Blar i Discussion Papers på forfatter "Heide, Kim Massey"
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A welfare state funded by nature and OPEC. A guided tour on Norway's path from an exceptionally impressive to an exceptionally strained fiscal position
Heide, Kim Massey; Holmøy, Erling; Solli, Ingeborg Foldøy; Strøm, Birger (Discussion Papers;No. 464, Working paper, 2006)Large petroleum revenues make Norway an enviable fiscal loner. The fiscal policy rule adopted from 2001 transforms petroleum wealth into foreign assets, and only the real return on the financial fund should be spent annually. ... -
Is Norway immune to Dutch Disease? CGE estimates of sustainable wage growth and de-industrialisation
Holmøy, Erling; Heide, Kim Massey (Discussion Papers;No. 413, Working paper, 2005)Norway's petroleum wealth has become considerably more liquid and thereby visible to the public since the mid 1990s. In the policy debate transformation of wealth is often confused with ordinary income. Such a misconception ... -
Macroeconomic effects of proposed pension reforms in Norway
Fredriksen, Dennis; Heide, Kim Massey; Holmøy, Erling; Solli, Ingeborg Foldøy (Discussion Papers;No. 417, Working paper, 2005)Abstract: Ageing combined with generous welfare state schemes makes the present fiscal policy in Norway unsustainable, despite large government petroleum revenues. We estimate to what extent two suggested reforms of the ... -
Removing policy based comparative advantage for energy intensive production. Necessary adjustments of the real exchange rate and industry structure
Bye, Torstein; Holmøy, Erling; Heide, Kim Massey (Discussion Papers;No. 462, Working paper, 2006)Abstract: National and international expansion of transmission networks and diminishing returns to scale in hydropower capacity expansion has raised the opportunity cost of electricity. The resulting changes in comparative ...