Curriculum Vitae

Appointments

2026 –
Associate Professor, University of Oslo
2025 –
Associate Professor (20%), BI Norwegian Business School
2024 –
Research Affiliate, CEPR

Education

2014 – 2018
PhD in Economics, BI Norwegian Business School
Advisors: Plamen T. Nenov and Leif Helland
Thesis: Essays in Macro-Finance
2010 – 2012
Master in Economics, University of Oslo
Advisor: Halvor Mehlum
Thesis: Fiscal Incidence

Past Appointments

2024 – 2025
Principal Research Economist, Norges Bank Research
2021 – 2024
Senior Research Economist, Norges Bank Research
2018 – 2021
Research Economist, Norges Bank Research
2012 – 2014
Higher Executive Officer, Ministry of Finance, Financial Markets Department

Working Papers

The Negative Liquidity Effect of Mortgage Regulation

with Knut Are Aastveit and Ella Getz Wold

Norges Bank Working Paper 6/2020 & CEPR Discussion Paper 20505

revise and resubmit (2nd round), American Economic Journal: Macroeconomics

The Investment Channel of Monetary Policy: Evidence from Norway

with Jin Cao, Torje Hegna, Martin Holm, Tobias König and Mikkel Riiser

Norges Bank Working Paper 5/2023

reject and resubmit, Journal of Monetary Economics

Monetary Policy Transmission through Cross-selling Banks

with Christoph Basten

Norges Bank Working Paper 9/2025 & CEPR Discussion Paper 20507

reject and resubmit, Journal of Financial Economics

Granular Credit Risk

with Rustam Jamilov, Sigurd Galaasen and Helene Rey

NBER Working Paper 27994 & CEPR Discussion Paper 15385

The Housing Channel of Intergenerational Wealth Persistence

with Ella Getz Wold, Knut Are Aastveit, Eirik Eylands Brandsaas and Gisle James Natvik

Norges Bank Working Paper 16/2023 & CEPR Discussion Paper 18888

Dividend Signaling and Bank Payouts in the Great Financial Crisis

with Plamen T. Nenov

Norges Bank Working Paper 9/2022 & CEPR Discussion Paper 20464

From CIP Deviations to Global Capital Flows: Bank Lending Channel and Real Effects

with Filippo Ippolito, Artashes Karapetyan, José-Luis Peydro and Olav Syrstad

Publications

Risk-based Pricing in Competitive Lending Markets

with Carola Müller and Henrik Andersen

Norges Bank Working Paper 19/2021

Journal of Banking and Finance, forthcoming

Cross-Selling in Bank Household Relationships: Mechanisms and Implications for Pricing

with Christoph Basten

Review of Financial Studies, forthcoming

The Effect of Asset Encumbrance on Bank Behavior: Evidence from the Introduction of Covered Bonds in Norway

with Jin Cao and Talina Sondershaus

Norges Bank Working Paper 6/2021

Journal of the European Economic Association (2025), Volume 23, Issue 4

The Importance of Unemployment Risk for Individual Savings

with Ella Getz Wold

Norges Bank Working Paper 17/2019

Management Science (2025), Volume 71, Issue 8

Optimal Capital Adequacy Ratios for Banks

with Henrik Andersen

Latin American Journal of Central Banking (2024), Volume 5, Issue 2

Negative Nominal Interest Rates and the Bank Lending Channel

with Gauti B. Eggertsson, Lawrence H. Summers and Ella Getz Wold

Review of Economic Studies (2024), Volume 91, Issue 4

Monetary Policy Spillover to Small Open Economies: Is the Transmission Different Under Low Interest Rates?

with Jin Cao, Valeriya Dinger, Tomas Gomez, Zuzana Gric, Martin Hodula, Alejandro Jara, Karolis Liaudinskas, Simona Malovana and Yaz Terajima

Norges Bank Working Paper 12/2021

Journal of Financial Stability (2023), Volume 65

Macroeconomic Uncertainty and Bank Lending

with Vegard Hoghaug Larsen

Economics Letters (2023), Volume 225

Do Capital Requirements Make Banks Safer? Evidence From a Quasi-Natural Experiment

with Denefa Bostandzic, Felix Irresberger and Gregor Weiss

Journal of Financial and Quantitative Analysis (2022), Volume 57, Issue 5

Capital Requirement Reductions, Heterogeneity and Real Economic Outcomes

with Elif C. Arbatli-Saxegaard

International Journal of Central Banking (2022), Volume 18, Issue 2

Opacity and Risk-taking: Evidence from Norway

with Jin Cao

Journal of Banking and Finance (2022), Volume 134

Information Quality and Regime Change: Evidence From the Lab

with Felipe Iachan, Leif Helland and Plamen Nenov

Journal of Economic Behavior and Organization (2021), Volume 191, Pages 538–554

Deposit Concentration at Financial Intermediaries

Economics Letters (2021), Volume 199

Dividend Payouts and Rollover Crises

with Plamen Nenov

Review of Financial Studies (2020), Volume 33, Issue 9, Pages 4139–4185

Risk-weighted Capital Requirements and Portfolio Rebalancing

with Ella Getz Wold

Journal of Financial Intermediation (2020), Volume 41

The Interaction Between Macroprudential and Monetary Policies: The Cases of Norway and Sweden

with Jin Cao, Valeriya Dinger, Anna Grodecka-Messi and Xin Zhang

Review of International Economics (2020), Volume 29, Pages 87–116

Other Publications

The Interest Sensitivity of Consumption and Investment: Evidence from Norway

with Frida Bowe, Leif Brubakk, Sara Skjeggestad Meyer, Erlend Njølstad and Magnus Åstebøl

Staff Memo 1/2025

Optimal kapitaldekning for norske banker

with Henrik Andersen

Staff Memo 9/2022

Om gjennomslaget fra styringsrenten til bankenes renter

with Kjell Bjørn Nordal and Hanna Winje

Staff Memo 11/2020

Effekter av IRB-metoden på bankenes utlån til norske foretak

with Henrik Andersen and Andreas Kostol

Staff Memo 1/2020

Teaching

Supervision

Presentations

2025
Statistics Norway, University of Bonn, Goethe University/SAFE, CEBRA 2025, Central Bank of Ireland (scheduled)
2023
Obligasjonskonferansen 2023, Norwegian School of Economics, Annual Meeting of the Urban Economics Association, EEA 2023, Monetary Policy and Financial Intermediation: Learning from Heterogeneity and Microdata, Storbykonferansen 2023, BI (Department of Finance)
2022
NBER SI (Impulse and Propagation Mechanisms), FDIC 21st Annual Bank Research Conference, FIRS 2022, 5th ECB-MPPG Workshop, Finanstilsynet, 3rd Biennial Banca d'Italia and Bocconi University Conference Financial Stability and Regulation, Ministry of Finance, IWH
2021
NBER SI (Risk), IMF, Central Bank of Ireland workshop: Borrower finances, financial stability assessment and macroprudential policies, De Nederlandsche Bank, Norges Bank workshop: The impact of low interest rates and unconventional monetary policy, Banco Central De Chile
2020
Bank of Finland, Oslo Macro Group, Nordic Junior Macro Seminar Series
2019
FIRS 2019, University of Zurich, Norwegian Annual Meeting for Economists 2019, SNDE 2019, SAET 2019, 30th Stony Brook International Conference on Game Theory, CEBRA Annual Meeting, DNB Markets
2018
Norges Bank, Norwegian School of Economics (NHH), Statistics Norway, 11th Swiss Winter Conference on Financial Intermediation (poster), BI Norwegian Business School, 9th International Conference of ASFEE, CEF 2018, 2018 ESA World Meeting, Joint conference on heterogeneous households, firms and financial intermediaries (Bundesbank), Leeds Business School, Nordic Finance Network 2018
2017
Norwegian Annual Meeting for Economists 2017, Brown University Macro Breakfast, 25th Annual Symposium of the Society of Nonlinear Dynamics and Econometrics (SNDE), BI Norwegian Business School, MultiNational Finance Society, World Finance Conference, EEA – ESEM, Norges Bank
2016
BI Norwegian Business School, Brown University Macro Breakfast

Referee Activities

Review of Economic Studies, Review of Financial Studies, Review of Economics and Statistics, Journal of the European Economic Association, Journal of Financial Intermediation, International Journal of Central Banking, Journal of Monetary Economics, Journal of Money Credit and Banking, European Economic Review, IMF Economic Review, Economic Policy, Journal of Financial Stability, Journal of Banking and Finance, Finance Research Letters, Journal of Behavioral and Experimental Finance, working paper series of different central banks

Awards and Grants

Other Professional Activities

2025
Session organizer, CEBRA Annual Meeting 2025
2024
Session organizer, CEBRA Annual Meeting 2024
2023
Member of the Program Committee, Women in Central Banking
2022
Member of the Program Committee, IBEFA Summer Meeting 2022
2021
Co-organizer, Monetary policy in a low interest rate environment workshop, Norges Bank; Session organizer, CEBRA Annual Meeting 2021; Member of the Program Committee, IBEFA/ASSA 2022
2019
Co-organizer, Prepared for the next crisis? The costs and benefits of financial regulation workshop, Norges Bank/IBEFA

References

Plamen Nenov
Norges Bank Research
Norges Bank
E-mail: plamen.nenov@norges-bank

Gauti B. Eggertsson
Department of Economics
Brown University
E-mail: gauti_eggertsson@brown.edu

Gisle J. Natvik
Department of Economics
BI Norwegian Business School
E-mail: gisle.j.natvik@bi.no