Research Centre

Centre for Applied Macroeconomics and Commodity Prices (CAMP)

CAMP is established to bring together economists working on applied macroeconomic issues, with special emphasis on energy economics.

We have divided our research into three topics: commodity prices, resource rich economies, and applied macroeconomics and time series. Within each topic we have published papers in leading economic journals.

Applied Macroeconomics and Time Series

Here we have gathered our research on applied macroeconomics and time series. Our research on this topic includes forecasting financial series and macroeconomic variables such as GDP, and research on relevant methodology for macroeconomic research.

Commodity Prices

Here we have gathered our research on commodity prices. Within this topic you will find recent research on commodity futures, the effect of media on asset returns, and other relevant questions regarding commodity prices.

Resource Rich Economies

Here we have gathered our research on resource rich economies. Our research on the topic is focused on economies with high oil reserves, however, the papers are relevant for economies with other resource stocks as well.


CAMP has received funding from Equinor, the Research Council of Norway and the Finance Market Fund. These are non-exclusive relationships, and CAMP welcomes support from other sources. Our research is independent of positions taken by any funders.

(i) Equinor's Research program in Petroleum and Energy Economics
Equinor has renewed their research collaboration with BI related to energy economics. The program was established in 2012 and renewed for a five-year period in 2017.

The purpose of the program is to develop new academic research capacity in the economics of resource management and financial wealth based on petroleum and energy. The academic program is based on the Norwegian experience over the last four decades, and it has a focus on Norwegian challenges for the coming decades. The program is directed by Professor Hilde C. Bjørnland in the Department of Economics at BI Norwegian Business School.

(ii) The Resource Council of Norway 
The Resource Council of Norway has awarded gift-strengthening support for CAMP.

(iii) The Finance Market Fund
The Finance Market Fund under the The Resource Council of Norway

Project leader: Hilde C. Bjørnland
Project title: Transmission of global shocks in small open economies and the interaction with fiscal and monetary policy
Period of funding: 2013 - 2015

Annual Reports and newsletters

2019 vol. 2 Download newsletter (.pdf)
2019 vol. 1  Download newsletter (.pdf)
2018    Download annual report (.pdf)
2017    Download annual report (.pdf)
2016    Download annual report (.pdf)
2015    Download annual report (.pdf)
2014    Download annual report (.pdf)
2013    Download annual report (.pdf)
2012    Download annual report (.pdf)