Faculty Profile

Erling Steigum

Professor - Department of Economics

Biography

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.

Publications

Steigum, Erling & Thøgersen, Øystein (2015)

A crisis not wasted. Institutional and structural reforms behind Norway's strong macroeconomic performance.

Andersen, Torben M.; Bergman, U. Michael & Hougaard Jensen, Svend E. (red.). Reform Capacity and Macroeconomic Performance in the Nordic Countries

Steigum, Erling (2011)

Robotics of growth

La Grandville, Olivier (red.). Economic Growth and Development; Frontiers of Economics and Globalization, volume 11

Steigum, Erling (2009)

The boom and bust cycle in Norway

Lars Jonung, Jaakko Kiander and Pentti Vartia (eds), The Great Financial Crisis in Finland and Sweden

Steigum, Erling (2008)

Befolkningsaldring, pensjonsreformer og realøkonomi

Samfunnsøkonomen, 62(6/7 - Samfunnsøkonom), s. 29- 40.

Steigum, Erling (2006)

Den keynesianske revolusjonen 70 år etter: Et tilbakeblikk

Økonomisk forum, s. 18- 26.

Steigum, Erling (2006)

Aktivabobler - kan og bør myndighetene gjøre noe?

Magma - Tidsskrift for økonomi og ledelse, 9(1), s. 57- 67.

Steigum, Erling (2005)

Finn Kydland - Norges tredje Nobelprisvinner i økonomi

Økonomisk forum, 59(1)

Steigum, Erling (2004)

Financial deregulation with a fixed exchange rate: Lessons from Norway's boom-bust cycle and banking crisis

Thorvald Moe, Jon Solheim and Bent Vale (eds.): The Norwegian Banking Crisis

Steigum, Erling (2004)

Undervisning i makroøkonomi på bachelornivå

Økonomisk forum, 57(5)

Steigum, Erling; Steigum, Erling & Thøgersen, Øystein (2003)

Borrow and adjust: fiscal policy and sectoral adjustment in an open economy

International Economic Review, 44(2), s. 699- 724.

Fehr, Hans; Steigum, Erling, Fossati, A. & Wiegard, W. (2002)

Pension funding reforms in a small open welfare state

Policy Evaluation with Computable General Equilibrium Models

Steigum, Erling (2001)

Formuesberegninger, bruk av oljeinntekter og najonalbudsjettet 2001

Økonomisk forum, s. 24- 30.

Steigum, Erling; Isachsen, Arne Jon & Røste, Ole Bjørn (1999)

Norsk pengepolitikk: Er et fleksibelt inflasjonsmål løsningen?

Euroen og den norske kronens skjebne

Steigum, Erling; Isachsen, Arne Jon & Røste, Ole Bjørn (1999)

Pengepolitikk og valutakurs i fokus: Hva sier nyere forskning?

Euroen og den norske kronens skjebne

Steigum, Erling; Gjersem, Carl & Auerbach, Alan J. (1999)

Generational accounting and depletable natural resources: The case of Norway

Generational accounting around the world

Steigum, Erling (1999)

De profesjonelle og amatørene. Noen refleksjoner omkring Populister og originale økonomer

Sosialøkonomen, 59

Steigum, Erling (1999)

Robert Mundells forskning i internasjonal makroøkonomi

Sosialøkonomen, 59

Steigum, Erling (1999)

Globalisering og kapitalflyt: Noen lærepenger for små land

Internasjonal Politikk, 57(4), s. 565- 573.

Borge, Lars-Erik; Steigum, Erling & Strandenes, Siri Pettersen (2014)

Artikkel om arbeidsinnvandring vant prisen for 2013.

[Article in business/trade/industry journal]. Samfunnsøkonomen, s. 55- 56.

Borge, Lars-Erik; Steigum, Erling & Strandenes, Siri Pettersen (2013)

"En mer effektiv konkurranselov" vant artikkelprisen 2012

[Article in business/trade/industry journal]. Samfunnsøkonomen, s. 80- 81.

Borge, Lars-Erik; Steigum, Erling & Strandenes, Siri P. (2012)

Skaper velferdsstaten større sosiale helseforskjeller

[Article in business/trade/industry journal]. Samfunnsøkonomen, 26(1), s. 52- 53.

Steigum, Erling (2011)

The short- and long-run effects of the Norwegian banking crisis in the 1990s

[Academic lecture]. American Economic Association Annual Meeting.

Steigum, Erling (2010)

Norsk økonomi etter 1980: fra krise til suksess

[Article in business/trade/industry journal]. Praktisk økonomi og finans, 26(3), s. 11- 17.

Lundgren, Stefan; Flodén, Martin, Steigum, Erling & Wijkander, Hans (2004)

Finanser för framtida välfärd. Konjunkturrådets rapport

[Scientific book]. SNS Förlag.

Steigum, Erling (2004)

Oppgaver til Moderne makroøkonomi

[Textbook]. Gyldendal Akademisk.

Steigum, Erling (2004)

Moderne makroøkonomi

[Textbook]. Gyldendal Akademisk.

Steigum, Erling (2003)

Moderne makroøkonomi (kompendium)

[Textbook]. Gyldendal Akademisk.

Steigum, Erling (1999)

Har pengepolitikken vært undervurdert?

[Article in business/trade/industry journal]. ?, s. 9- 13.

Academic Degrees
Year Academic Department Degree
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
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
Year Employer Job Title
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