Welcome to Steinar Holden's homepage

Welcome to Steinar Holden's homepage!

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Work information

Professor in Macro and Monetary Policy Issues at Department of Economics, University of Oslo.
As of 1 March 2011, the professorship was renewed for another 7 year period, based on a donation from Norges Bank.
Professional interests: Wage setting, monetary policy, macroeconomics, labour market, bargaining.
Main teaching responsibilities: Macroeconomics.
Associated with ESOP.
Scientific Advisor to the Research Department of Norges Bank (the central bank of Norway).
Head of Governmental commission on wage setting 2013.
Head of Advisory Panel for Model and Method Issues for the Ministry of Finance, from May 2011 to May 2013.

Member of the Swedish Fiscal Policy Council from 18 August 2011 to 30 June 2014.
Medlem av Tariffnemnda fra 1. mai 2009 til 31. mai 2015.

Former head of three governmental commissions
- Skift/turnus-utvalget (Governmental Commission on shift work)
- Ekspertutvalget for konkurranseutsatt sektor: NOU 2003:13. PowerPoint – presentasjon. (Expert Commission on the Traded Sector)
- Utvalget for sysselsetting og verdiskaping, NOU 2000: 21. (Governmental Commission on Employment and Wealth Creation)

Member of Norges Bank Watch 2005. Presentation Report
Head of Norges Bank Watch 2006. Presentation Report
Tidligere leder av Senter for pengepolitisk og finansiell forskning.

Address

Department of Economics, University of Oslo, Box 1095 Blindern, 0317 Oslo, Norway
Tel: +47 22855156
Mob: +47 48284416
Fax: +47 22855035
Email: steinar.holden@econ.uio.no

Recent working papers

(download viewer)

"Do government purchases affect unemployment?" (with Victoria Sparrman), May 2013.
"Avoiding the resource curse. The case Norway". Revised January 2013.
"An equilibrium model of credit rating agencies". (with Gisle James Natvik and Adrien Vigier), December 2012.
“Implications of insights from behavioral economics for macroeconomic models”. Revised September 2012
"Discrimination and employment protection" (with Åsa Rosén), Revised April 2012.
"Wage rigidity, institutions, and inflation". (with Fredrik Wulfsberg), November 2012, forthcoming in Scandinavian Journal of Economics.
"‘Large’ vs. ‘small’ players: A closer look at the dynamics of speculative attacks" (with Geir H. Bjønnes, Dagfinn Rime, Haakon O.Aa. Solheim), revised version April 2012, forthcoming in Scandinavian Journal of Economics.
"The Interaction of Labor Markets and Inflation: Micro Evidence from the International Wage Flexibility Project". (with William T. Dickens, Lorenz Götte, Erica L. Groshen, Julián Messina, Mark E. Schweitzer, Jarkko Turunen and Melanie Ward-Warmedinger), preliminary version February 2007, in PDF format.
"Wage differentiation via subsidised general training". (with V. Bhaskar), revised version June 2004, in PDF format.
Selected older papers

Recent publications

"Do choices affect preferences? Some doubts and new evidence." Journal of Applied Social Psychology 43, 1, January 2013, 83-94. "Almost identical working paper version".
“Comment on The cyclical behavior of equilibrium unemployment and vacancies. In International seminar on Macroeconomics 2011. Jeffrey A. Frankel and Christopher A. Pissarides (eds). The University of Chicago Press, 2012, pp 241-247.
"Contract adjustment under uncertainty". (with Helge Holden and Lars Holden). Journal of Economic Dynamics and Control 34, 2010,657-680 identical working paper version.
"How strong is the macroeconomic case for downward real wage rigidity?" (with Fredrik Wulfsberg), Journal of Monetary Economics Vol. 56:4; May 2009, 605-615, working paper including data appendix in PDF format.
"The three outsiders and the monetary union". Chapter in EMU at ten. Should Denmark, Sweden and the UK join? (Swedish) SNS Förlag. Chapter 6 in the report by SNS Economic Policy Group, consisting of Harry Flam (chairman), Antonio Fatas, Steinar Holden, Tullio Jappeli, Ilian Mihov, Marco Pagano and Charles Wyplosz.
"Downward nominal wage rigidity in the OECD" (with Fredrik Wulfsberg), The B.E. Journal of Macroeconomics (Advances): Vol. 8 (2008) : Iss. 1, Article 15. working paper version. handout
“Editors’ Preface”. (With Robert Hall, Nils Gottfries, Espen Moen and Christian Schultz). Special Issue on Macroeconomic Fluctuations and the Labor Market. Scandinavian Journal of Economics 109 (4), 643-644.
"How wages change: micro evidence from the International Wage Flexibility Project", by William T. Dickens, Lorenz Götte, Erica L. Groshen, Steinar Holden, Julián Messina, Mark E. Schweitzer, Jarkko Turunen and Melanie Ward-Warmedinger, Journal of Economic Perspectives, 21, 2, Spring 2007, 195-214, working paper version in PDF format.
"Monetary regimes and the co-ordination of wage setting". European Economic Review 49, 2005, 833-843, almost identical working paper version in PDF format.
“Editors’ Preface”. (With Ernst Fehr and Christian Schultz). Special Issue on Behavioral Economics. Scandinavian Journal of Economics 106 (3), 391-392.
"Behavioural macroeconomics and the aggregate supply puzzle". The Nordic Journal of Political Economy 30 (1), 2004, 27-36, almost identical working paper version in PDF format.
"Wage formation under low inflation". In Collective Bargaining and Wage Formation - Challenges for an European Labour Market, H. Piekkola and K. Snellman (eds), Springer-Verlag, 2004, pp 39-58. working paper version in PDF format.
"Fairness and inflation persistence". (with John Driscoll). Journal of European Economic Association 2, (2-3), Papers and Proceedings, 2004, 240-251.
"The costs of price stability - downward nominal wage rigidity in Europe", Economica71, 2004, 183-208.An electronic version of the paper is available in PDF format. Complete citation information is available on the Blackwell Synergy online delivery service, see http://www.blackwell-synergy.com.
"Inflation persistence and relative contracting", (with John Driscoll), American Economic Review 93, September 2003, 1369-1372.
"Wage setting under different monetary regimes", Economica, 70, 2003, 251-266, in PDF format.
"Stabilization policy in an open economy", (with Torben M. Andersen), Journal of Macroeconomics 24, 2002, 293-312, almost identical working paper version in PDF format.
Selected older publications