BI 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.


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 in 2022. The program was established in 2012 and first 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 
a)     The Research Council of Norway: ES664707 MACROCAMP - The Corona-crisis, structural change, and macroeconomic policy, 2021-2024.

b)     The Research Council of Norway has awarded Gift-strengthening support (gaveforsterkning) to Centre for Applied Macro and Commodity prices (CAMP), 2017.

(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