper "The Price Responsiveness of Shale Producers: Evidence from Micro Data" (coauthors Knut Are Aastveit and Thomas Gundersen) is published in Quantitative Economics, May 2026.
Hilde C. Bjørnland is appointed External Member on the Committee of Monetary Policy and Financial Stability at the Norwegian Central Bank, 2026-29.
Hilde C. Bjørnland receives Research Award 2025 from BI Norwegian Business School.
The paper "Unveiling Inflation: Oil Shocks, Supply Chain Pressures, and Expectations" (coauthors Knut Are Aastveit, Jamie L. Cross and Helene O. Kalstad) is accepted for publication in European Economic Review
Program for the conference "Applied Macroeconomics in a Changing World", jointly organized by Bank of Canada, the Banca d’Italia, and CAMP in Oslo on September 11-12, 2025
BI, LUISS, Bolzano - PhD workshop, in Oslo, September 10, 2025